Matt Taibi lays out and details the corruption taking place at every level in the 2008 mortgage scandal. The scandal that was ultimately responsible for the 2008 great recession. Taibi takes an extremely complicated and convoluted system and dissects it in an incredibly thoughtful, insightful, and funny way. This is dense subject material, but it is not difficult to read. I learned a lot from this book. May need to read through a second time to maximize subject material retention. Looking forward to the second read!
Verified purchase: Yes | Condition: Pre-owned
This is a great book about the catastrophe in the subprime market. Ultimately, the story is quite disturbing. As Taibbi makes clear, the real forces behind the economy and politics are beyond the day to day comprehension of most Americans and, in 2008, most of the Wall Street players. The story is told with profanity and a fine sense of outrage at the arrogance, greed, and stupidity of the investment houses and their star bond traders.
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