An Empty Sky Review

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An Empty Sky ReviewVengeance only inspires more vengeance. "An Empty Sky" tells the story of neurotic trader Cecil Clemenzi as he digs his own hole of paranoia when he has a rival trader's daughter killed and soon finds himself on the opposite end of the revenge game. Fleeing and starting over are not things easily done, and makes "An Empty Sky" a fascinating and thought-provoking read.An Empty Sky OverviewCecil Clemenzi grew up in a Cleveland suburb where he was taunted and bullied from early childhood through adolescence. By the time he graduated from NYU and landed his first job as a runner for the New York Commodity Exchange, he was on his way to becoming an emotionally fragile yet surprisingly determined floor trader. One morning, following a freeze in Florida that sends the price of Orange Juice futures sharply higher, he loses everything in just one trade. Cecil blames another more successful floor trader for his loss and is determined to inflict as much retribution as possible on him. First, through one of his 'connected' relatives, Cecil tries to have the trader's daughter killed. Then he goes after some of his closest family friends. Finally, consumed with paranoia once he realizes his nemesis is now ruthlessly seeking his own revenge, he embarks on a desperate yet somewhat comical road trip that takes him to Laramie, Wyoming, where he unsuccessfully tries to start a new life. Alone, confused, and very afraid, he decides to go back home and meet his fate.

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Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Review

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Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History ReviewWow, what a wonderful piece of depressing work. Matt Taibbi writes like the manic offspring of Hunter S. Thompson and William F. Buckley, his prose has a wicked, glinting edge, he pulls no punches in his tirades, and he lays the blame for the current economy squarely at the door of unparalleled Wall Street greed and White House collusion.
The American economy has been hollowed into a huge funnel, and everything poured into it is sucked out the other end by the rapacious maw of Goldman Sachs. Why Goldman? Well, as Mr. Taibbi points out, they are the only ones left. Lehman Brothers was allowed to fail, Bear Stearns was swallowed, and AIG burned down for the insurance money. There are now fewer entities to siphon off the profits, and curiously enough, Goldman had former executives posted throughout both the Bush and Obama administrations, not to mention the Fed and the governorship of NJ!
The three major bubbles that recently struck the economy all emanated from Wall Street. The tech, commodity, and housing bubbles were engineered to squeeze every last dime out of America regardless of the future.
Wall Street has responded to Taibbi's Rolling Stone articles by disapproving of language that describes various CEOs as "mf"ers, and their websites as "BS.com" and other colorfully correct terminology; but Wall Street forgot to refute the facts, they haven't attempted to dispute what they did. A few CEOs have tried to blame the mortgage meltdown on subprime, complaining that lower income folks were socially engineered into housing--a swipe at both people and policy--but as Taibbi correctly points out, you can find maybe 1.4 trillion in subprime, but another 13 trillion is still missing.
There must be a few one star reviews up for 'Griftopia' by now, as Mr. Taibbi skewers everyone from the tea party to Ayn Rand and her evil disciple, Alan Greenspan (his chapter is entitled "The Biggest A--hole in the Universe.") But the author blames Washington rather than any one party, and admits that the tea party has some valid points, even if they don't know it themselves.
Matt Taibbi also has a great talent for explaining fiendish investment instruments like credit default swaps and tranches, none of which I fully understood, but now have a better grasp of. He uses analogies ranging from burgers to cars as he explains commodities, CDO squares, and other arcana that have reached directly into our pockets and pension plans and ended up as mega-yachts floating off the Hamptons. Finally, there's no remedy offered, no ten recommendations, Taibbi sticks to his investigative guns, epilogues out, and leaves your jaw hanging in disbelief at the extent of the scams that have sent America to the poor house.
Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Overview

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