...on the whole financial mess by Matt
Taibbi of Rolling Stone. It's called
The Big Takeover and you can also find it on
RealClearPolitics.com. It's long but readable and explains
in English how
AIG spun out of control and how this whole bailout process got underway. It gets a little conspiratorial near the end, especially about
Paulson and Goldman, and I'm not much for conspiracy theories. He also doesn't talk much about the role of
Bernanke in all this which is not an unimportant
omission. But I still liked it and would recommend it to anyone trying to make sense of all this.
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