Ryan LubellMonday April 21, 2014Paranoia PoliticsParanoia can be best defined as the mental process of thinking that one is in danger for little or no reason. Matt Taibbi, is an American author and journalist for Rolling Stone magazine, who wrote the book “Griftopia”. This book discusses the financial crisis that America has experienced over the past several decades and presents factual evidence describing many conspiracy theories involved in the financial decline of the American economy. Taibbi discusses the housing bubble, Obamacare, and many other political issues in detail, but ultimately it always comes back to Wall Street and the 1% of America who own 40% of America's wealth. Due to extensive research and evidence presented throughout the book "Griftopia", I agree with Matt Taibbi's paranoid view and don't think he is too paranoid about the American financial crisis . Matt Taibbi, born March 2, 1970, is an esteemed man. journalist and novelist who reports on media, sports, finance, and politics primarily for Rolling Stone and Men's Journal. Taibbi grew up in Boston, Massachusetts and graduated from Bard College in 1992. Mike Taibbi, the father of Matt Taibbis, is an NBC television journalist and was Matt's main motivation in his early years. Taibbi spent the early years of his career freelancing, where he launched The eXile with Mark Ames, then branched out to write for magazines like Playboy, New York Press, The Nation and later Rolling Stone. Matt Taibbi has always been interested in political issues, even covering the 2008 presidential campaign for Real Time with Bill Maher and discussing politics numerous times on MSNBC's The Rachel Maddow Show. Taibbi also discusses p...... middle of paper ......o turning their securities into AIG and demanding billions of dollars. AIG ran into a problem and had to start asking its insurance subsidiaries to liquidate their pension and insurance assets so they could cover their losses. If this happened, these customers would have received only a fraction of the money they were owed, causing a global crisis. Of all the people who complained about AIG, it was Goldman-Sachs that did so most frequently and loudly. An audit of AIG showed they didn't have the cash to pay most of what they owed. So the federal government issued an $80 billion bailout, which was later increased to $200 billion. Goldman-Sachs received the largest percentage of that $200 billion and reportedly burned down the entire country to get the money they thought they deserved; and the housing market bubble was only just beginning.