For Friday and Monday, in Griftopia, read pp. 78-123. This will be a difficult chapter to read, so allow yourself some time to make sense of it. While reading, don't get lost in the details; instead, pay attention to the big picture, to the major consequences of the decisions and policies related to housing and the financial industry. Nevertheless, there are a lot of significant consequences to these changes, and you'll have to give this chapter your sustained attention.
Here is the question you will write about in Friday's and Monday's classes. Feel free to respond to it at home, if you prefer; you will still have time to write it in class. If you do this at home, you shouldn't spend more than twenty minutes working on it:
Taibbi writes as though there is something wrong with the way the financial industry treated housing loans and new homeowners in the 2000s (that is, the first decade of this century). What does Taibbi think is wrong? How does he support his view about what's wrong? Do you agree with him?
Taibbi writes as though there is something wrong with the way the financial industry treated housing loans and new homeowners in the 2000s (that is, the first decade of this century). What does Taibbi think is wrong? How does he support his view about what's wrong? Do you agree with him?
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