Giant Vampire Squids

Although this new animation is about Britain’s banking crisis, it sounds eerily familiar, doesn’t it?

The “someone” who called big investment banks — or more specifically Goldman Sachs — “vampire squids” is Matt Taibbi. I happen to be reading his funny, informative and at times profane assessment of the financial meltdown, “Griftopia.” I highly recommend it, unless you have high blood pressure. Then you may want to skip it, because I guarantee it will get you fuming.

If you missed Taibbi’s piece in Rolling Stone last year where he coined the description, it’s still worth a read.

I’ll give away the ending:

It’s not always easy to accept the reality of what we now routinely allow these people to get away with; there’s a kind of collective denial that kicks in when a country goes through what America has gone through lately, when a people lose as much prestige and status as we have in the past few years. You can’t really register the fact that you’re no longer a citizen of a thriving first-world democracy, that you’re no longer above getting robbed in broad daylight, because like an amputee, you can still sort of feel things that are no longer there.

But this is it. This is the world we live in now. And in this world, some of us have to play by the rules, while others get a note from the principal excusing them from homework till the end of time, plus 10 billion free dollars in a paper bag to buy lunch. It’s a gangster state, running on gangster economics, and even prices can’t be trusted anymore; there are hidden taxes in every buck you pay. And maybe we can’t stop it, but we should at least know where it’s all going.

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