La macchina delle bolle

Questa di Matt Taibbi è la più bella, precisa e concisa descrizione di come funziona la macchina che produce le bolle finanziarie.

The basic scam in the Internet Age is pretty easy even for the financially illiterate to grasp.

Companies that weren’t much more than pot-fueled ideas scrawled on napkins by up-too-late bong-smokers were taken public via IPOs, hyped in the media and sold to the public for megamillions.

It was as if banks were wrapping ribbons around watermelons, tossing them out 50-story windows and opening the phones for bids.

In this game you were a winner only if you took your money out before the melon hit the pavement.