Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism | 
| Author: Kevin Phillips
Creator: Scott Brick
Publisher: Penguin Audio
Category: Book
List Price: $29.95
Buy New: $15.49
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Avg. Customer Rating:  35 reviews
Sales Rank: 116155
Format: Audiobook
Media: Audio CD
Edition: Unabridged
Number Of Items: 8
Pages: 9
Shipping Weight (lbs): 0.5
Dimensions (in): 5.8 x 5.1 x 1.5
ISBN: 014314328X
Dewey Decimal Number: 330.973
EAN: 9780143143284
ASIN: 014314328X
Publication Date: April 15, 2008
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| Customer Reviews: Read 30 more reviews...
 Losing Control July 22, 2008
1 out of 1 found this review helpful
Kevin Phillips describes immediate problems with the economy, that is, energy shortage, dollar decline, and mushrooming debt. Few are thinking about what it will take to avoid major recession and how badly a recession will be compounded with huge debts.
The end result is loss of control. Growth of debt and credit industry leads to public loss of control of its economic future - a result of higher inflation coupled with higher interest rates producing enormous debts. The financial sector now dominates the industrial sector. The Federal Reserve Board would play a major role in determining the future, yet it is controlled in part by the banking sector which is not elected.
Phillips' style is arduous yet candid. When style is compounded with the bad news this can be a trying book. Phillips makes up for it with a multitude of important points.
Bad money, good book July 21, 2008
I don't have much to add to the other reviews except that, as a professional writer and editor, I think Phillips's style is pretty smooth and non-fatiguing, considering the complexity of the subject. He does as well as anyone can explaining such man-in-the-moon concepts as collateralized debt obligations. It is true, though, that Bad Money is probably not the ideal introduction to the story of our colossal economic undoing for any reader who is entirely unfamiliar with modern financial terminology and practices.
I mentioned this book in a blog posting: <[...]>.
 Sound Message, Poor Writing July 18, 2008
1 out of 1 found this review helpful
The book brought forth a significant message about what ails America and how/why the dollar is facing collapse. The problem is that Phillips writes in a high-brow academic style and with an assumption of knowledge probably not possessed by the average reader. He has been poorly served by his editor/publisher in this regard. This important and timely work could've delivered the same message to a much wider audience had he written in plain English. Phillips gets an 'A' for concepts/ideas/analysis, but a 'C' for rendering his thoughts in a marketable manner. Pity.
 Bad Money Tedious, no solutions July 17, 2008
1 out of 1 found this review helpful
Phillips' book Bad Money is one of the most poorly written, tedious books I have ever tried to read. It has a lot of disturbing facts through-out; things the american public should be informed about, and elected officials should be held accountable for. But GEEZ! Why doesn't the author abide by basic writing principles, for example having one main subject per paragraph, clear and concise language, etc. The book reads like a rough draft.
What are we supposed to DO about the problem??? No help here.
Bad Money July 8, 2008
2 out of 2 found this review helpful
I found parts of this book to be very difficult to comprehend and enjoy, i.e. the details of the financial industry and their various methods/schemes. However, the chapters on Peak Oil and the Politics of Delusion were outstanding! In fact, I would recommend the purchase of the book for the Peak Oil chapter alone. Every American should read that chapter; especially those who think we're fighting a military war with the rest of the world. In fact, we're fighting an economic war with the rest of the world and we're losing it; partially because of the slow, steady drain that fighting a military war brings with it.
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