Bad Money: The Inexcusable Failure of American Finance: An Update to Bad Money (A Penguin Group eSpecial from Penguin Books)In his acclaimed book American Theocracy, Kevin Phillips warned of the perilous interaction of debt, financial recklessness, and the spiking cost (and growing scarcity) of oil- warnings that are proving to be frighteningly accurate. Now, in his most significant and timely book yet, Phillips takes the full measure of this crisis. They are a part of what he calls "bad money"- not just the depreciated dollar, but also the dangerous attitudes and the flawed products of wayward mega-finance. His devastating conclusion: In its hubris, the financial sector has hijacked the American economy and put our very global future at risk-and it may be too late to stop it. |
From inside the book
Results 1-5 of 87
Page
... mortgage leaders, and hedge fund buccaneers themselves. The excesses were all too obvious for three to four years before the bubbles finally broke. The challenge for Obama and everyone else over the next four years will be to reason ...
... mortgage leaders, and hedge fund buccaneers themselves. The excesses were all too obvious for three to four years before the bubbles finally broke. The challenge for Obama and everyone else over the next four years will be to reason ...
Page xiii
... mortgage leaders , and hedge fund buccaneers themselves . The excesses were all too obvi- ous for three to four years before the bubbles finally broke . The challenge for Obama and everyone else over the next four years will be to ...
... mortgage leaders , and hedge fund buccaneers themselves . The excesses were all too obvi- ous for three to four years before the bubbles finally broke . The challenge for Obama and everyone else over the next four years will be to ...
Page xv
... mortgage and debt bubble . The centrality of fi- nancial excess , I argue , is not a precursor of postindustrial evolution , but a perilous overconcentration visible in past leading world economic powers as they lost the broad vitality ...
... mortgage and debt bubble . The centrality of fi- nancial excess , I argue , is not a precursor of postindustrial evolution , but a perilous overconcentration visible in past leading world economic powers as they lost the broad vitality ...
Page xvi
... mortgages , mergermania , margin - loan speculation , or a giddy succession of asset bubbles . Over his nearly two decades at the helm of U.S. monetary policy , total credit market debt in the United States quadrupled from under $ 11 ...
... mortgages , mergermania , margin - loan speculation , or a giddy succession of asset bubbles . Over his nearly two decades at the helm of U.S. monetary policy , total credit market debt in the United States quadrupled from under $ 11 ...
Page xix
... mortgage finance , insurers , and securities firms apart and unable to collude with each other in the unsafe and speculative prac- tices they had indulged in the 1920s . But cracks were expanding . In 1984 , the Bank Holding Company Act ...
... mortgage finance , insurers , and securities firms apart and unable to collude with each other in the unsafe and speculative prac- tices they had indulged in the 1920s . But cracks were expanding . In 1984 , the Bank Holding Company Act ...
Other editions - View all
Bad Money: The Inexcusable Failure of American Finance: An Update to Bad ... Kevin Phillips No preview available - 2009 |
Bad Money: The Inexcusable Failure of American Finance: An Update to Bad ... Kevin Phillips No preview available - 2009 |
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