Tuesday, July 07, 2009

`Bullnomics', the pied-piping of America

BookValue
Bad Money
Kevin Phillips
( http://www.penguin.com/ )

Battered ‘bullnomics’

Derivatives, even though mere fifteen- to twenty-year-old conceptual adolescents, were, well… as safe as houses,” recounts Phillips in Bad Money: Reckless finance, failed politics, and the global crisis of American capitalism.

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