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7 of 8 people found the following review helpful:
5.0 out of 5 stars
The literary lottery where art meets commerce, May 3, 2010
This review is from: Dear Money (Hardcover)
Customer review from the Amazon Vine™ Program (What's this?)
Martha McPhee is the real deal. Her novel is engrossing, intelligent, playful, and timely. And it would be a shame if it did not get the high readership it deserves. In this Pygmalion tale of novelist turned bond trader, India Palmer is -- well, very much like the author herself. She's a critically acclaimed writer of four books and has just completed her fifth. She and her husband -- a gifted but not-so-rich sculptor -- are close friends with a wealthy couple who live luxuriously in NYC's tony Tribeca area. In India's attempt to "keep up with the Joneses", she discovers that "one goes broke in a thousand small ways: birthday presents, house presents; ballet classes; lessons in general; theater subscriptions...dinners out..." When a friend of her affluent friends -- a rakish financier -- propositions her with the promise that in eighteen months, he'll make her a world-class bond trader, she jumps. She realizes that she cannot "make her way in a banker's world on a writer's budget" and so she turns her back on the world of serious art and embraces the adrenalin-pumping world of the trade. Ms. McPhee writes: "I had wanted to see if it was possible to change the course of my life. In a way, I had wanted to confirm, be erased, be reborn to live the American dream..." The transformation is fascinating and if the book focused on just THAT, it would have needed little more. But the author goes further. Dear Money provides fascinating inside glimpses on how the publishing "instant celebrity" culture ensures that an "It Writer" -- a total newbee -- can rise to the top faster than an author with a solid track record. It reveals a fascinating analogy between traders and publishers: "Take a bunch of aspiring writers earning nothing (subprime mortgages), pool them, put them in a nifty package with bells and whistles, offer it up for trade and make money...loads and loads of it." Can writers or traders afford to compromise? What would compromise "feel" like? Ms. McPhee writes, "To leave now, to scale back, to compromise would be to live within a shadow of regret, of second-guessing, of exile." This timely American story of our culture on the brink kept me reading way into the night and in a strange way, cheering for India Palmer. Read it and enjoy!
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9 of 11 people found the following review helpful:
3.0 out of 5 stars
MONEY ( IS ALL THAT) MATTERS, June 4, 2010
This review is from: Dear Money (Hardcover)
Can a literary novelist become a successful bond trader? Maybe she can, if all she truly cares about is money. I found the character of India to be awfully dull- she is a somewhat successful ( if not financially successful) literary novelist who, though claiming to want the life of an artist, barely takes a look back when she abandons her writing career in order to allow herself to be the pawn in a bet. Her most defining characteristic is jealousy of anyone wealthier than her. But then money is the only thing that really has meaning in this book- success that does not equal wealth is unimportant to every single character. It got tiresome reading about character after character motivated only by money ( and the power and real estate that come with it). All emotions come from money or lack of it , all friendships are predicated on money, India's home and parenting life revolve around what material possessions can be provided rather than emotional security...even India's husband's art is created with precious metals and jewels. Money money money. There are no convincing personal relationships in this novel- maybe that could have been rectified by portraying India's children and husband as more than drains on her bank account, or including just one friendship that is not affected by jealousy over money. Or is she just that shallow? The novel is obsessive about money as India herself is- nothing else matters. This is a very symmetrically plotted book- one person goes up, another must go down. If one banker becomes a writer, a writer becomes a banker. If one author has a successful book, another's must fail. It's very tidy,and becomes predictable. There is some very good writing in this book , though on too many occasions the story grinds to a halt so the reader can be lectured on some element of finance that could have been worked in more organically. Despite the often good writing, the emphasis on money at the expense of all else made this seem a much longer novel than it is.
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3 of 3 people found the following review helpful:
3.0 out of 5 stars
An Interesting Angle on the Financial Crisis, July 30, 2010
This review is from: Dear Money (Hardcover)
Customer review from the Amazon Vine™ Program (What's this?)
India Palmer is a mildly successful writer married to another artist living in New York City in the early 2000s. They have two children and are barely getting by financially--they have to keep up with the Joneses, who in this instance are her banking friends, the Chapmans. The Chapmans introduce her to Win, a bond trader who offers her a job at his firm. He secretly bets with a colleague that he can transform India into a successful bond trader. India is competitive, competitive in everything. She is jealous of, and competitive with, the Chapmans, of her daughters classmates parents, of other authors. She is completely caught up in the expensive New York City whirlwind and as a writer, is completely clueless about the work-a-day world. It takes her a while to realize that schmoozing and being liked are important parts of any job and not just the publishing world. She is proud when she figures out some very basic office politics. So, she's a bit of an annoying and unsympathetic protagonist. Ms. McPhee clearly did some research on the mortgage bond market and some of the roots of the financial crisis, but the financial explications in the novel are a bit dry (they are, however, mostly brief). McPhee writes beautifully. Her writing can be piercing, lasering in clearly on the day-to-day material matters of contemporary New York. My main problem with the novel is India herself. She's not really a likeable character. She's not unlikeable, but after she reveals herself for the materialistic shallow person that she is, it was hard to care about whether or not she succeeded as a bond trader.
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