Kevin Phillips, the former Nixon hand turned Wall Street/GOP critic, appeared on Bill Moyers Journal last Friday. It’s the best thing I’ve seen on television about the financial debacle unfolding this week–just as Phillips’ most recent book, Bad Money, is the best introduction to the perils of America’s financialized economy. (More: Phillips wrote about the Wall Street bubble at the American Prospect back in May.)

Highly recommended, and parsed into three clips below. Watch it all.

Bill Moyers: Kevin Phillips on the Wall Street debacle, part I (9:57)

Bill Moyers: Kevin Phillips on the Wall Street debacle, part II (10:02)

Bill Moyers: Kevin Phillips on the Wall Street debacle, part III (7:12)