Commentary on the LDS Newsroom Web site is an excellent explanation of how Mormons feel about the Bible. Quoting extensively from a recent conference talk by Elder M. Russell Ballard, the commentary notes that for Latter-day Saints "the Bible is much more than simply a collection of antiquated writings and revelations that have only scant relevance to the modern world. On the contrary, it stands in the center of the Latter-day Saints spiritual lives." To read the entire commentary please click here.