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The Marketing of Consumer Debt to America
1st Books Library
August 2009
On Sale: August 12, 2009
288 pages
ISBN: 1576603253
EAN: 9781576603253
Hardcover
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Self-Help Money
Sometime in the 1970s and 1980s, the use of credit cards,
which had begun as a convenience, began to grow into an
addiction. Collateral Damaged: The Marketing of Consumer
Debt to America explains how a nation of savers became a
nation of consumers and how Wall Street used consumers'
addiction to spending to create the "toxic securities" that
threaten to bring about the collapse of the global economy.
Geisst looks at the policy implications of the credit
crisis and describes how the United States can get its
fiscal house in order.
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