||10 of 10 people found the following review helpful.| Clear, informative, and a great read|By BigBri|First and foremost, this is an extremely well-written book. Though my knowledge of finance is limited, Geisst is a joy to read, even if I had to take some sections slowly. I appreciated the historic approach which clearly traces the rise of consumer debt and how it has been financed. Of particular interest is Geisst's explana|From Publishers Weekly|In this exhaustive study of the credit card industry, Geisst (Undue Influence) delivers a scathing critique of the routine practices that led to the current consumer debt crisis. He details the origins of credit cards, a path pione
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...
[PDF.mo96] Collateral Damaged: The Marketing of Consumer Debt to America (Bloomberg) Rating: 4.92 (499 Votes)
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You can specify the type of files you want, for your device.Collateral Damaged: The Marketing of Consumer Debt to America (Bloomberg) | Charles R. Geisst. I have read it a couple of times and even shared with my family members. Really good. Couldnt put it down.
