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Collateral damaged : the marketing of consumer debt to America / Charles R. Geisst.

By: Geisst, Charles R.
New York : Bloomberg Press, 2009Edition: 1st ed.Description: 274 p. : ill. ; 24 cm.ISBN: 9781576603253 (alk. paper).Subject(s): Consumer credit -- United States -- History | Saving and investment -- United States -- HistoryGenre/Form: Print books.DDC classification: 332.7/43
Contents:
The great American credit machine -- Creating a consumer credit society in the 1920s -- A self-fulfilling prophecy -- The rise of credit cards -- The mortgage explosion -- The politics of debt -- Policy implications -- Prescription and outlook.
Summary: "Collateral Damaged explains how America had turned from a nation of savers into a nation of consumers addicted to debt. Wall Street then used that addiction to create "toxic securities" that threaten to bring about the collapse of the global economy. How can America get its fiscal house in order again?"--Provided by publisher.
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Current location Call number Status Date due Barcode Item holds
On Shelf HG3756.U54 G45 2009 (Browse shelf) Available AU0000000001434
Total holds: 0

Includes bibliographical references (p. 259-263) and index.

The great American credit machine -- Creating a consumer credit society in the 1920s -- A self-fulfilling prophecy -- The rise of credit cards -- The mortgage explosion -- The politics of debt -- Policy implications -- Prescription and outlook.

"Collateral Damaged explains how America had turned from a nation of savers into a nation of consumers addicted to debt. Wall Street then used that addiction to create "toxic securities" that threaten to bring about the collapse of the global economy. How can America get its fiscal house in order again?"--Provided by publisher.

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