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

By: Publication details: New York : Bloomberg Press, 2009.Edition: 1st edDescription: 274 p. : ill. ; 24 cmISBN:
  • 9781576603253
Subject(s): DDC classification:
  • 332.7/43 22
LOC classification:
  • HG3756.U54 G45 2009
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.
Holdings
Item type Current library Shelving location Call number Copy number Status Date due Barcode
Book Book NMC Library Stacks HG3756 .U54 G45 2009 (Browse shelf(Opens below)) 1 Available 33039001315497

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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