Geisst, Charles R.

Collateral damaged : the marketing of consumer debt to America / Charles R. Geisst. - 1st ed. - New York : Bloomberg Press, 2009. - 274 p. : ill. ; 24 cm.

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.

9781576603253

2009011735


Consumer credit--History.--United States
Saving and investment--History.--United States

HG3756.U54 / G45 2009

332.7/43