Collateral Damaged: The Marketing of Consumer Debt to America
No Customer Reviews
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: Debt must be brought back onto the issuers balance sheet. Investors must have the assurance of recourse to the debt issuers own funds, rather than the empty promise of a valueless document. Regulators must be educated to know at least as much about financial engineering as the structured finance instruments architects do. This book connects the dots from consumer spending to credit cards to home-equity loans and back to credit cards.
Format:Hardcover
Language:English
ISBN:1576603253
ISBN13:9781576603253
Release Date:August 2009
Publisher:Bloomberg Press
Length:288 Pages
Weight:1.40 lbs.
Dimensions:0.9" x 6.3" x 9.3"
Customer Reviews
0 rating
Copyright © 2025 Thriftbooks.com
Terms of Use | Privacy Policy | Do Not Sell/Share My Personal Information | Cookie Policy | Cookie Preferences | Accessibility Statement
ThriftBooks ® and the ThriftBooks ® logo are registered trademarks of Thrift Books Global, LLC
ThriftBooks ® and the ThriftBooks ® logo are registered trademarks of Thrift Books Global, LLC
