Thursday, July 29th, 2010
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| Collateral Damaged: The Marketing of Consumer Debt to America (Bloomberg) |
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| Manufacturer: Bloomberg Press |
| Customer Rating: |
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| List Price: $27.95 |
| Sale Price: $21.24 |
| Availibility: Usually ships in 24 hours |
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Product Description |
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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.
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Product Details |
- ISBN13: 9781576603253
- Condition: New
- Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
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Customer Reviews |
 Clear, informative, and a great read |
| Review Date: September 19, 2009 |
| Reviewer: BigBri, USA |
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 explanation of how emergent financial theories that originally applied to picking stock portfolios and corporate debt were later applied to consumer debt.
What makes this book stand out is Geisst's even tenor. Even when taking a position, Geisst does his best to provide a balanced account of each issue. His recommendation of a nationwide but flexible usury law is persuasive in that he appears to let the facts speak for themselves. I am glad that I picked this up, and am eager to read his other works. |
Informative book, fascinating reading
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| Review Date: October 27, 2009 |
| Reviewer: Michael J. Plourde, |
| Very informative and interesting book. What we all should know about credit in this country and these times. |
Worth the cash
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| Review Date: January 13, 2010 |
| Reviewer: M. Al-dhaen, Bahrain |
I'm still reading this, but so far I think it's worth every dollar I paid for it.
I think once I complete reading this I'll stop using my credit card |
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