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Strategies & Market Trends : Aardvark Adventures
DAVE 207.00-1.5%Dec 5 9:30 AM EST
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From: ~digs11/30/2006 11:07:25 PM
   of 7944
 
new to PBS Frontline is this damning report on the conniving credit card industry...

In "Secret History of the Credit Card," FRONTLINE® and The New York Times join forces to investigate an industry few Americans fully understand. In this one-hour report, correspondent Lowell Bergman uncovers the techniques used by the industry to earn record profits and get consumers to take on more debt."The almost magical convenience of plastic money is critical to our famously compulsive consumer economy," Bergman says. "With more than 641 million credit cards in circulation and accounting for an estimated $1.5 trillion of consumer spending, the U.S. economy has clearly gone plastic."
pbs.org

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