PBS FRONTLINE: The Secret History of the Credit Card (2004)

The average American family today carries 8 credit cards. Credit card debt and personal bankruptcies are now at an all time high. With no legal limit on the amount of interest or fees that can be charged, credit cards have become the most profitable sector of the American banking industry: more than $30 billion in profits last year alone. FRONTLINE examines how the credit card industry became so pervasive, so lucrative, and so powerful.

IF YOU'RE EXPERIENCING PROBLEMS WITH THE VIDEO ABOVE, WATCH THE FILM FOR FREE AT THE OFFICIAL PBS WEBSITE

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on Fri, May 29 2009 · 7,425 Views
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