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

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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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Films For Action is a digital library for people who want to change the world.

 

Our mission is to provide citizens with the knowledge and perspectives essential to creating a more beautiful, just, sustainable, and democratic society.

Films For Action was founded in 2006 by a few friends in Lawrence, Kansas, after realizing how essential a healthy media is to a healthy democracy.

Today, with the help of our members (who can add content directly to our site), we've curated over 5,000 of the best documentaries, short films, and videos that can be watched for free online plus several dozen pay-per-view documentaries, sorted into 34 subjects related to changing the world.

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