FRONTLINE: The Secret History Of The Credit Card

by • November 26, 2010 • Society, TelevisionComments (0)1574

The average American family today carries 10 credit cards. Credit card debt and personal bankruptcies are now at an all time high, and 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.

[googlevideo]http://video.google.com/videoplay?docid=-9048007397539880204#[/googlevideo]

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