{"product_id":"collateral-damaged-the-marketing-of-consumer-debt-to-america","title":"Collateral Damaged: The Marketing of Consumer Debt to America","description":"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.\nGeisst looks at the policy implications of the credit crisis and describes how the United States can get its fiscal house in order: Debt must be brought back onto the issuer's balance sheet. Investors must have the assurance of recourse to the debt issuer's own funds, rather than the empty promise of a valueless document. Regulators must be educated to know at least as much about financial engineering as the structured finance instruments' architects do.\nThis book connects the dots from consumer spending to credit cards to home-equity loans and back to credit cards.\u003cbr\u003eASIN: 1576603253\u003cbr\u003eVSKU: BVV.1576603253.G\u003cbr\u003eCondition: Good\u003cbr\u003eAuthor\/Artist:Geisst, Charles R.\u003cbr\u003eBinding: Hardcover\u003cbr\u003e\u003cb\u003eNote:\u003c\/b\u003e Any images shown are stock photographs and product may differ from what is shown.  \u003cbr\u003e\u003cb\u003eCondition Notes\u003c\/b\u003e: The item shows wear from consistent use, but it remains in good condition and works perfectly. All pages and cover are intact  including the dust cover, if applicable . Spine may show signs of wear. Pages may include limited notes and highlighting. May NOT include discs, access code or other supplemental materials.  \u003cbr\u003e","brand":"Blue Vase Books","offers":[{"title":"Default Title","offer_id":43124840267837,"sku":"BVV.1576603253.G","price":8.76,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0589\/4225\/9261\/files\/1576603253-0.jpg?v=1776978349","url":"https:\/\/www.bluevasebooks.com\/products\/collateral-damaged-the-marketing-of-consumer-debt-to-america","provider":"Blue Vase Books","version":"1.0","type":"link"}