Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

Marketing of Consumer Debt to America Focus of September 7 Economic Perspectives

Posted by Hopeton on September 5, 2009

Geisst_Collateral_DamagedCharles Geisst, author of COLLATERAL DAMAGED: The Marketing of Consumer Debt to America, will be the September 7 guest on Economic Perspectives.  Geisst believes today’s credit crisis  is the result of Wall Street’s orchestrated maneuvers to fuel what he calls “cannibal consumption.” In COLLATERAL DAMAGED Geisst explains how a nation of savers became a nation of consumers and how Wall Street turned Americans addiction to spending into the toxic securities that have crippled the global economy. A thorough and penetrating analysis of how the marketing of consumer debt has radically transformed global economics, COLLATERAL DAMAGED connects the dots from consumer spending, to credit cards, to home equity loans, and beyond.

Geisst is a professor of finance at Manhattan College and author of eighteen books on finance and economics.  His books include Wall Street: A History, Wheels of Fortune: The History of Speculation from Scandal to Respectability, and Undue Influence: How the Wall Street Elite Put the Financial System at Risk.  His books have been on the Wall Street Journal, BusinessWeek, and New York Times best-seller lists.


One Response to “Marketing of Consumer Debt to America Focus of September 7 Economic Perspectives”

  1. Brian said

    Great book!
    Geisst does a very good job of laying the “tea leaves” of how many Americans with the help of wall street and political influence helped to escalate the economic issue. BKM

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