PBS Frontline - Secret History of the Credit Card (2004)

The average American family today carries eight 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 and The New York Times examine how the credit card industry became so pervasive, so lucrative, and so politically powerful.

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