Video: Secret History of the Credit Card

[Stroganoff]

http://video.google.com/videoplay?docid=-9048007397539880204


Pretty interesting video on the CC industry's roots in Sioux Falls, SD, and Wilmington, DE, and how it is getting away with increasing fees and interest rates and otherwise shafting and deceiving the consumer. Cool interviews too with both good and slimy people in charge. Use them wisely! Be a pay-in-full deadbeat and reap the rewards and convenience -- don't let yourself get shafted! (That's what student loans are for.)

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[Sol Rosenberg]

Yes, this was one of the best recent episodes of Frontline (I think it was from approx. 2 years ago.)

 

[etf]

i've always known that if i could only own one stock, it would be a bank stock. i think this video explains why. there really aren't many more profitable businesses.