Om episode
Americas Addiction to Debt As high levels of household debt look to push over 1.4 million Americans into bankruptcy in 2009, ABI Executive Director Sam Gerdano discusses consumer addiction to debt with Dr. Charles Geisst, the author of the recently published Collateral Damaged: The Marketing of Consumer Debt to America. Professor of finance at Manhattan College and author of seventeen books, Dr. Geisst extensively studies and writes about issues concerning consumer debt and finance from Wall Street to main street America. The podcast examines the history of consumer debt and what policies and proposals might be effective in reversing the current economic downturn.