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Frontline investigation of the credit card industry, it's history, and how it's changing. What an awesome video!

http://www.pbs.org/wgbh/pages/frontline/shows/credit/view/
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Nice post, thanks for the link.

Love the guy (er, hate him?) who invented the 2% minimum and 0% "teaser" rates ...

Actually, one thing you do come away with from that video if you read between the lines, is that you *can* walk the tightrope of teaser rates for a short term, if you read the fine print and keep your nose clean.

~dswing

(wiping off nose)
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So true! Did you pick up on how he would only do the interview if they didn't identify who were his clients and were he lived?:-) I found it fascinating that those who were interviewed in the group did not know the basic stuff or would pay off their balance even if they had the money in the bank. The funny thing is that they looked at having the money in the bank as more of a risk aversion then carrying a balance on a credit card. Geese, these people need to straighten up their priorities!

kook
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