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As one of America's most popular holiday songs goes, "It's the most wonderful time of the year". Well, that may be true until those staggering credit card bills come due in January, and in some cases, for many months afterwards. Taking a critical look at the credit card industry, the television program Frontline (working jointly with The New York Times) has created this revealing investigation into the techniques used by the industry to earn record profits and also to successfully get consumers to take on more debt. Visitors can watch the program in its entirety here, and then they should definitely proceed to read "Eight Things a Credit Card Should Know", and continue on to examine a section of important interviews conducted with such persons as Senator Chris Dodd, a senior Democratic member of the Senate Banking Committee, and Walter Wriston, who served as the chairman and CEO of Citicorp/Citibank for 17 years. This very important website is rounded out by a credit card quiz, a teacher's guide, and a place to leave feedback and comments on the program.
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GEM Subject
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Date of Scout Publication 1999-11-30
Archived Scout Publication URL https://scout.wisc.edu/Reports/ScoutReport/2005/scout-050114#5

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