The High Cost of Debt

Summary Anthony Sampson considers the risks to financial systems of easy borrowing and the high cost of debt, and the dangers of building up huge debts on credit cards. Comparison is made between the Argentinian and American situations. The stories of four debtors are explored - a young American couple caught up in a credit card crisis; the former Secretary of the US Treasury who went bankrupt to the tune of $50 million; the President of Argentina, a country that owes more than $60 billion to the world's banks; and the biggest debtor of them all, the USA.

S1.E5 ∙ The High Cost of Debt

Directed : Unknown

Written : Unknown

Stars : Anthony Sampson

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Details

Genres : Documentary

Release date : Feb 17, 1990

Countries of origin : United Kingdom

Language : English

Production companies : Antelope Films

Summary Anthony Sampson considers the risks to financial systems of easy borrowing and the high cost of debt, and the dangers of building up huge debts on credit cards. Comparison is made between the Argentinian and American situations. The stories of four debtors are explored - a young American couple caught up in a credit card crisis; the former Secretary of the US Treasury who went bankrupt to the tune of $50 million; the President of Argentina, a country that owes more than $60 billion to the world's banks; and the biggest debtor of them all, the USA.

Details

Genres : Documentary

Release date : Feb 17, 1990

Countries of origin : United Kingdom

Language : English

Production companies : Antelope Films

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