Maxed Out Full Documentary
How credit cards impose modern slavery on the people. To give people digits on their bank account and charge interest on something that is not real, backed up by nothing except debt, never had value, does not have value and will never have value.
In Maxed Out, author/director James D. Scurlock (Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders) takes on America's debt crisis. Consequently, he touches on related issues like race, corporate malfeasance, and political subterfuge. Scurlock’s multi-media approach incorporates statistics, news excerpts, and interviews, but it's rarely dull (comedy bits from Louis CK and tunes from Queen and Coldplay don't hurt). Speakers include economic professors, debt collectors, pawn brokers, investigative reporters, beleaguered consumers, and even Robin Leach (Lifestyles of the Rich and Famous).
Instead of New York and Los Angeles, he concentrates on mid-size cities, like Minneapolis, Oklahoma City, and Seattle. Plenty of small towns also come into play. Though he never presses the point himself, Scurlock allows his subjects to note the similarities between the credit industry and the drug trade (others use such incendiary terms as "rape"). One thing he neglects to mention, however, is pride. If house payments are ruining your life, selling that property may be the only solution. In most cases, however, it's hard not to feel for those individuals who didn't know what they were getting into before they signed their lives away.
For some viewers, this will be a dispiriting documentary--three subjects recount the suicides of relatives who found their debt too much to bear--but in explaining exactly how lenders and creditors make money, Maxed Out can help others to avoid some of their most egregious practices. In other words, debt may be a downer, but knowledge is power.
Sanford Man Finds $100,000 In Attic, Starts Legal Fight
Lifehacks - How To Get A Free Personalized T-Shirt Online
Bachelorette.Com - How To Make Money On Penis Pinatas
Three Sweepstakes That Give Away Free Laptops
posted by Dmitry Davydov at 1:40 AM
1 Comments:
Fundamentally, I think the problem is really more about a lack of education. The credit card industry just highlights the fact that we're effectively pitting the functionally illiterate against ivy league educated lawyers.
I vaguely remember from law class that people have to be in a state that allows them to enter a contract. I can't remember the legalize. For instance, you can't get someone too drunk to understand what they might be signing, then that contract can't be enforced in court. Same thing with old people, no?
Imagine if a similar test applied to reading ability. What if you couldn't enter a contract unless you had the ability to read the contract. That would be interesting...
Post a Comment
<< Home