When Hurricane Katrina ravaged America's Gulf Coast, it laid bare an uncomfortable reality-America is not only far from the world's wealthiest nation; it is crumbling beneath a staggering ...
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Nearly 100 years after its creation, the power of the U.S. Federal Reserve has never been greater. Markets and governments around the world hold their breath in anticipation of the Fed ... See full summary »
The heads of Wall Street's biggest investment banks were summoned to an evening meeting by the US Treasury Secretary, Hank Paulson, to discuss the plight of another - Lehman Brothers. After... See full summary »
When Hurricane Katrina ravaged America's Gulf Coast, it laid bare an uncomfortable reality-America is not only far from the world's wealthiest nation; it is crumbling beneath a staggering burden of individual and government debt. Maxed Out takes us on a journey deep inside the American debt-style, where everything seems okay as long as the minimum monthly payment arrives on time. Sure, most of us may have that sinking feeling that something isn't quite right, but we're told not to worry. After all, there's always more credit! Maxed Out shows how the modern financial industry really works, explains the true definition of "preferred customer" and tells us why the poor are getting poorer and the rich getting richer. By turns hilarious and profoundly disturbing, Maxed Out paints a picture of a national nightmare which is all too real for most of us. Written by
We started with nothing, built up a portfolio of over four million dollars' worth of real estate by the time I was 26, lost it all. Because I was stupid. And so I've done stupid with zeroes on the end, I know what it looks like.
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Film needs to be widely seen by young and the poor
Extremely powerful message. Particularly the fact that credit card companies make most of their money from the people who really shouldn't have credit cards. The young and the poor who when they can't meet minimum repayments are socked with extra fees and penalty interest.
Should be shown in all high schools and colleges as a warning to the vulnerable. However given the power of the credit card company political lobby groups, this film will probably get minimal distribution and disappear.
This would be unfortunate as the message here is communicated in a clear and entertaining style.
41 of 48 people found this review helpful.
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