Tuesday, March 13, 2007

This Sounds Good

I just found out about this documentary, Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders that is currently in theaters. I'm really excited to see it. I'm sure I'll have to wait for the DVD as it doesn't seem like the kind of thing that would show in Lafayette, but I can't wait. I know a couple of debt crusaders (you know who you are) in my life who I'm sure will also want to see this.

Here is the description:

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. Summary written by James Scurlock