Description
Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders
Per its title, James D. Scurlock’s virulently angry muckraking documentary
Maxed Out
examines the many problems associated with escalating U.S. consumer
debt. Scurlock places his weightiest emphasis on the ends of the
spectrum rooted in extreme evil (read: abuse) – such as the capital
lenders who wheedle poor farm families into assuming unmanageable loans
and college students into placing massive amounts on credit cards.
He
also touches on the end rooted in extreme tragedy, such as the debtors
who sink so far in over their heads that suicide represents the only
conceivable out.
The film’s many interviewees
include: Harvard University financial analyst Elizabeth Warren (who
pontificates on the lucrativeness of high-interest mortgage banking) and
born-again Christian radio host Dave Ramsey, who offers difficult,
on-air advice to the fiscally burdened by drawing on his own experiences
as a debtor.
Tags
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