Wednesday, March 07, 2007

Maxed Out in theaters now

Finally, a "Super Size Me" for the credit card industry. (The companion book is subtitled " Hard Times, Easy Credit and the Era of Predatory Lenders.") I am planning to catch this this week and I'll come back with a review; check out if it's playing near you.
Salon liked it:

"..."entertaining" in a dark, paranoid, confirming-your-worst-fears sort of way. The subject in question is credit-card debt, and by interviewing scores of experts and ordinary citizens Scurlock builds a damning incremental case that the old-fashioned banking system, in which credit was extended to those who were actually likely to pay the money back, belongs to the era of cave paintings and WordStar. In case the hair-raising interest rates and oh-so-clever hidden fees on your monthly hadn't clued you in, Scurlock argues that the U.S. economy is now based on ever-increasing and unsustainable levels of debt. "

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