Monday, October 6, 2008

Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders

(now on The Movie Channel Extra)...the film shows how the modern financial industry really works...and tells us why the poor are getting poorer while the rich keep getting richer...the bare necessities, not Prada shoes, are killing American families...Maxed Out examines an industry that thrives on making people fail, then pursues them relentlessly to death's door...90 percent of credit reports—those forms that now determine whether we get a job, a home and insurance—have errors on them, yet the credit bureaus aren't doing anything to correct the situation...the credit bureaus keep a special "V.I.P." list of prominent citizens whose reports are specially cleaned up...The rich get richer and the poor get poorer...

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