Friday, March 26, 2010

Maxed Out

This movie is appropriate for the types of struggles America is facing. Maxed Out looks into how the financial system of America works. And I even understood most of it! The filmmakers explore the banking system and how it works today in comparison with 50 or 100 years ago. How credit card companies sell you on plans that are not in your best interest and why they do not want you to pay your bills on time. They also go into a collection agency to see the scare tactics used to get people to pay up. They reveal that the financial industry's best customers are the broke and bankrupt because the deeper in debt they get, the more the industry gets from them. The documentary also explains how large the financial industry's influence is over Congress and the President. They interview bankers, credit card companies, economists, those in debt, and the people harassing those in debt. I cannot remember if they give any alternatives to the current system of the rich getting richer and the poor diving headfirst into debt, but even if they did not, this documentary is one to watch.

No comments: