Maxed Out Movie Details America’s Pit of Debt

    “…back in the ’60s and ’70s … a lot of bankers objected to credit cards and said they were not going to give consumers the noose from which to hang themselves–that was immoral, that was unethical … They understood that people would abuse credit if given too much of it, and the banker had to fill this role of regulator. That philosophy doesn’t exist any more.”

That’s documentary filmmaker James Scurlock in a recent Newsweek interview about his film Maxed Out, which traveled around the country interviewing people who were victims of predatory lending practices, greed, and ignorance.

For many interviewees seemingly trapped by excessive usury, suicide sometimes seems the only option. Two debt-ridden ladies did exactly that…

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