Some time ago, we wrote about the movie Maxed Out and how it had exposed the seedy underbelly of the consumer credit industry in the United States.
Since that time, various governmental agencies and committees have conducted hearings and issued reports affirming this basic principle: Debt is a growing problem in the United States. The practices of the consumer credit industry are, without question, a part of the problem.
Mainstream media outlets such as 20/20 and PBS NOW have recently produced shows on aspects of this problem, and Harvard Law Professor Elizabeth Warren, an expert on consumer debt, is becoming a familiar face. Maxed Out helped turn that spotlight on the debt problem.
At long last, the movie is appearing in selected theaters across the country.
Tags: bankruptcy, consumer credit, credit card debt, credit cards, credit industry, credit problems, Maxed Out
This entry was posted on Monday, March 5th, 2007 at 8:38 am and is filed under Economic News: How Are We Doing?. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.