Maxed Out Hard Times in the Age of Easy Credit

ISBN-10: 1416532536
ISBN-13: 9781416532538
Edition: N/A
List price: $14.00 Buy it from $3.00
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Description: In this shocking and illuminating road trip through an America ravaged by debt, award-winning film director James Scurlock examines our multitrillion-dollar addiction to easy credit in all of its absurdities and contradictions. Maxed Outventures  More...

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Book details

List price: $14.00
Publisher: Scribner
Publication date: 12/26/2007
Binding: Paperback
Pages: 272
Size: 5.75" wide x 8.25" long x 0.75" tall
Weight: 0.550
Language: English

In this shocking and illuminating road trip through an America ravaged by debt, award-winning film director James Scurlock examines our multitrillion-dollar addiction to easy credit in all of its absurdities and contradictions. Maxed Outventures beyond the mind-numbing statistics to expose a financial industry spinning wildly out of control. From the gilded master-planned communities of Northern Las Vegas to the shotgun shacks of the Deep South, the world's largest financial institutions are trolling for customers, hooking the nouveau riche and the poor alike with promises of cheap and easy credit.Maxed Outexposes how Wall Street and Congress spawned the subprime mortgage crisis and reveals how credit card issuers form multimillion-dollar partnerships with universities -- paying them millions for access to their students' personal information, setting kids up for financial ruin before their first job. The industry's final frontier, "debt buying," is a veritable Wild West in which ambitious young men make quick fortunes off the misery and misfortune of others. Hilarious, fascinating, and deeply disturbing,Maxed Outis one man's answer to modern America's most pressing question, "Why can't we get out of debt?"

James Scurlock is a young investor-turned filmmaker. An entrepreneur since his sophomore year in college, James opened several successful restaurants which he later sold. He has also contributed as a freelance writer to several magazines and newspapers. He spent over two years researching and filming a documentary (also titled MAXED OUT) about the credit industry that will premiere in March at the South by Southwest Festival.

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