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Source of Title Blog

Must See Movie
by Robert Franco | 2008/05/30 |

It is, perhaps, the greatest documentary I have ever seen.  It's from 2006, but I just saw it for the first time last night on ShowTime.  You really have to watch this movie - everyone should see this movie.  If you don't have ShowTime, its available on DVD.

Maxed OutMaxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders, by James Scurlock, provides an excellent perspective on what consumer debt is doing to America.  The government's solution to our economic problems has been to encourage its citizens to keep spending to spur the economy.  While cheap, easy credit has kept our economy growing, those days are coming to a close.  Americans cannot afford to continue to prop up the economy at the expense of the individual; they are maxed out. 

Source of Title Blog ::

Credit card companies love to give credit to those who can only afford to make minimum payments.... most of the time.  The occasional late payment adds late fees, over the limit fees, and jacks up the interest rate to the maximum allowed by law.  Those people will continue to pay the credit card companies for the rest of their lives.

Maxed Out is sometimes humorous and sometimes... disheartening.  You will be surprised by some of the stories that are shared.  The attitudes of those who prey on society will, or at least should, shock you.  And... the government's attitude - Keep on spending! 

Rather than try to write a review of the movie - I thought it would be better to let you see a bit for yourself.  Check out the trailer.

Here is a segment from NightLine featureing James Scurlock and Elizabeth Warren, a Harvard Law professor and one of the leading experts on bankruptcy in the United States.

And... finally, a bit of the humor from Maxed Out. Although you should be warned that there is some fowl language in this clip.

Watch the clips... then try to find the movie. It is definitely worth watching.

 Robert A. Franco
SOURCE OF TITLE




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Categories: Consumer Advocacy

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Maxed Out
Well, Thanks a lot for making me cry this weekend Robert.  I'll bet you didn't know you had such power.
I saw the movie listing a week or so before seeing your blog.  Then this weekend my husband and I watched the last half - missed the beginning.  So, later in the weekend we caught it from the beginning. 
What a tragedy.  I cried my eyes out for the two moms!  I just can't believe people take such drastic measures.  But, dire straights and fear can bring out the worst in people.  Sham on the collectors for beating these people up, who did charge up their limits.  That is true.  But then again, were they even credit worthy?  Should they even have recieved the credit card?  It seems to me the Credit Card Companies target the ones they know can't pay it back.  College students with no jobs or part time jobs have no chance to pay. 
It is a good view tho.  If the stats are true I am completely horrified and not wanting to sound like a conspiracist, I will stop here.  Defiantly a must see!!!
 
Thanks for the post because I am not sure I would have watched it otherwise. 
Clanci
 
by Clanci Nelson | 2008/06/10 | log in or register to post a reply
Source of Title Blog

Robert A. FrancoThe focus of this blog will be on sharing my thoughts and concerns related to the small title agents and abstractors. The industry has changed dramatically over the past ten years and I believe that we are just seeing the beginning. As the evolution continues, what will become of the many small independent title professionals who have long been the cornerstone of the industry?

Robert A. Franco
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