Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders
James D. Scurlock
Mar 2007 · Simon and Schuster
4.0star
3 reviewsreport
Ebook
256
Pages
family_home
Eligible
info
reportRatings and reviews aren’t verified Learn More
About this ebook
Foreclosures are hitting record highs; Americans are declaring bankruptcy at rates ten times that during the great Depression; more college students drop out because of debts than due to poor grades; reports of debtor suicides proliferate in the media. In other words, it's a great time to be in the banking business.
Maxed Out takes us on a road trip that is sometimes hysterical and often horrifying: from Las Vegas to the Bible Belt, from the backwoods to inner cities, where the world's largest financial giants troll for their next victims. Welcome to a country populated by debt pirates, corporate predators, human credit card billboards, debt evangelists, megamillion-dollar spec homes, and, of course, trillions of dollars of easy credit.
Combining startling facts with even more startling examinations of individuals, institutions, the government, and modern religion, James Scurlock separates the myths (there is "good debt" and "bad debt") from the harsh reality (corporations partner with colleges to target today's youth; credit reports are riddled with errors that will never be fixed; and death, for many of those in trouble, is the only way out).
At a time when the financial industry posts ever-higher profits even as its clients drown in the flood of easy credit, Scurlock exposes very real, potentially disastrous systems and policies that are consuming millions of Americans. Maxed Out takes readers on a wickedly smart and entertaining tour of what one interviewee calls "the last taboo."
Maxed Out takes us on a road trip that is sometimes hysterical and often horrifying: from Las Vegas to the Bible Belt, from the backwoods to inner cities, where the world's largest financial giants troll for their next victims. Welcome to a country populated by debt pirates, corporate predators, human credit card billboards, debt evangelists, megamillion-dollar spec homes, and, of course, trillions of dollars of easy credit.
Combining startling facts with even more startling examinations of individuals, institutions, the government, and modern religion, James Scurlock separates the myths (there is "good debt" and "bad debt") from the harsh reality (corporations partner with colleges to target today's youth; credit reports are riddled with errors that will never be fixed; and death, for many of those in trouble, is the only way out).
At a time when the financial industry posts ever-higher profits even as its clients drown in the flood of easy credit, Scurlock exposes very real, potentially disastrous systems and policies that are consuming millions of Americans. Maxed Out takes readers on a wickedly smart and entertaining tour of what one interviewee calls "the last taboo."
Ratings and reviews
4.0
3 reviews
A Google user
- Flag inappropriate
January 28, 2008
I haven't even finished reading it yet but I can say that this book is totally awesome. It may appear a book about credit would be boring but Scurlock keeps you engrossed especially if you are young, this book is a learning experience and an eye-opener. AWESOME!!!
About the author
James D. Scurlock studied at the Wharton School of Business at the University of Pennsylvania before dropping out to pursue an entrepreneurial venture and later a documentary film career. His first film, Parents of the Year, won numerous awards and was an official selection of more than twenty-five film festivals. His first feature-length documentary, Maxed Out, explored our culture of debt and won the Special Jury Prize at South by Southwest. His first book, a companion to the award-winning documentary, was nominated for the National MS Society's "Books for a Better Life" Award. He has written, primarily about the impending (and now realized) financial crisis, for Slate, Newsweek, The Huffington Post, and AARP Magazine, among others. He has also appeared on numerous programs, including Nightline, The Today Show, and CNBC’s Power Lunch. Scurlock lives in Santa Monica, California.
Rate this ebook
Tell us what you think.
Reading information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can listen to audiobooks purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Center instructions to transfer the files to supported eReaders.
