Sunday, January 20, 2008

Maxed Out

See this movie. It's one of the best documentaries I've seen in a long time. I don't even have any credit card debt, and parts of this movie puckered my sphincter.

We are so f**ked.

It reminds me of an important point that Atrios made a couple of months ago, the long and short of it being that people implicitly trust financial institutions more than, say, used car salesmen, but nowadays that trust is badly misplaced. Millions of people are paying dearly for assuming that Bank of America wouldn't intentionally push them to take on a loan or credit line they aren't equipped to handle.

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