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Loading... Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lendersby James D. Scurlock
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Amazon.com Product Description (ISBN 141653251X, Hardcover)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." (retrieved from Amazon Fri, 24 Apr 2009 07:57:55 -0400) The first test round has been closed. Visit the Open Shelves Classification group for details. |
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To learn more about the history of lending, or about he organizations involved in AFFIL, to share your story or learn how to prtect yourself against predatory lending, I'd encourage a visit to www.americansfor fairnessinlending.org. You can also contact them at 77 Summer Street, 10th floor, Boston, MA 02110 (