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Maxed out

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January 21, 2008 – Comments (9)

http://www.maxedoutmovie.com/

9 Comments – Post Your Own

#1) On January 21, 2008 at 8:44 AM, AnomaLee (28.88) wrote:

Thank you for posting that.

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#2) On January 21, 2008 at 10:15 AM, GS751 (27.55) wrote:

its about time for a move like that.

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#3) On January 21, 2008 at 10:24 AM, zygnoda (26.71) wrote:

I watched that movie last year. It was pretty good.

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#4) On January 21, 2008 at 2:19 PM, joeykid13 wrote:

Right, it is completely insane.  BankAmericard, AKA Visa comes into prominence at the same time Nixon takes us off of the Gold Standard.  There is NO such thing as middle class.  In the US, for the last 30 years, we have called poor people with good credit = Middle Class.  As their credit deteriotes, they will begin to realize that they are actually poor.  First they tapped the credit cards, then they tapped the house, now they beg for government cheese, a scared and hungry mouse.

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#5) On January 21, 2008 at 3:21 PM, abitare (58.10) wrote:

dwot, 

FYI - Jan. 21 (Bloomberg) -- Stocks tumbled from Hong Kong to Brazil, and U.S. futures posted their steepest drop since 2001, on mounting speculation the world economy is slowing and company defaults will rise.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahAjWYqO7oME&refer=home 

I guess there is not going to be a rally to increase my short position. 

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#6) On January 21, 2008 at 5:04 PM, camistocks (< 20) wrote:

Did you know that only 40% of Americans have debt? 25% don't have credit card debt at all and 30% pay off their monthly card bills immediately. Only 4% of those that are indebted owe $10'000 or more, only 1% owe $20'000 or more...

The statistical indebtedness of the American consumer is widely distorted, because it is a statistic.

read on

The gross private savings rate:

 

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#7) On January 21, 2008 at 5:39 PM, UAFOOL (64.92) wrote:

Yes, you are a woman DWOT. Sorry about that. Great timing for the maxedout movie.  UAFOOL

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#8) On January 21, 2008 at 7:14 PM, joeykid13 wrote:

Cami, you may be talking about credit card debt, but a home is now more of a liability than an asset.  With tumbling home values, many, many Americans owe more on their homes than they are worth, and have borrowed agaimnst them to control the credit card debt.  Just ask American Express, if their generally more affluent customers are falling behind.

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#9) On January 21, 2008 at 10:54 PM, dwot (97.03) wrote:

Apparently you can get the movie on DVD now.

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