Debtland - 45 minute documentary - trailer

Watch the full film here: http://vod.journeyman.tv/s/Debtland

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Mortgages doled out to people on the breadline, loans to refugees with no English and no jobs, reams of maxed out credit cards: welcome to Debtland. But this is not America's sub-prime meltdown. We are in Australia, investigating the country's own subprime crisis, every bit as extraordinary and outrageous as America's.

Produced by ABC Australia
Distributed by Journeyman Pictures

Category:

Entertainment

Tags:

• Debt
• Crisis
• Homes
• Loans
• Mortgages
• Sub
• Prime
• Finance
• Business
• Journeyman
• Pictures
• news
• documentary
• current affairs
• journeyman
• journeyman pictures

[MrEnergyCzar]

Being in debt limits what you can do with your life.....

[b3gunkid90]

on 2.10 "why did you take out the loans" ?

Answer “because they kept on giving them to us”

well, what do you want us to do about it u stupid fat cow ! sort your life out

[justinotherguy1000]

We can blame the state that the world is in on polititians, that have sold the world to bankers. I say, we hang all polititians, past and present. And when the job is good and done, we go after the bankers. Problem solved!!!!

[antred11]

@kredit787 Nope, debt is God's way of weeding out people who are too dumb to count. Call it financial Darwinism if you will. (There are a few situations where people ended up in debt through no fault of their own, and obviously the above does not apply to them.)

[antred11]

@terry2708 Exactly right. If you don't have the money, you can't have the house. It's a pretty simple rule. If you decide to ignore the rule, take a loan and buy the house anyway you deserve everything that comes your way.

[aseireann]

why do you think they don't teach about 'debt burden' in schools?...if we knew as kids nobody would be in debt now...or a least very few of us...

[kredit787]

debt is modern financial slavery

[ashjoma]

Does anyone know what happened to this family ??

From Sydney

[Txsray]

It's sad, but I have to say that people who count too highly on credit are asking for it. I borrowed money for my first car 40 years ago and decided "never again". Since then I bought cars and even a house paying cash. I did without whatever I couldn't afford. I'm not rich now but I'm not in debt and I can sleep without worrying.

[TimeManInJail]

credit card is the modern version of the devil contract..... he he see how smart he is?

cause soul seem so instinctively protective, he gos for your life!

[conniewalker79]

Yha, but you dont see the other end, i use to work in a bank and if our customers who we were trying to give money to questioned will they be able to pay it back, i use to lie and say yes, dont worry... i said anything to get them to sign because i made a commission of off an each loaned i got them to sign...we offered mortgages to people who clearly couldnt afford, but i was trained to get them, just to do them, and not care. we didnt tell them they couldnt pay, we convinced them,

[911wikileaks]

buy the dvd....get fucked!!!