iTulip Interviews James Scurlock, Creator of "Maxed Out"

Eric Janszen of iTulip Interviews James Scurlock, Creator of "Maxed Out" about the what's in store for the US economy after the consumer credit bubble ends.

Category:

News & Politics

Tags:

• credit
• refinance
• debt
• financing
• housing
• bubble
• implode

[mosullivan511]

If you want freedom, then you have to take responsibility. Everyone knows these things...systemic changes, blaming, finger pointing, "debt experts" on and on and on...The truth is as long as consumers act stupid there will always be someone taking them to the cleaners. Stop acting like this is some new damn revelation. Freedom starts with personal responsibility and these videos pointing out how stupid everyone is/was solves nothing.

[itulipdotcom]

That's what Scurlock believed going into his research: the problem is stupid, irresponsible consumers. But he was wrong. Recommend you read the book and learn what he learned.

[aviomaster]

... In school we should tought Carl Marx and Friedrich Engels ideas .... combined with USA capitalism .....

[itulipdotcom]

Thanks for your note. How about Household Finance 101?

[FCRALawyerNYC]

Maxed Out should be a required movie and book for all high school students. James Scurlock for King!

[He101A]

Now, the banks want 20% down payment if you want to buy a house. I don't think most people can buy homes if they have to pay 20% down in cash. Most people simply don't have a good enough job to do it, because most of the good jobs have been out sourced. There is also another problem, inflation, the dollar is getting weaker and weaker. You will pay higher prices for everything. Gasoline will skyrocket to $4.00+ by summer, and it will go up to $5.00+ by next year(2009). Unemployment will be 30%+.

[onedollardvd]

DVD Available for a dollar that contains this clip and dozen more entitled ECONOMIC COLLAPSE.

Help wake the neighbors.

Ron

OneDollarDVDProject com

[Plectognath]

I don't think it's particularly helpful to show images which are LITERALLY associated with the words. Your viewers probably don't need obvious illustrations of everyday objects just because the speaker mentions the word.

[flamingpinhead]

they dont even teach you financial survival in college. its something you are either taught by your parents or must learn the hard way, after its too late.

[raveinabedroom]

Thats not a bad idea.

Unfortunatly no one learns anything in high school, that what collage is for.

[aggiornati]

Congress caved-in to the bankers lobby in the mid 80`s with the credit cards usurious interest rates and fees.

People were taking home equity loans to pay-off huge credit cards debt. With that source of credit gone we can predict a significant increase in credit card default rate.

[cmatrix4761]

I have to agree at least in part with mosullivan.While I would certainly coin most of the credit today as 'Predatory Lending' in its most egregious sense, the predators still have to have prey who are naive enough to fall for credit traps.

Educate yourself, advocate for consumer rights, take on the predators -- complaining in venues without claws does nothing to stop the cycle of 'slavery' (as it's become).