Synopsis:
A documentary on the trouble with the
American credit and debt market.
Brian's Rating: D+
: I am not a big fan of documentaries, and
this isn't even a good one. I realize that
every single one of them has an agenda and is
far from objective, but this one was too overt
in their political agenda. Its a film about
consumer debt, and left entirely out of the
information presented was the personal
responsibility of an individual to his or her
own debt. Somehow it is always the fault of
someone else. In this case, that someone is big
banking.
It did have a small interesting section where
they talked about the brokering of bad debt on
Wall Street. This was interesting because it
was made before our financial system came
crashing down on the backs of the average
taxpayer. One of the reasons for our recent
predicament was the all the easy credit and bad
debt that was brokered, and hearing this
presented before the consequence we all now know
was sort of surreal.
The Freak's
Rating: B- : In disagreement with Brian, I
do believe some documentaries can be without
agenda and leave much up to the imagination and
opinion of the viewer, see the History/Discovery
channel for reference. However, about 95%
of those that make it into video stores are
extremely opinionated and Brian is right about
this one. I want to bash some of these
people on the head for their stupidity as it
relates to credit. That said, I do believe
that some big business ethics in credit should
be questioned severely.
I
bought into credit as a freshman in college,
snagging a T-shirt for a credit card whenever I
got the chance. Hey, it meant I didn't
have to do laundry for a while, right? I
fell into credit card debt because I was never
educated on the value of it as much as I should
have been. So though I do see why some
people are ignorant on credit, I still cannot
feel that they are innocent.
The
vicious cycle that people get into with debt is
horrendous to witness and so that aspect of the
documentary I do find powerful and well done in
this documentary. As I said, the ethics of
business once people reach their credit limit
should be questioned legally and as Brian said,
are being questioned legally at this point.
It is still a worthy doc for people who enjoy
them.
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