The wife and I took some time last night, upon recommendation from friends, to check out a little doc called “Maxed Out,” a passionate, compassionate documentary whose central premise is that the nation’s largest banks are making the majority of their money from identifying bad credit risks, targeting them, waiting for them to screw up, and bleeding them way past dry.
My “favorite” segment was the story of the mentally impaired man who was gently ushered through signing on the dotted line for a high-interest loan they told him he needed for his mother. Citibank: if there’s a hell below… see you there, you bums.
[Edit, Friday afternoon: The really sharp Google video version that was here seems to be gone... there's a lower-quality google version still kicking around, with subtitles en Espanol -- I have it linked at my tumblr page.]
