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Did anyone see this documentary? I wanted to see it for the longest time and finally did, its timing was almost prophetic as it started came out in 2006.
The documentary(and book of the same name) talks about the growing problem of debt and the accounting gimmicks credit card companies used to sell bad debt. Which is they reason they loved "bad" customers. Even if they dont pay, their debt can just be sold.
It also delved a bit into the debt problem of the country but seeing it in retrospect is great. Too bad not many people saw it.
http://en.wikipedia.org/wiki/Maxed_Out
The documentary(and book of the same name) talks about the growing problem of debt and the accounting gimmicks credit card companies used to sell bad debt. Which is they reason they loved "bad" customers. Even if they dont pay, their debt can just be sold.
It also delved a bit into the debt problem of the country but seeing it in retrospect is great. Too bad not many people saw it.
http://en.wikipedia.org/wiki/Maxed_Out
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