Whether you're a fan of high finance or financial markets, it is inescapable that the most glamorous and highest end of finance is impacted and in some ways built on the lowest end of finance. Indeed anyone in finance should understand the realities of the consumer finance system - whether or not they agree with it. While the tone of this documentary is relatively critical, it carries some important messages about the sustainability of business practices. But more than that, at an individual level it shows the peril of acting financially irresponsibly , just because debt is available doesn't mean a person should use it - or that they know how to appropriately use it.
documentary investigates why so many Americans are being strangled by debt. It is a journalistic confrontation with what former Reagan advisor Kevin Phillips calls "Financialization"--the "powerful emergence of a debt-and-credit industrial complex." While many Americans may be "maxing out" on credit cards, there is a deeper story: power is shifting into fewer hands
Finance Documentaries: http://www.financedocumentaries.com/2011/06/in-debt-we-trust.html
No comments:
Post a Comment