In Debt We Trust. America Before the Bubble Burst

Description

In this classic program, produced two years before the financial collapse of 2008, investigative journalist Danny Schechter predicts a 1929-like stock market crash due to the large amount of personal debt carried by so many Americans, and the fact that the nation's money supply is controlled by so few. Schechter outlines the specific factors he believes will lead to economic catastrophe: predatory credit card companies that target vulnerable customers such as students, the poor, and returning war veterans; exorbitant interest rates, especially on homeowners' loans; and banking industry lobbyists who succeeded in making it harder for ordinary people to obtain bankruptcy protection. The documentary stands as a fascinating exploration of manipulative lending practices filmed at a time when the subprime-loans fiasco was just starting to make the news.

Runtime

90 min

Subjects

Geography

Genre

Date of Publication

[2013], c2006

Database

Films on Demand

Direct Link

Similar Films

The good capitalist
Money, Money, Money
Responsible Corporations? Apple, News Corp, and Google
America as a spiritual democracy. Steven Rockefeller
Naomi Klein. The rise of disaster capitalism
Moyers & Company. Suppressing the Vote
Bankers. Fixing the system. Episode 1
How to Tame Tech Giants
A video series to introduce giving voice to values. What happened? The client who fell through the cracks
Getting from Here to There. What the World's People Want
The Biofuel Myth. Harsh Realities in the Developing World
Carbon Hunters. Pollution, Profits, and Profiteering
Cross-Cultural Understanding
Privatizing government services. State budget woes
Born with a wooden spoon. Welcome to poverty U.S.A