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Audiobook Title:
Maxed Out: Hard Times, Easy Credit, and the Era of Predatory Lenders
By: James D. Scurlock |
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Maxed Out: Hard Times, Easy Credit, and the Era of Predatory Lenders
By:
James D. Scurlock
Audio Length:
4 hours and 59 min.
Avg. Cust. Rating:
4.12 out of 5.0
Maxed Out exposes the recent history and culture of debt for all of its absurdities and contradictions. From the gilded, master-planned communities of northern Las Vegas to America's Deep South and inner cities, the world's largest financial institutions are trolling for customers - from the nouveau riche to the poorest members of society, who counter-intuitively make for the largest profits.Another profitable group can be found in and around our nation's universities, where credit-card issuers are forming "partnerships" with colleges: paying them millions of dollars for access to their students' personal information and essentially setting kids up for financial ruin. Maxed Out examines an industry that thrives on making people fail, then pursues them relentlessly to death's door. The industry's frontier is called "debt buying" and it's a veritable Wild West in which young men are hoping to make vast fortunes off of the misery and misfortune of others. Their tool is a vast trove of personal information that can be bought for next to nothing - as well as intimidation, guilt, and fear. By turns hilarious, fascinating, and deeply disturbing, Maxed Out is ultimately one observer's answer to the question, "Why can't we get out of debt?"
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