Pumpkinshellz Homeschool Patch

Tuesday, June 10, 2008

Are You MAXED OUT?

Had to post once more tonight after watching the 2006 documentary MAXED OUT It was both enlightening and frightening.

Below are two clips. One is an onterview with the director and the Harvard professor. Following that is a quick "did you know" with the attorney.

So many quickly dismiss these people to their own faults- but as someone with industry experience, I can say these companies specifically marketed them along with you, as well as your college age kids. I hope you get a chance to see the whole movie.

 

 

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Wednesday, June 11, 2008 - Untitled Comment

Posted by Arby
There is, no doubt, blame to be shared equally by all parties involved, the borowers and the lenders. How many times did we sit in school, bored to tears, wondering why we had to study Shakespeare, all the while ignoring Polonius and his advice, "Neither a borrower nor a lender be?" There should be absolutely no (zero!) federal bailout of mortgage companies who fail due to the subprime lending mess. They got themselves into this problem. It's called risk for a reason. Same thing for credit card companies. Citibank is in trouble? Too bad. They can clean-up their own mess.
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Wednesday, June 11, 2008 - Untitled Comment

Posted by jsgay97
It's already on our Netflix cue. We went through the credit wringer after the dot bomb. Ugh. We grew up with the "room on your credit card equals being able to afford it" mentality. Thankfully now we just have our mortgage and student loans.
Jennifer
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About Me

Refined by Fire ~ Some days make you want to throw in the towel, and other days make you want to burn the towel with acetylene gas and a blowtorch. I am finding that my rediscovered faith (unchurched) forces me to hang the towel back up on the rack each day, because other people rely on it to be there...even if it's a little crooked. We are Libertarian family in California. ********************************************************* Y'ALL COME BACK NOW YA HEAH! Photobucket Photobucket Photobucket
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