In Debt We Trust America Before the Bubble Burst

Films for the Humanities & Sciences (Firm) (Added Author). Films Media Group (Added Author). Globalvision (Firm) (Added Author).

Summary: 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.

Record details

Physical Description: 1 streaming video file (90 min.) : sd., col.
remote
electronic resource (video)
Publisher: New York, N.Y. : Films Media Group, [2013], c2006.

Content descriptions

General Note:	Encoded with permission for digital streaming by Films Media Group on April 12, 2013. Films on Demand is distributed by Films Media Group for Films for the Humanities & Sciences, Cambridge Educational, Meridian Education, and Shopware.
Formatted Contents Note:	Introduction: In Debt We Trust (2:34) -- "Credit Card Nation" (3:31) -- Bankrupt at Twenty-one (4:04) -- Shopping Is Fun (2:03) -- College Debt Rises (1:14) -- Zero Percent Cards (1:45) -- Free Money (2:08) -- Fewer and Bigger Banks (1:24) -- Three Big Credit Bureaus (1:38) -- Credit Card Agreements (2:24) -- Debt's Effect on a Family (2:00) -- The Marketing Machine (1:07) -- Advertising Strategies (1:52) -- Credit Card Status (1:38) -- Customer Beware (2:57) -- Shop Till You Drop (2:02) -- The National Debt Clock (2:02) -- Growth of Mortgage and Credit Card Debt (1:16) -- Debt Collection (2:31) -- An Unfair Economy (1:59) -- Transformation of the Economy (0:57) -- The Real Estate Economy (1:53) -- Mortgage Debt Serfdom (1:58) -- Financial Crisis in the Wings (1:34) -- A Disillusioned Republican (1:05) -- Bankruptcy Blues (2:07) -- Fight Over Bankruptcy (3:14) -- Bankruptcy Bill (1:53) -- Disasters and Family Emergencies (2:05) -- The Politics of Credit (2:20) -- The Lobbyists Pass Their Bill (1:34) -- Bipartisan Support for Bankruptcy Bill (2:44) -- Money Talks (2:27) -- Predators At Work (3:46) -- Foreclosures Increase (1:19) -- Securitization of Mortgage Debt (1:11) -- A Transfer of Wealth (2:29) -- Payday Loan Stores Target the Military (2:29) -- What Must Be Done? (2:38) -- Demanding Economic Justice (2:20) -- A New Liberation From Debt (3:33) -- Credits: In Debt We Trust: America Before the Bubble Burst (0:56)
Restrictions on Access Note:	Access requires authentication through Films on Demand.
Target Audience Note:	10 & up.
System Details Note:	Mode of access: Internet. System requirements: FOD playback platform.
Source of Description Note:	Title from distributor's description.