Once again, the film touched on the lobbyists and power that the credit card companies have with Congress. Like I said before, I do advocate personal responsibility, but it does seem that our representatives are more influenced by big companies protecting their own interests instead of the needs of average Americans. (Duh). That's sort of depressing.
It opens with a church revival for debt. The minister talks about how, "It's hard to serve both the Master and Master card." Touche, sir.
It also features the same 1950's segment with Mr. Money that Maxed Out used. Which is pretty irresistible, including the dated line, "Do girls need to learn about this too?" Sigh.
On the college topic, they profiled a Freshman orientation where the college runs a series of seminars and fairs for students and their parents on not abusing credit cards or taking on excessive debt. It seems like more schools should do this! However, right outside the seminar were a bunch of credit card companies giving out cards to kids...um, hello! Talk about mixed messages!
Also, both of these documentaries are on Netflix streaming, so I watched them on my Wii at no extra cost. :)
Thanks for the news. I'll watch that on Netflix and check it out.
ReplyDeleteOne of the things that credit card companies are trying to do is build BRAND loyalty by being the FIRST credit card a new college student gets.
Most adults will always remember their FIRST credit card. Whether those are FOND memories remains to be known.
Still.. Credit cards are sold as a "Rite of Passage" for young college students, and many of them take the bait. I was once one of them.
Like you.. I'm doing what I can to teach people to stay away from credit cards.
Keep at it!
Haha. That's something everyone must "Discover" for herself.
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