Starting Date: 05-15-2007
Starting Time: 7:15pm
Ending Date: 05-16-2007
1727 Haight Street (at Cole Street)
San Francisco, California 94110
415-668-3994The 2007 CounterCorp Anti-Corporate Film Festival is presenting a series of pre-festival benefit screenings of the critically-acclaimed new documentary MAXED OUT, which exposes the extortion and loansharking in the organized crime syndicate known to most Americans as the credit and banking industries.
From small-town America to the White House, MAXED OUT reveals how Big Finance really works: How so-called “sub-prime” borrowers — a euphemism for the broke and bankrupt -- became the banks' “preferred customers", why (despite what they say) banks actually want you to make late payments, and why Americans are now going broke at a faster rate than during the Great Depression.
The film also looks at the personal information business, in which 90 percent of all credit reports have errors on them, but the credit companies do little to correct the situation, because negative reports mean higher interest rates — and industry profits.
And, in an echo of the current college loan scandal, MAXED OUT exposes how banks have paid millions of dollars to colleges for access to students' personal information, then entice young adults into life-long debt servitude and financial subsistence.
The film will be followed by a Q & A session with credit experts and activists. Tickets to benefit the 2007 Anti-Corporate Film Festival, Oct. 20-21 in San Francisco, are $10 and available online at virtuous.com/events/countercorp.
Geographical Scope: Metro