From Democracy in Action
In recent weeks there was an unexpected market meltdown - reports of a mortgage crisis which threatens to throw as many as two million Americans out of their homes, bankruptcies by major lenders, top banks reporting billions in losses and suggestions of complicity in predatory lending by top banks and Wall Street firms.The media focus has been on the financial institutions, not the people who are about to lose their homes and savings.
In America's earliest days, there were barn-raising parties in which neighbors helped each other build up their farms. Today, in some churches, there are debt liquidation revivals in which parishioners chip in to free each other from growing credit card debts that are driving American families to bankruptcy and desperation.
IN DEBT WE TRUST is the latest film from Danny Schechter, "The News Dissector," director of the internationally distributed and award-winning WMD (Weapons of Mass Deception), an expose of the media's role in the Iraq War. The Emmy-winning former ABC News and CNN producer's new hard-hitting documentary investigates why so many Americans are being strangled by debt. It is a journalistic confrontation with what former Reagan advisor Kevin Phillips calls "Financialization"--the "powerful emergence of a debt-and-credit industrial complex."
While many Americans may be "maxing out" on credit cards, there is a deeper story: power is shifting into fewer hands.....with frightening consequences.
Check out this fact sheet and these tips
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