Maxed Out: A Financial Horror Flick

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.


maxedout.gif

Maxed Out, a new documnentary on the dark side of the debt industry, opens today in San Francisco, Los Angeles, New York, D.C., and other cities. I haven’t seen the film, which is getting good reviews, but I just reviewed the companion book written by the director, James Scurlock, in our current issue. It’s a good read—it feels wrong to describe a book like this as entertaining, but it’s a surprisingly readable look at how the financial industry is taking millions of Americans for an expensive ride. It’s packed with disturbing tidbits like this: Low credit card balances actually hurt your credit rating, and if you’re one of the lucky few who can pay off your bills each month, you’re what’s known in the biz as a “deadbeat.”

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

payment methods

We Recommend

Latest