THE DEADLIEST CARD GAME IN TOWN
Hidden fees, skyrocketing interest rates, bankrupt consumers. FRONTLINE correspondent Lowell Bergman investigates the future of the consumer loan industry amidst an ongoing battle over increased government regulation. The Card Game airs Tuesday, Nov. 24 at 9PM on PBS (check local listings).
As credit card companies face rising public anger, new regulation from Washington and a potential perfect storm of economic bad news, FRONTLINE correspondent Lowell Bergman (Secret History of the Credit Card, Black Money) examines the future of the massive consumer loan industry and its impact on a fragile national economy in The Card Game. A joint project with The New York Times, the film features industry insiders, lobbyists, politicians and consumer advocates as they square off over new regulation and the possible creation of a consumer finance protection agency.
Watch The Card Game on air and online beginning Tuesday, November 24 on PBS (check local listings) and at http://www.pbs.org/wgbh/pages/frontline/creditcards/
EXCERPT ONE - DISCLOSURE
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A card game that grantees to ruin your life, I should know I played it for over 30 years and psychologically suffered most of that time. Were talking the credit card game here and PBSs frontline has taken it on in this latest documentary about how we are pawns to those who operate and get rich in this industry.
Watching this Frontline narrative will give you an illustration of what our government is doing (or fails to do) for us, especially the right-wing who should all hang their heads in shame. I wish the left-wing who is suppose to be consumer protectors (which they pretend to be) were there to protect us, but they have joined the rights sycophants and willingly do the bidding of the LOBBY FIRMS in order to receive the dirty money (more like blood money) these cut-throats will give them (to turn a blind eye) in the form of campaign contributions.
A shell game of sorts, where the suckers, in many instances, have no idea of what is going on and how it negatively affects their well-being.
It's a sad game that cannot be won by anyone who falls into a category called LOW-INCOME. The banks and credit card companies makeup all the rules and they are always in their favor.
NO ONE, can get out of the traps they set, while they siphon off any earnings said suckers have given their blood, sweat and tears to acquire. It should be a crime because it is criminal but it is not.
Watch, learn and weep for those who get snared in THE DEADLIEST CARD GAME IN TOWN, where there is no place to turn for help. thinkingblue
Let's keep our heads, while we continue to watch THE
THEATER OF THE ABSURD!!! thinkingblue