Maxed Out by James Scurlock
I can remember assignments in elementary school for which we had to do book reports. I recall not being very good at them. For some reason I could never get the format for a book report down correctly. Maybe I did not understand the concept or displayed some of that ole schoolboy 揑 hate homework?mentality a bit too much then. However, since the proprietor of a website geared towards economics called Bull! (not bull) asked me to write a book review on a book I recommended to him. I had to oblige. That book (it抯 a film as well) is titled Maxed Out and its author is James Scurlock.
With the recent news of the increasing amount of defaults within the subprime lending market, it is no revelation that America is in for some rough sailing. We are in a crisis of debt in more ways than one. You only need…