Entering text into the input field will update the search result below

Top Ten Movies with a Financial Lesson: 3-4

May 19, 2011 5:34 AM ET
James Hartje profile picture
James Hartje's Blog
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Read full article at: stocksonwallstreet.net/featured/top-ten-...

Continuing Monday’s article “Top Ten Movies with a Financial Lesson: 5-7” below is the next set of the list, enjoy!

4.  Maxed Out. Hard times. Easy Credit. The Era of Predatory Lending (2006) – This documentary shows how the modern financial industry really works.  It explores America’s love with credit and leveraged debt and tells us why the poor are getting poorer and the rich getting richer.  When Hurricane Katrina ravaged America’s coast, it revealed that America was far from the world’s wealthiest nation.  It also highlighted America’s crumbling beneath a staggering burden of individual and government debt.  Maxed Out shows how predatory lending was out of control, including credit cards pumped to college kids who had no income.  This is a great movie.  It’ll make you feel different about your money.

Lesson:  It delivers a great lesson on how to borrow and shows why you don’t want to live on credit.  Credit is the devil.  Do you know anyone who got into trouble because they didn’t borrow too much money?  Maxed Out paints a picture of a national nightmare which is all too real for most of us – out of control spending and an irrational use of credit.


3.  Glengarry Glen Ross (1992) – Times are tough.  This is the ultimate real estate high pressure sales environment film where making money is the bottom line.  A desperate group of Chicago investment property real estate salesmen suffer in a down market, a sales contest is launched and anyone who fails loses his job.  Now that the property bubble has burst, some real estate offices may soon seem a little bit more “Glengarry”.  There’s no room for losers, only ‘closers’ will get the good sales leads.  Some regarded this film as a critique of the impact of Reaganomics.

Lesson:  Too much pressure to succeed can boil over into tragedy with unforeseen consequences.

Don’t be a stranger leave a comment below and let me know what you think or send them to my Twitter. Also remember to sign up for Stocks on Wall Street’s Monthly Newsletter.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.