Maxed Out Author/Director Calls on Obama to Nominate Elizabeth Warren to Head Financial Reform
Summary
She has devoted much of her life to protecting not only consumers from the abusive and deceptive practices that have become the norm in the modern financial world, but to protecting the integrity of America’s banking system as well.” Scurlock continued: “Recent statements by Federal Reserve Chairman Ben Bernanke indicate that he either does not understand the dynamics of the modern banking industry or that he feels, for some reason, that he is powerless to do anything to change them.If we allow banks to continue printing money by charging usurious interest rates and fees and if we encourage them to eschew investing in small business for gambling in huge hedge funds, we will simply reset the system that blew up three short years ago.We will also guarantee an end to the nascent economic growth we have experienced in the first half of this year, and, in my opinion, fall back into what is known as a double-dip recession.” Maxed Out is James D. Scurlock’s first feature film.If we allow banks to continue printing money by charging usurious interest rates and fees and if we encourage them to eschew investing in small business for gambling in huge hedge funds, we will simply reset the system that blew up three short years ago.We will also guarantee an end to the nascent economic growth we have experienced in the first half of this year, and, in my opinion, fall back into what is known as a double-dip recession.”Maxed Out is James D. Scurlock’s first feature film.