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Annotation 9 - Assignment Example

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Beth Naef, the most successful investor in the real estate business provides a tour of his more than five million dollars-house to the audience at the beginning of the Maxed Out. Wine cellars, massive kitchens, and elevators form important elements for her clients. Beth Naïf…
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Annotation 9
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Annotation 9

Download file to see previous pages... The ravaging of the American Gulf coast by the Hurricane Katrina revealed that the United States survives on both government and individual debt.
The nation continues to crumble under the two types of debts. The Maxed Out movie unearths the American debt-format. In this case, each person is comfortable provided he or receives his or her minimum salary in time. Availability of credit eliminates worries among people even those with meager pays. Maxed Out highlights ways through which the modern financial sector works in details. Analysis of the video gives an in-depth definition of preferred customer in addition to explaining reasons behind the poor getting poorer while the rich continue growing richer. It is thoughtfully disturbing and hilarious at the same time painting the actual picture of a national nightmare extremely for people to comprehend.
The debt in the mortgage industry resulted to the credit crisis. People came to understand this problem after it started taking a toll on them. Watching the movie about its occurrence brought forth visualization of the problem in a clear way. Using the same video to enlighten the public was advantageous because it was easy to for it to go viral. The advancements in technology improve the speed and the efficiency with which the producers of such information communicate it to the intended audiences. The method is approachable making the delivery of the content effective.
The Crisis of Credit animated video is the most in-depth analysis of the financial crush that led to citizens losing money to the tune of trillions of dollars. The video filters the economic crisis into a story that is short and simple to understand because it gives it form. Crisis of Credit is fractional banking. Fractional banking is problematic because the system makes sure that cash is always not as valuable as alternative means of doing business. Equity in value is likely to result to a ...Download file to see next pagesRead More
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