Documentary ‘In Debt We Trust’ Screening on Capitol Hill, July 25

RIT financial expert Robert Manning to discuss sub-prime mortgage crisis




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America is facing the financial consequences of a “Double Bubble” where falling housing prices and bloated mortgage payments are squeezing consumers burdened with record household debt.

—Robert D. Manning, Center for Consumer Financial Services
RIT’s E. Philip Saunders College of Business

U.S. Congressman Keith Ellison and Robert Borosage of the Campaign for America’s Future are sponsoring a screening of In Debt We Trust: America Before the Bubble Bursts at 11 a.m. on Wednesday, July 25, in Room HC-8 on Capitol Hill.

The hard-hitting documentary produced by Danny Schecter, which made its nationwide premiere in Rochester at the Little Theatre on March 30, features RIT students and Robert D. Manning, a leading critic of the nation’s financial services industry and research professor and director of the Center for Consumer Financial Services at E. Philip Saunders College of Business, Rochester Institute of Technology.

“Following the documentary on Capitol Hill, I will be discussing the double financial bubble, the next phase of the sub-prime mortgage crisis that’s impacting the middle class, role of credit cards exacerbating the problem, action plan for state and municipal governments, and federal regulatory policies in the era of pre-emption,” Manning explains.

Earlier this year, Manning was interviewed by CNN host Paula Zahn for an investigative 3-part mini-series, “Debtor Nation.”

Editor’s Note: Robert D. Manning-Credit Card Industry—RIT PODCAST available at: http://www.rit.edu/news/lib/rss/podcasts/robert_manning_interview.mov