an angry film for an angry country
American Casino (2009)
Tomatometer
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Reviews Counted:30
Fresh:21
Rotten:9
Average Rating:6.5/10
Consensus: American Casino presents the causes and effects of the American banking crisis with just enough clarity and rage to overcome its flaws.
Rated: Not Rated
Genre: Education/General Interest
Theatrical Release:Sep 4, 2009 Limited
Synopsis:
“I don’t think most people really understood that they were in a casino” says award-winning financial reporter Mark Pittman. “When you’re in the Street’s casino, you’ve got to play by their...
“I don’t think most people really understood that they were in a casino” says award-winning financial reporter Mark Pittman. “When you’re in the Street’s casino, you’ve got to play by their rules.” This film finally explains how and why over $8 trillion of our money vanished into the American Casino.
For chips, the casino used real people, like the ones we meet in Baltimore. These are not the heedless spendthrifts of Wall Street legend, but a high school teacher, a therapist, a minister of the church. They were sold on the American Dream as a safe investment. Too late, they discovered the truth. Cruelly, as African–Americans, they and other minorities were the prime targets for the subprime loans that powered the casino. According to the Federal Reserve, African-Americans were four times more likely than whites to be sold subprime loans.
We meet the players. A banker explains that the complex securities he designed were “fourth dimensional” and sold to “idiots.” A senior Wall Street ratings agency executive describes being ordered to “guess” the worth of billion dollar securities. A mortgage loan salesman explains how borrowers’ incomes were inflated to justify a loan. A billionaire describes how he made a massive bet that people would lose their homes and has won $500 million, so far.
Finally, as the global financial system crumbles and outraged but impotent lawmakers fume at Wall Street titans, we see the casino’s endgame: Riverside, California a foreclosure wasteland given over to colonies of rats and methamphetamine labs, where disease-bearing mosquitoes breed in their millions on the stagnant swimming pools of yesterday’s dreams.
Filmed over twelve months in 2008, American Casino takes you inside a game that our grandchildren never wanted to play.--© Official Site
Director: Leslie Cockburn, Andrew Cockburn
Director: Leslie Cockburn, Andrew Cockburn
Studio: Argot Pictures
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Reviews for American Casino
Thanks for not talking to us like idiots, but the lack of accessibility ends up turning this into a collegiate lecture.
The movie's lack of Michael Moore-style dynamism has a dulling effect.
A lopsided, visually uninspired film that works best when it eschews the complex numbers-crunching of its financial industry pundits and whistle-blowers to profile the everyday victims of the crisis.
This authoritative, far-reaching documentary by veteran investigative journalists Leslie and Andrew Cockburn comes off as curiously bloodless.
Much of the final two-thirds of the documentary can have a TV newsmagazine feel: solidly presented, but not shaped to a larger end. As self-righteousness sets in, however justified, so does a certain artistic slackness.
The film is designed for the public, but because it's made up of interviews with financial insiders -- and financial insiders talk like experts, not like high school economics teachers -- some of this information may be difficult for lay people to follow.
The pic never completely escapes a smallscreen feel, however cogent the material.
The film doesn’t come to life until too late in the game, when it takes the original tack of exploring the housing crisis through abandoned backyard swimming pools...
This film stands as an intimate, terrifying document that renders an incomprehensible slice of recent history in human terms.
A revelatory howl against the still-gestating, $8 trillion-and-counting financial-services industry bailout, American Casino follows the money that changed hands, or account columns, at every step of the subprime home-loan scam.
Essential viewing for understanding how banks systematically targeted low income groups in over-leveraged mortgage lending practices that led to a catastrophic economic collapse, "American Casino" is still a far from perfect documentary.
As Leslie Cockburn's camera roams the foreclosed rowhouses of Baltimore, their planked-up doors reminiscent of shots from The Wire, I thought: Baltimore needs some good PR.
As the Cockburns interview exterminators and local police about the rats' nests and meth labs that tend to proliferate in foreclosed homes, the corruption metaphor is like something out of a Nathanael West novel.
The Cockburns have finally made a movie about a nuclear disaster that actually happened -- their subject is the social ecology of financial meltdown.
You'll never hear an economist explain derivatives again without thinking of the woman who walks away from the camera, weeping, as her mortgage broker refuses her check, or children's dolls splayed out on the floors of empty homes.
A riveting and multidimensional examination of the subprime mortgage meltdown and its devastating impact on homeowners from poor African-Americans to wealthy Californians with swimming pools.
It may be a little too Jack Webb for the masses, but there is value to its sober, just-the-facts approach.
Has the feel of a quickie made-for-TV doc. It's bare bones ... but timely.
The Cockburns paint a picture of a financial world devoid of morality and scruples, a culture in which reckless disregard of reason and caution led to a towering house of cards that could only come crashing down.
Latest News for American Casino
October 25, 2009:
Trailer & Poster review ![]()
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September 03, 2009:
Expose' asks what happend with economic crisis. ![]()
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