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Movies / Upcoming / American Casino
American Casino

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American Casino (2009)

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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 [More]

Director: Leslie Cockburn, Andrew Cockburn

Director: Leslie Cockburn, Andrew Cockburn
Studio: Argot Pictures

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Reviews for American Casino

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1 - 20 (sorted by rotten rating)
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an angry film for an angry country

Full Review Source: Filmcritic.com | comment Comment
09/02/09
Chris Cabin
Chris Cabin
Filmcritic.com

Thanks for not talking to us like idiots, but the lack of accessibility ends up turning this into a collegiate lecture.

Full Review Source: Time Out New York | comment Comment
09/02/09
David Fear
David Fear
Time Out New York

The movie's lack of Michael Moore-style dynamism has a dulling effect.

Full Review Source: New York Daily News | comment Comment
09/04/09
Elizabeth Weitzman
Elizabeth Weitzman
New York Daily News

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.

Full Review Source: Los Angeles Times | comment Comment
09/18/09
Gary Goldstein
Gary Goldstein
Los Angeles Times

This authoritative, far-reaching documentary by veteran investigative journalists Leslie and Andrew Cockburn comes off as curiously bloodless.

Full Review Source: Village Voice | comment Comment
09/01/09
Jim Ridley
Jim Ridley
Village Voice
Top Critic Icon Top Critic

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.

Full Review Source: Boston Globe | comment Comment
11/05/09
Mark Feeney
Mark Feeney
Boston Globe

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.

Full Review Source: San Francisco Chronicle | comment Comment
08/21/09
Mick LaSalle
Mick LaSalle
San Francisco Chronicle
Top Critic Icon Top Critic

The pic never completely escapes a smallscreen feel, however cogent the material.

Full Review Source: Variety | comment Comment
05/01/09
Ronnie Scheib
Ronnie Scheib
Variety

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...

Full Review Source: AV Club | comment Comment
09/03/09
Scott Tobias
Scott Tobias
AV Club

This film stands as an intimate, terrifying document that renders an incomprehensible slice of recent history in human terms.

Full Review Source: Salon.com | comment Comment
09/18/09
Andrew O'Hehir
Andrew O'Hehir
Salon.com
Top Critic Icon Top Critic

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.

Full Review Source: Slant Magazine | comment Comment
05/03/09
Bill Weber
Bill Weber
Slant Magazine

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.

Full Review Source: ColeSmithey.com | comment Comment
09/05/09
Cole Smithey
Cole Smithey
ColeSmithey.com

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.

Full Review Source: Washington Post | comment Comment
11/05/09
Dan Kois
Dan Kois
Washington Post

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.

Full Review Source: Slate | comment Comment
09/10/09
Dana Stevens
Dana Stevens
Slate

The Cockburns have finally made a movie about a nuclear disaster that actually happened -- their subject is the social ecology of financial meltdown.

Full Review Source: New Yorker | comment Comment
08/31/09
David Denby
David Denby
New Yorker
Top Critic Icon Top Critic

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.

Full Review Source: New York Magazine | comment 1 Comment
09/07/09
David Edelstein
David Edelstein
New York Magazine
Top Critic Icon Top Critic

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.

Full Review Source: Spirituality and Practice | comment Comment
09/03/09
Frederic and Mary Ann Brussat
Frederic and Mary Ann Brussat
Spirituality and Practice

It may be a little too Jack Webb for the masses, but there is value to its sober, just-the-facts approach.

Full Review Source: Philadelphia Daily News | comment Comment
10/02/09
Gary Thompson
Gary Thompson
Philadelphia Daily News

Has the feel of a quickie made-for-TV doc. It's bare bones ... but timely.

Full Review Source: Metromix.com | comment Comment
09/03/09
Geoff Berkshire
Geoff Berkshire
Metromix.com

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.

Full Review Source: Film.com | comment Comment
11/22/09
Jonathan F. Richards
Jonathan F. Richards
Film.com
 
 
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