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American Casino Trailer B (2009)

A second trailer for American Casino.

“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.

Trader's Screen showing ForeclosureFor 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.

Duration
1 min 46 sec

Views
7,749

Posted On
October 26, 2009
Director
Leslie Cockburn

Writer
Unknown or Not Available

Studio
Independent

Release
2009
Cast
Unknown or Not Available
Trailer Tracks
No Music Available
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<link rel="stylesheet" type="text/css" href="//cdn.traileraddict.com/css/rembed.css"><div class="outer-embed-ta"><iframe width="100%" src="//v.traileraddict.com/15312" allowfullscreen="true" webkitallowfullscreen="true" mozallowfullscreen="true" scrolling="no" class="embed-ta"></iframe></div> <p><a href="https://www.traileraddict.com/american-casino/trailer-b">Trailer B</a> for <a href="https://www.traileraddict.com/american-casino">American Casino</a> on <a href="https://www.traileraddict.com">TrailerAddict</a>.</p>
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