“American Casino is a powerful and shocking look at the subprime lending scandal. If you want to understand how the US financial system failed and how mortgage companies ripped off the poor, see this film.”
Joseph Stiglitz, Nobel prize-winning economist
It wasn’t just a casino. Financial companies were the house and the game was rigged. They transferred hundreds of billions to themselves before their greed and deception blew up the economy. Mortgage companies, real estate agents, appraisers, Wall Street, and many other all share in the blame.
I just saw a preview of the new documentary American Casino, which opens in New York in a few days, and I have to say that it totally blew me away. It’s deft, sophisticated, and riveting–a really impressive piece of work.
To be frank, I almost expected to be either bored to tears or blasted with overgeneralizations and conspiracy theories. Instead, what I saw was a documentary that performs a real public service.