American Casino Trailer

[TheFirstStormrider]

my question is why don't people look at the supposed "victims" who chose to buy a house they could in no way afford? when i looked into buying my first house i made sure i was able to afford it. if it sounds too good to be true, it is. i am not defending wallstreet or the mortgage people, but people need to be responsible for their own actions as well. everyone wants to point fingers and call every little problem a conspiricy.

[Sirbatch13]

@TheFirstStormrider OK honestly, if you were poor living in a s*&t hole and someone came to you and said for the same money you can live in a nice house, you wouldn't take them up on it? Most of them were even told that the loan was going to ballon in 5 years - but they were also told that it was worth the risk because all the experts were saying the prices of homes were forcasted to keep increasing and when you get some equity you'll just re-fi.

[andyissemicool]

@Sirbatch13: Yeah, but that just turns homeowners into gamblers, too. Not to mention a giant portion of these subprime loans weren't for new houses for people, but for refinancing their existing homes.

[ParallaxFilm]

Interesting controversy.

[paulsworkshop]

Hello all you victims. Would you like to get on the "right" side of the trade and be a winner for a change. The simple bet has been shorting the dollar for the past 9 months. The trend won't wash for another 6 months. Get on board and make some real money.

[pjamesbda]

@paulsworkshop - ok, I have to ask what great opportunity do you have for the people who trusted their lenders. Maybe you have another trust scam, or maybe you can show us a more inventive way to capitalize on the misery this has created. Sounds like we can all make something for doing nothing...man is this every interesting!

[1RoaringMonk]

These are the crooks - youtube search Oregon PERS and Lone Star to Cash in on Foreclosures !!!!Judges pension plan

[TR930]

They offered a house, people took them up on it. In the end, they ended up right where they started. The BIG story is that Wall Street took BIG risks and DID NOT PAY for losing those bets. It's no casino, a casino has hard and fast rules and if you lose as the House or the Gambler, YOU LOSE. What happened here is outright theft of taxpayer dollars. I think the word Extortion comes to mind. "Bail us out or we blow up the economy overnight".

[thequake180]

the US economy works like any casino in Vegas, the House (Wall Street) usually wins and eventually ends up with all the chips, and the customer goes home broke.

the casino economy can't go on forever, sooner or later the bubble implodes.

[lucasboden]

It should be called America Amway or Pyramid Scheme America

[waverly2468]

Oprah tells kids to go to college but she doesn't warn them about student loan debt. She should tell kids NOT to go to college if they have to borrow. I can't believe how expensive everything is at the Cal-State LA food court and the college bookstore. It's all designed to be a huge rip-off. I just saw this movie and it was awesome. It is a good-looking film and it must have been shot on film or very high-quality video.

[ForeignLegion2009]

I would spend over a thousand dollars per semester on books alone in College, my friends in Europe would get the exact same books for free. WTF?

[hdzsound]

america got raped

[thrillrock86]

thrillaminute1..Part 1..I see your point to a certain extent, however I do blame the system for proliferating such ignorance amongst the majority of people. In HS, they don't teach basic economics. especially personal & family economics. The only thing they teach is a very vague macro economic theory instead of micro or personal econ. which is relevant to every graduate. They teach nothing about compound interest rates, mortgages, credit cards, auto loans and so on.

[thrillrock86]

thrillaminute1..Part 2..These young uninformed & impressionable kids with a heavy dose of "Get Rich or Die Tryin" media puffery coupled with cultural cliches like The American Dream go to college with no shortage of Wall Street loan shark parasites from credit card companies to student loan firms like Sallie Mae.

[thrillrock86]

thrillaminute1..Part3..Workers have seen a decline of their living standards over the last 25 years & many sought to fill the void with home ownership hoping to make a living off the artificially inflated equity. I commend you for having common sense but don't be smug towards others.

[kunda311]

There is no one factor or group to blame... what bullshit! What about greed and the richest people on the planet? Or is it so hard to understand that greed is a mental disease and that those afflicted by it don't care about anybody or anything else but their own profit? Why is that so hard to understand?

[Kostly]

Yes. But, it's absolutely fine for the ranks at the mortgage company to push these through and close them so they can get their fat commissions KNOWING these people would be caught with their pants down sooner rather than later. Makes me fucking sick really.

[mitllibrat]

If you watch the film or do research you will find that even the housing consultants could not figure out these wildly complex mortgages-smart, professional people , esp. those of color were targeted and mislead into believing they could afford these "novelty" mortgages

[thrillrock86]

part 2....As long as we continue to do business with the oligarchy they will not only control us but also develop new schemes and new immunities to regulatory structures. They eventually did away with the Glass-Steagall Act, and there is no reason to believe they won't do the same again. I'm not against regulation, but just because bailed out Citigroup or Wells Fargo are regulated doesn't give me reason to trust them. Bring the fruits of economic activity back to Main St. & out of Wall Street.

[thrillrock86]

part 1....In 1913, the words of Andrew Mellon say's it: in a depression, assets return to their rightful owners. Thats the lesson of the Panics that the world endured in the nineteenth century and in the early twentieth century. After each of these, economic assets were ever more concentrated. The rich got richer and the poor, poorer. That being said, we need to close our accounts with Wall Streets banks & open accounts with community banks or credit unions.

[ShinOyabun]

Okay, no, no, no. Seriously you guys are talking about the mortgage deal in this trailer? What about the fact that the guy's name is Cockburn? Cock. Burn.

[mrs1m0n]

when is this movie coming out?

[thrillrock86]

It should come out later this year, it's currently playing in select theaters right now.

[tymjar]

And people at which income level do you think were making theses "bets" on the loses (suffering) of others? You can bet it was largely people with hefty incomes, the weatthy and VERY wealthy, who are the collectors on bets mortgages would not be payed. This is a class issue that gives that 1% of our economic classes (the very wealthy) ALL the advantages.

[Dostojewsky]

We need more stuff like this.

Who rules the world?

[willngross]

Sounds pretty interesting