American Casino; The Most Dangerous Man in America
For those who ever been mystified by what the terms collateralized debt obligation or credit default swaps mean (including me most of the time), “The American Casino” will bring you up to speed. Calling upon industry experts like Professor Michael Greenberger, who was the Director of Trading and Markets at the Commodity Futures Trading Commission under Clinton, we find out that they are nothing more than crap games, hence the movie’s title. In one scene Greenberger sits at a computer terminal clinically dissecting a securitized mortgage courtesy as if it were a poorly executed counterfeit thousand dollar bill.
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