The Baltimore Sun ran an article today about the recently released documentary American Casino which spotlights the shocking story of the subprime lending scandal, the U.S. financial system failure and how mortgage companies ripped off the poor. The filmmakers selected Baltimore as the setting to tell the story.
In a remarkable yet apparently unintentional contrast, The Baltimore Sun runs another story in the same paper about how Maryland slots commissioners signaled Thursday that they are prepared to approve a license for a casino near Arundel Mills mall, a project that would be the state’s largest gambling venue.
Predatory gambling like casinos and lotteries are no less predatory than the subprime lenders except the only difference is the predatory gambling operators give state and local government a cut of the profits. It’s another kind of Bernie Madoff-something-for-nothing scheme.
The question for all the Maryland public officials promoting predatory gambling is this: Why do you think they called the movie American Casino?