Global Business and Financial News, Stock Quotes, and Market Data and Analysis. typeof mps._gptfirst == "function" && mps._gptfirst(adunit, slotid); The company targeted people who couldn't afford a down payment and had poor credit?so-called "sub-prime borrowers." Watch CNBC: House of Cards : return ''; var slotid = "mps-getad-" + adunit.replace(/\W/g, ""); House of Cards: With David Faber, Alan Greenspan, Joe Dunckley, Barbara Dunkley. document.cookie = "__adblocker=" + (adblocker ? script.setAttribute("async", true); return ''; mps._queue.mpsloaded.push(function(){ 'cag[configuration_franchise]' : 'CNBC: News Releases' , CONTENT_SELECTION_AND_MEASUREMENT: 7, var mpscall = { Help others learn more about this product by uploading a video! See how the American dream became a nightmare. })(); mps.__timer = Date.now ? How are ratings calculated?Toggle ExpandToggle Expand. document.getElementsByTagName("head")[0].appendChild(script); Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower, CNBC ORIGINAL DOCUMENTARY "HOUSE OF CARDS" UNCOVERS THE REASONS BEHIND THE GREATEST FINANCIAL COLLAPSE SINCE THE GREAT DEPRESSION. Published 5:22 PM ET Thu, 12 Feb 2009 Updated 11:43 AM ET Thu, 5 Aug 2010 CNBC.com "Houses of Cards," a CNBC original documentary about the credit crisis, premieres Thursday night at 8 PM and . var mpscall = { Reviewed in the United States on January 17, 2014. mpsload.id = "mps-load"; Customer Reviews, including Product Star Ratings help customers to learn more about the product and decide whether it is the right product for them. Trailer: Pain. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/. mps._adsheld.push(adunit) Most of what preceded the credit meltdown, which started in September 2007, happened under his watch, and in Fabers interview, Greenspan admits that even he couldnt explain collateralized debt obligations and he had a couple of hundred Ph.D.s on staff. Site content may be used for any purpose without explicit permission unless otherwise specified. Monday, February 16th 8p | 12a ET head.insertBefore(mpsload, head.firstChild) 'keywords' : '~' , window.location.href = `/opt-in-check?pub_referrer=${encodeURIComponent(url)}`; Just one month later, then-Federal Reserve Chairman Alan Greenspan encouraged the mortgage industry to come up with new kinds of loans so even more people could buy homes. const matches = oneTrustCookie.match(COOKIE_REGEX); function getOneTrustCookie() { if (typeof mps.getAd != "function") mps.getAd = function(adunit) { } James Segelstein is senior producer. const blockedCategories = decodeURIComponent(matches[1]) {"@context": "https://schema.org","@type": "NewsArticle","description": "HOW DID IT HAPPEN AND WHY DID THIS HOUSE OF CARDS COME TUMBLING DOWN?Two-hour Documentary Reported by CNBC's David Faber Premieres on CNBC on Thursday, February 12th at 8PM & 12AM ET","mainEntityOfPage": "https://www.cnbc.com/id/28984151","headline": "CNBC ORIGINAL DOCUMENTARY "HOUSE OF CARDS" UNCOVERS THE REASONS BEHIND THE GREATEST FINANCIAL COLLAPSE SINCE THE GREAT DEPRESSION","dateCreated": "2009-02-02T19:04:18-0500","datePublished": "2009-02-02T19:04:18-0500","dateModified": "2010-08-05T11:36:59-0400","author": {"@type": "Person","name": "Jennifer Dauble"},"publisher": {"@type": "Organization","name": "CNBC","logo": {"@type": "ImageObject","url": "https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/cnbc-logo-amp.png","width": 360,"height": 60}},"image":{"@type": "ImageObject","url": "https://sc.cnbcfm.com/applications/cnbc.com/resources/img/editorial/2015/03/30/102546467-Most-Popular--Image-Placeholder-Large.720x405.jpg","width": 720,"height": 405},"thumbnailUrl": "https://sc.cnbcfm.com/applications/cnbc.com/resources/img/editorial/2015/03/30/102546467-Most-Popular--Image-Placeholder-Large.720x405.jpg","articleSection": "CNBC feeds","url": "https://www.cnbc.com/id/28984151","keywords": ["Articles","CNBC feeds","CNBC Information and Policies","CNBC: News Releases","source:tagname:CNBC US Source"]} if (!mps._ext || !mps._ext.loaded) { "host" : 'mps.cnbc.com', In this CNBC Original, correspondent Carl Quintanilla takes you inside the ''West Point of capitalism'' as it commemorates its centennial. return _regex.test(_qs); } if (document.cookie.length > 0) { mps._queue.adclone = mps._queue.adclone || []; .filter(categoryPreference => !categoryPreference.includes('0_') && categoryPreference.includes(':0')) 'cag[device]' : 'web' , let cEnd = document.cookie.indexOf(';', cStart); mps._ext = mps._ext || {}; : You'll see the sport's greatest successes, biggest misses and the resulting challenges and how even in this tough economy, Thoroughbreds are big business. }); script.setAttribute("onerror", "setAdblockerCookie(true);"); 'type' : 'mobile: pressrelease' , His business was to pool mortgages and sell them to investors who would then get the monthly payments those mortgages produced. Scan this QR code to download the app now. d.setTime(d.getTime() + 60 * 60 * 24 * 30 * 1000); Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. Redirecting. 'site' : 'cnbc.com-relaunch' , return false; const EEA_REGION_COUNTRY_CODES = ['AT', 'BE', 'BG', 'HR', 'CY', 'CZ', 'DK', 'EE', 'FI', 'FR', 'DE', 'GR', 'HU', 'IS', 'IE', 'IT', 'LV', 'LI', 'LT', 'LU', 'MT', 'NL', 'NO', 'PL', 'PT', 'RO', 'SK', 'SI', 'ES', 'SE', 'CH', 'TR', 'GB']; var CNBC_Premium = CNBC_Premium || {}; mps._queue.adview = mps._queue.adview || []; David Faber is excellent in providing a clear path thru the complex perfect storm of events that nearly destroyed our financial system. 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This content was created by a Daily Kos Community member. } if (cStart !== -1) { CONTENT_SELECTION_AND_MEASUREMENT: 7, if (typeof window === 'undefined') return; Got a confidential news tip? January 25, 2008 / 12:51 PM / CBS. A Division of NBCUniversal. , Number of discs }); }, mpsopts = { // var CNBC_MPS_FRANCHISE_TAG='cnbc__news_releases'; New subscribers only. 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You should be able to identify at least 5 players. http://biz.thestar.com.my/ Looks like PBS has got its Investigative Team in gear too: FrontLine: Inside the Meltdown SOCIAL_MEDIA: 8 const COOKIE_REGEX = /groups=([^&]*)/; } Streaming Library with tons of TV episodes and movies. blah blah blah. }; console.log('PUB-GDPR-CHECK oneTrustCookie: ', oneTrustCookie); Full content visible, double tap to read brief content. As the U.S. government tried to revive the economy by repeatedly dropping interest rates, families lunged at the opportunity to refinance their mortgages. This was CNBC's live blog tracking developments on the war in Ukraine on April 26, 2023. mps._queue.refreshads = mps._queue.refreshads || []; Any free trials valid for new and eligible returning subscribers only. 'hline' : 'Mad Money' , 'pubdate' : '1233619458' , '); The unfortunate thing that grew out of that was a program that was a very inappropriate loan program for a lot of people that took it," he said. " Reviewed in the United States on March 7, 2015. 'cag[type_creator]' : 'Tom Brennan' , Cancel anytime. var mps = mps || {}; mps.response.dart.adunits[i].data = '
'; The program had a name only a banker could love: the pay option negative amortization adjustable rate mortgage. It was designed to help first-time homebuyers who couldnt actually afford the cost of the loan. 'title' : 'CNBC ORIGINAL DOCUMENTARY "HOUSE OF CARDS" UNCOVERS THE REASONS BEHIND THE GREATEST FINANCIAL COLLAPSE SINCE THE GREAT DEPRESSION' , CNBC correspondent David Faber investigates the origins of the global economic crisis, with first person accounts from home buyers, mortgage brokers, investment bankers and investors most of whom let greed blind them, leading to the greatest financial collapse since the Great Depression. } 'stitle' : 'Watch CNBCs House of Cards Thursday Night' , .map(categoryPreference => parseInt(categoryPreference.split(':')[0], 10)); And beyond the villains, find out who the heroes were as this crisis unfolded. 'template' : 'story' , , Media Format mps._adsheld.push(adunit) } }); }; Their commentators are ignorant morons who contribute to every bubble on the way up and act blameless on the way down. s.src = "https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/03/28/VisitorAPI.js"; var _regex = /([^=&/<>()[].,;:s@"]+(.[^=&/<>()[].,;:s@"]+)*)@(([[0-9]{1,3}.[0-9]{1,3}.[0-9]{1,3}.[0-9]{1,3}])|(([a-zA-Z-0-9]+. I honestly think he also thought the gravy train would never end. const oneTrustCookie = getOneTrustCookie(); The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. 'title' : 'Watch CNBC’s ‘House of Cards’ Thursday Night' , mps.__intcode = "v2"; We want to hear from you. mps.insertAd("#" + slotid, adunit) var s = document.createElement("script"), el = document.getElementsByTagName("script")[0]; if (mps.response && mps.response.dart && typeof(mps.response.dart.adunits) === 'object') { } Documentary Review: House of Cards. } (function() { Privacy Policy. FrontLine explored the subject Daily Kos moves in solidarity with the Black community. mps._urlContainsEmail = function() { Reported by Scott Wapner. 'cag[brand]' : 'none' , All Rights Reserved. Since last summer, Americans have seen their investments shrink and their . You are about to exit Hulu.com to visit the Shop Hulu site, where a different Terms of Use and Privacy Policy apply. Award-winning correspondent David Faber investigates the defining story of our time. Here is a good review of the House of Cards documentary: "House of Cards" explains how economy crumbled if (cEnd === -1) { } What is the broadcast (satellite or terrestrial TV) release date of House of Cards (2009) in Australia? "true" : "false") + "; expires=" + d.toUTCString() + "; path=/"; Trailer: Cleave. ''House of Cards'' is a fascinating two-hour documentary, told through riveting first-person accounts from Wall Street insiders, aggressive lenders, desperate homeowners, and former Federal Reserve Chairman Alan Greenspan. mps._queue.gptloaded.push(function() { The two-hour broadcast deftly . Mayor Karen Kuvaas and Narvik's other town leaders hoped to become "great heroes" by reaping the income from financial ventures they believed were safe. Two-hour Documentary Reported by CNBC's David Faber Premieres on CNBC on Thursday, February 12th at 8PM & 12AM ET, ENGLEWOOD CLIFFS, N.J., January 27, 2009 . )+[a-zA-Z]{2,}))/; // mps._queue = mps._queue || {}; They didn't go in to the government involvement as much as I would like.Barney Frank and his policies did more to destroy the financial lives of more people than any loan company or S&L combined. Date.now() : (function() { return +new Date })(); mps.scodePath="//fm.cnbc.com/applications/cnbc.com/staticcontent/scripts/omniture/s_code.js?v=1.6.4.1"; For more information including web extras and extended video clips, log onto originals.cnbc.com.About CNBC:CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. }).catch(() => {}); ;NREUM.info={beacon:"bam.nr-data.net",errorBeacon:"bam.nr-data.net",licenseKey:"356631dc7f",applicationID:"230538944",sa:1} return '' All Credit Cards. mps._queue.mpsinit = mps._queue.mpsinit || []; var dynamic_yield_enabled = 1 } They expose the Problems that still yet need to be resolved, one way or another. script.setAttribute("onerror", "setAdblockerCookie(true);"); Wall Street began to consume risky mortgages and turn them into products they could sell to hungry foreign investors. } I just finished watching the CNBC documentary House of Cards (hat tip to Gregg for pointing it out to me). Monthly price. CNBC Originals are the best of the best in non-fiction feature programming, focusing on the business community's biggest stories. mps._queue.mpsloaded = mps._queue.mpsloaded || []; 'stitle' : 'CNBC ORIGINAL DOCUMENTARY "HOUSE OF CARDS" UNCOVERS THE REASONS BEHIND THE GREATEST FINANCIAL COLLAPSE SINCE THE GREAT DEPRESSION' , 'content_id' : '29167221' , document.getElementsByTagName('meta')['tp:PreferredRuntimes'].setAttribute("content", "flash,html5"); My purchase of this item was to use it in a class I was teaching on White Collar Crime. It's the defining story of our time.how the American dream became a nightmare. ', window.location); // check for region and redirect if country is in EEARegion } 'pubdate' : '1234477348' , if (typeof adunit != "string") return false; It's a world of opportunity, opulence, and overwhelming pressure to give back to the community. A new book, "House Of Cards" is out and it's a riveting read documenting a minute-by-minute account of ten of the most fascinating days in American history - the ten days in . }; Save your data and watch offline. Cramer interviewed David Faber, host of the program, to find out what . Question: House of Cards documentary CNBC: After reviewing the Documentary determine who were players involved in the financial collapse. Best Sellers Rank: #203,297 in Movies & TV ( See Top 100 in Movies & TV) #10,509 in Documentary (Movies & TV) By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. window._mpspixZ = (function(a){var b="abcdefghiklmnopqrstuvwxyz".split("");a||(a=Math.floor(Math.random()*b.length));for(var c="",d=0;d