Now up to six members of your household can have separate profiles so that favorites and recommendations are unique to each viewer. CNBC Special Report: House of Cards An in-depth look at the housing bust that has upended the American dream. Watch on your favorite devices, including TV, laptop, phone, or tablet. } Pricing, channels, features, content, and compatible devices subject to change. 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]+. , Release date Get this delivered to your inbox, and more info about our products and services. })(); Language : Unqualified. They expose the Problems that still yet need to be resolved, one way or another. 'cag[related_primary]' : 'Citigroup Inc|Morgan Stanley' , 'keywords' : '~' , 'byline' : 'Tom Brennan' , ', window.location); const blockedCategories = decodeURIComponent(matches[1]) function isOneTrustAnyBlocked() { } Unfortunately the presentation was biased beyond belief blaming the whole collapse of the mortgage system on George W. Bush. 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 - It's the defining story of our time . } }); and our cEnd = document.cookie.length; // mps._adsheld = []; Reviewed in the United States on January 17, 2014. return ''; 'hline' : 'CNBC: News Releases' , '); return false; }); const matches = oneTrustCookie.match(COOKIE_REGEX); if (result && result.geo && result.geo.country_code) { 'type' : 'blogpost' , 'title' : 'Watch CNBC’s ‘House of Cards’ Thursday Night' , http://www.denverpost.com/ Countries that "invested" in this Toxic creations of Wall Street (CDO, CMO, CDS) are taking notice too: Mystique of global crisis unravelled As someone who had researched the subject before seeing this presentation, I was well aware of the fact that this financial disaster went back to the Carter Administration and was pushed through Congress by Cong.Barney Frank, Sen. Chris Dodd and others who believed that everyone had a right to home ownership, even if they could not afford it or worked for it. } }; Get a rare look at the company that hundreds of millions of people touch every day. script.setAttribute("src", "//www.npttech.com/advertising.js"); It's the defining story of our time.how the American dream became a nightmare. } })(); return Object.values(OneTrustCategories).filter((c) => blockedCategories.includes(c)).length > 0; Posted: 02/10/2009 then all the text fades except the words which form the opening title: House of Cards, Sign in to rate and Watchlist for personalized recommendations. return; }, mpsopts = { What is "Moral Hazard"? Unable to add item to List. } 'subtype' : 'news_show' , With no shortage of eager borrowers, business was booming and Quick Loan made millions of dollars. mps.__timer = Date.now ? Faber follows the story from mortgage broker to homeowner, brokers to ratings agencies and all the way to former Federal Reserve Chairman Alan Greenspan. //end OneTrust Redirect mpsload.src = "//" + mpsopts.host + "/fetch/ext/load-" + mpscall.site + ".js?nowrite=2"; By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Please note that the Shop Hulu site is owned and operated by Snowcommerce. Best Rewards Credit Cards. cStart = cStart + name.length + 1; })(); By Joanne Ostrow Sunday, March 1st Midnight ET mps._urlContainsEmail = function() { In 2004, in the midst of the housing boom, President George Bush had a chance to do a little bragging in his State of the Union Address. const oneTrustCookie = getOneTrustCookie(); Save your data and watch offline. console.log('PUB-GDPR-CHECK Blocked Categories: ', blockedCategories); A generation of self-made, young, black multimillionaires is emerging from sports, media, and entertainment to live the American Dream. This real explains the crash of 2008 and the housing bubble. $14.99/mo. el.parentNode.insertBefore(s, el); 'is_sponsored' : '0' , const OneTrustCategories = { !e;this.xhrGuids&&this.xhrGuids[n]&&(delete this.xhrGuids[n],this.totalCbs-=1)}),f.on("addEventListener-end",function(t,e){e instanceof m&&"load"===t[0]&&f.emit("xhr-load-added",[t[1],t[2]],e)}),f.on("removeEventListener-end",function(t,e){e instanceof m&&"load"===t[0]&&f.emit("xhr-load-removed",[t[1],t[2]],e)}),f.on("fn-start",function(t,e,n){e instanceof m&&("onload"===n&&(this.onload=!0),("load"===(t[0]&&t[0].type)||this.onload)&&(this.xhrCbStart=a.now()))}),f.on("fn-end",function(t,e){this.xhrCbStart&&f.emit("xhr-cb-time",[a.now()-this.xhrCbStart,this.onload,e],e)})}},{}],16:[function(t,e,n){e.exports=function(t){var e=document.createElement("a"),n=window.location,r={};e.href=t,r.port=e.port;var o=e.href.split("://");!r.port&&o[1]&&(r.port=o[1].split("/")[0].split("@").pop().split(":")[1]),r.port&&"0"!==r.port||(r.port="https"===o[0]? console.log('PUB-GDPR-CHECK oneTrustCookie: ', oneTrustCookie); 'is_content' : '1' , Best Balance Transfer Credit Cards. In this CNBC Original, Carl Quintanilla reveals how products reach Oprah, the people behind the brands she highlights; and just how successful she makes them. return Object.values(OneTrustCategories).filter((c) => blockedCategories.includes(c)).length > 0; "true" : "false") + "; expires=" + d.toUTCString() + "; path=/"; (function() { But I do care about fixing the Mortgage Mess -- and getting it Right this time. 'cag[type_source]' : 'CNBC US Source' , House of Cards: Season 1 (Recap) Trailer: Lift the Veil. A good history lesson on greed and stupidity, Reviewed in the United States on March 3, 2015. console.log('PUB-GDPR-CHECK all blocked. You should be able to identify at least 5 players. Stay current with additional news, entertainment, and lifestyle programming from American Heroes Channel, BET Her, Boomerang, CNBC World, Cooking Channel, Crime + Investigation, Destination America, Discovery Family, Discovery Life, Magnolia Network, Military History Channel, MTV2, MTV Classic, Nick Toons,Science, and Teen Nick. Your recently viewed items and featured recommendations. With Kevin Spacey, Robin Wright, Kate Mara, Michael Kelly. return true; Best Credit Cards. }); CNBC investigates the causes of the 2007 financial crisis by examining the roles of mortgage lenders and Wall Street financiers in the disaster.CNBC investigates the causes of the 2007 financial crisis by examining the roles of mortgage lenders and Wall Street financiers in the disaster.CNBC investigates the causes of the 2007 financial crisis by examining the roles of mortgage lenders and Wall Street financiers in the disaster. Number of permitted concurrent streams will vary based on the terms of your subscription. )+[a-zA-Z]{2,}))/; My purchase of this item was to use it in a class I was teaching on White Collar Crime. } 'subtype' : 'section' , Collectively, the investment firms involved manage a combined $62.3 billion in assets, according to Crunchbase figures. Since last summer, Americans have seen their investments shrink and their . Chronicles the sub-prime mortgage lending debacle in America on Wall Street, which affected global economies as well and let America into a recession. Act Now! : "true" : "false") + "; expires=" + d.toUTCString() + "; path=/"; }); window._mpspixZ = (function(a){var b="abcdefghiklmnopqrstuvwxyz".split("");a||(a=Math.floor(Math.random()*b.length));for(var c="",d=0;d parseInt(categoryPreference.split(':')[0], 10)); }); d.setTime(d.getTime() + 60 * 60 * 24 * 30 * 1000); } In this two-hour special, CNBC investigates the origins of the global economic collapse. The most famous name on Wall Street is now the subject of both professional admiration and public scorn. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. } Faber speaks with Former Federal Reserve Chairman Alan Greenspan who defends decisions he made that critics say laid the groundwork for the crisis. 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]+. }; : : A feud starts between Francis and Marty Spinella. madcap@cnbc.com. 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. 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. , Language 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. All Credit Cards. Enjoy a collection of popular favorites in Spanish CNN en Espaol, Discovery en Espaol, Discovery Familia, ESPN Deportes, History Channel en Espaol, and Universo. Jill Landes is co-producer. 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. if (document.cookie.length > 0) { Please try again. // const name = ONE_TRUST_COOKIE_NAME; console.log('PUB-GDPR-CHECK oneTrustCookie: ', oneTrustCookie); // If in iframe, bypass OneTrust. It was music to the ears of Wall Street bankers like Michael Francis. The presentation clearly showed the pro-Democrat bias of CBS and 60 Minutes. Plus, a media coach reveals the moneymaking secrets of how to get on "The Oprah Winfrey Show.". Due to streaming rights, a few shows with an ad break before and after. mps._queue.gptloaded = mps._queue.gptloaded || []; var s = document.createElement("script"), el = document.getElementsByTagName("script")[0]; "New home construction (is at) the highest in almost 20 years. TV14 News, Documentaries TV Series (2006), TVPG Crime, Documentaries TV Series (1998), Whitey: United States of America v. James J. Bulger, TVG Business & Finance TV Series (2011), Client 9: The Rise and Fall of Eliot Spitzer. } For personal and non-commercial use only. Faber gathers the personal stories of key participants: home buyers, mortgage brokers, investment bankers and investors all of whom let greed blind them to marketplace realities. Run time : 1 hour and 30 minutes. if (!_qs) { typeof mps._gptfirst == "function" && mps._gptfirst(adunit, slotid); Reported by Scott Wapner. const ONE_TRUST_COOKIE_NAME = 'OptanonConsent'; It gives a presentation of the basic percepts which led to the occurrence of the current crisis of the program. 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 . mps._debug('[MPS]: email address detected in url, bypass gpt. console.log('PUB-GDPR-CHECK'); ), Watch CNBC's "House of Cards" -- to understand the problem, Ways to get involved in the upcoming elections. var foresee_enabled = 1 } //end OneTrust Redirect David Faber is excellent in providing a clear path thru the complex perfect storm of events that nearly destroyed our financial system. } I caught the second half the this investigative documentary last nite on CNBC, and I finally "see the Big Picture" of how we got in the Mortgage and Banking Mess that we are in right now. They are on record literally laughing at economists who were calling the crisis just weeks before doing a complete 180 and now they only talk about the end of the world etc. 'cag[device]' : 'mobile-touch' , His business was to pool mortgages and sell them to investors who would then get the monthly payments those mortgages produced. } Cancel anytime. (function(){ .map(categoryPreference => parseInt(categoryPreference.split(':')[0], 10)); But Francis said there was a downside to Chairman Greenspans encouragement to mortgage lenders. mps._adsheld.push(adunit) 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. A Division of NBCUniversal. I find it very hard to believe he could not have slowed down the industry or clamp down on oversight and regulation. document.getElementsByTagName('meta')['tp:PreferredRuntimes'].setAttribute("content", "flash,html5"); "host" : 'mps.cnbc.com', mps._queue.mpsloaded.push(function(){ 'cag[attribution_author]' : 'Tom Brennan' , IMO. const COOKIE_REGEX = /groups=([^&]*)/; Get Hulu, Disney+, and ESPN+, all with ads, for $12.99/mo. Download titles to your supported device for on-the-go-streaming. CNBC Originals are the best of the best in non-fiction feature programming, focusing on the business community's biggest stories. STORAGE: 6, Reviewed in the United States on June 11, 2010. This documentary highlights the plight of America during the Housing Boom. 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UPDATE: TO FOURWINDS READERS January 13 2023, ~~~THE CHRISTMAS STORY by Patrick H. Bellringer~~~ 2022, NEW] PART10a: MESSAGE FROM CREATOR GOD ATON OF LIGHT-~~~FOR THOSE WHO SEE THE LIGHT~~~DECEMBER 21, 2022, [NEW] PART 9a: MESSAGE FROM GYEORGOS CERES HATONN COMMANDER IN CHIEF~~~MESSAGE TO ALL SOULS AND LIGHTWORKERS~~~LET THERE BE LIGHT AND GOD CREATED~~~DECEMBER 20., 2022, Send Page To a Friend WikiLeaks: Egypts New Man at the Top 'Was Against Reform', ANOTHER HIDDEN SECRET IN OBAMACARE 'RFID CHIP IMPLANTS', Wholesale inflation explodes to 11.3% in producer index, feds report, Biden's 'Inflation Tax' Is Costing US Households $433 Per Month, Meat prices in America could reach highest level in generations, CNN sounds alarm: 'Disastrous day' for Dems' 2022 chances, Governments on road to collapse as global supply chain crisis, inflation worsen; Sri Lanka now suspending foreign debt payments. Here's a Slideshow for the documentary House of Cards Slideshow, to get a sense of the range of topics covered. mps._log('**** LOADED: cnbc-cms-header-insert'); Mitch Weitzner is the Executive Producer of CNBC's Long Form Unit. 'cag[brand]' : 'none' , Highlights of CNBC Original Productions including documentaries and special prime time series hosted by CNBC anchors and reporters.more, Highlights of CNBC Original Productions including documentaries aMore. Lou Pacific worked for Quick Loan Funding. http://www.youtube.com/ Watch CNBC David Faber - CNBC Anchor and Reporter, does an excellent job of interviewing "real people" at every stage of this "profit-driven" food chain, so that we get a real feel for the extent and nature of this Global Economic Meltdown: House of Cards Sign up for free newsletters and get more CNBC delivered to your inbox. if (cEnd === -1) { let cEnd = document.cookie.indexOf(';', cStart); mps._queue.adload = mps._queue.adload || []; VIEW DOCUMENTARY AT: . 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Full content visible, double tap to read brief content. Number of discs : 1. mps._queue.mpsinit = mps._queue.mpsinit || []; Redirecting. const COOKIE_REGEX = /groups=([^&]*)/; var setAdblockerCookie = function(adblocker) { if (typeof adunit != "string") return false; In a rare interview, CNBC's David Faber speaks with one of the few savvy investors who bet against the mortgage-backed security fever -- Dallas's Kyle Bass -- whose hedge fund soared 600% in just eighteen months. With unprecedented access, CNBC takes you inside the $30-billion dollar cruise industry. head.insertBefore(mpsload, head.firstChild) CNBC investigates the causes of the 2007 financial crisis by examining the roles of mortgage lenders and Wall Street financiers in the disaster. if (!oneTrustCookie) return true; window._mpspixZ = (function(a){var b="abcdefghiklmnopqrstuvwxyz".split("");a||(a=Math.floor(Math.random()*b.length));for(var c="",d=0;d
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