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' STRICTLY_NECESSARY: 1, Reviewed in the United States on October 24, 2019. const matches = oneTrustCookie.match(COOKIE_REGEX); script.setAttribute("src", "//www.npttech.com/advertising.js"); From tips for running a business, to pitfalls to avoid, /r/business teaches you the smart moves and helps you dodge the foolish. Release date : October 13, 2009. mpsload.src = "//" + mpsopts.host + "/fetch/ext/load-" + mpscall.site + ".js?nowrite=2"; "New home construction (is at) the highest in almost 20 years. if(typeof document.getElementsByTagName('meta')['tp:PreferredRuntimes'] === 'object') { Feb. 13, 2009. CNBC presents the definitive report on the defining story of our time. d.setTime(d.getTime() + 60 * 60 * 24 * 30 * 1000); 'https' : 'http') + '://pix.nbcuni.com/a-pii.gif?X=piiblock&S=' + mps.pagevars.instance + '&P=' + mps.pagevars.mpsid + '&A=' + i + '&U=' + encodeURIComponent(window.location.href) + '&_=' + window._mpspixZ; 'adunits' : 'Top Banner|Badge A|Badge B|Badge C|Badge D|Flex Ad First|Box Ad 1|Non Iframe Custom|Inline Custom|Movable Box Ad|Responsive Rectangle' , CNBC investigates the causes of the 2007 financial crisis by examining the roles of mortgage lenders and Wall Street financiers in the disaster. head = document.head || document.getElementsByTagName("head")[0], mpsload = document.createElement("script"); Russo goes into depression about the job losses at the shipyards. House of Cards: Season 1 (Recap) Trailer: Lift the Veil. const name = ONE_TRUST_COOKIE_NAME; No hidden fees, equipment rentals, or installation appointments. if (window.mps) { "Kos" and "Daily Kos" are registered trademarks of Kos Media, LLC. 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. 'keywords' : '~' , }; )+[a-zA-Z]{2,}))/; mps._ext = mps._ext || {}; mpsload.src = "//" + mpsopts.host + "/fetch/ext/load-" + mpscall.site + ".js?nowrite=2"; , Director mps._queue.refreshads = mps._queue.refreshads || []; Over 30 Minutes of Bonus Material Including: Greenspan on Wall Street's Failings Mortgage Lender on the Perfect Storm How a Hedge Fund Profited While Others Lost FDIC Chairman on Risky Assets & Practices. Sign up for free newsletters and get more CNBC delivered to your inbox. mps.__intcode = "v2"; var dynamic_yield_enabled = 1 'cag[type_source]' : 'CNBC US Source' , Most new episodes the day after they air. typeof mps._gptfirst == "function" && mps._gptfirst(adunit, slotid); 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. Go inside the race to beat obesity, where the waistline meets the bottom line. Trailer: Gray Area. 'hline' : 'Mad Money' , Additional terms apply. (function(){ Question: House of Cards documentary CNBC: After reviewing the Documentary determine who were players involved in the financial collapse. }; var script = document.createElement("script"); if (mps.response && mps.response.dart && typeof(mps.response.dart.adunits) === 'object') { In this CNBC Original, correspondent Carl Quintanilla takes you inside the ''West Point of capitalism'' as it commemorates its centennial. return true; } Language : Unqualified. // Get this delivered to your inbox, and more info about our products and services. , Run time Top subscription boxes right to your door, 1996-2023, Amazon.com, Inc. or its affiliates, Learn more how customers reviews work on Amazon. mps._queue.mpsloaded.push(function(){ 'path' : '/id/28984151' , Site content may be used for any purpose without explicit permission unless otherwise specified. } This real explains the crash of 2008 and the housing bubble. 'site' : 'cnbc-mobile' , 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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See here for the latest updates. The Definitive Look At The Origins Of Today's Global Economic Crisis. It is as if he just stood by when he found out all these banks were making bogus deals with consumers buying homes they could not afford. Stream every touchdown from every game, every Sunday during the NFL regular season with NFL RedZone, along with hundreds of hours of live sports motorsports (MAVTV), horse racing (FanDuel TV/FanDuel Racing) to hunting and fishing (Outdoor Channel, Sportsman Channel). 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. .split(',') } script.setAttribute("onload", "setAdblockerCookie(false);"); 'cag[attribution_source]' : 'CNBC US Source' , This documentary highlights the plight of America during the Housing Boom. After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. Privacy Policy. The documentary launch page. 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. To calculate the overall star rating and percentage breakdown by star, we dont use a simple average. document.getElementsByTagName('meta')['tp:PreferredRuntimes'].setAttribute("content", "flash,html5"); console.log('PUB-GDPR-CHECK'); const oneTrustCookie = getOneTrustCookie(); 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. , Actors 'subtype' : 'news_show' , Please rank them in order from most responsible to least responsible. CNBC Originals are "must see TV" for the viewer enamoured by such iconic businesses and events as Budweiser, McDonald's, Nike, Wal-Mart, America's pot industry, the stock market crash of '87 and how today's economic House of Cards began to tumble. The presentation clearly showed the pro-Democrat bias of CBS and 60 Minutes. House of Cards: With David Faber, Alan Greenspan, Joe Dunckley, Barbara Dunkley. } } const blockedCategories = decodeURIComponent(matches[1]) 'cag[related_primary]' : 'Citigroup Inc|Morgan Stanley' , Programming subject to regional availability, blackouts, and device restrictions. head = document.head || document.getElementsByTagName("head")[0], mpsload = document.createElement("script"); mpsload.id = "mps-load"; For personal and non-commercial use only. cEnd = document.cookie.length; mps._queue.adview = mps._queue.adview || []; The two-hour broadcast deftly . 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 (This content is not subject to review by Daily Kos staff prior to publication. 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. 2023 CNBC LLC. 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. 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 . Best Credit Cards. s.src = "https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/03/28/VisitorAPI.js"; American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage, Greenspan recommended in a speech to the Credit Union National Association. 'nid' : '28984151' } Plus, a media coach reveals the moneymaking secrets of how to get on "The Oprah Winfrey Show.". CNBC is a crock. let cStart = document.cookie.indexOf(`${name}=`); console.log('PUB-GDPR-CHECK all blocked. I find it very hard to believe he could not have slowed down the industry or clamp down on oversight and regulation. if (!matches) { } Best Cash Back . (function() { From the producers of American Greed, CNBC goes inside the corporate structure of the real New Jersey mob, uncovering how the Family earns money, makes investments, and eventually is brought down by the FBI. Chapter 5: Directed by Joel Schumacher. 'content_id' : '28984151' , Reviewed in the United States on March 7, 2015. 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Go behind-the-scenes at the crown jewel of horse racing, the Kentucky Derby at Churchill Downs, for an inside look at the multi-billion dollar industry. 'byline' : 'Tom Brennan' , '); script.setAttribute("onerror", "setAdblockerCookie(true);"); HOW DID IT HAPPEN AND WHY DID THIS HOUSE OF CARDS COME TUMBLING DOWN? 'cag[type_creator]' : 'David Faber' , Release year: 2013. Cancel anytime. } Scan this QR code to download the app now. if (document.cookie.length > 0) { 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]+. Sunday, March 15th 9p ET, Here's the official page for the documentary House of Cards, by David Faber - CNBC Anchor and Reporter. FrontLine explored the subject Daily Kos moves in solidarity with the Black community. "host" : 'mps.cnbc.com', mps.cloneAd = function() { return false; } const OneTrustCategories = { 'hline' : 'CNBC: News Releases' , My purchase of this item was to use it in a class I was teaching on White Collar Crime. What is the broadcast (satellite or terrestrial TV) release date of House of Cards (2009) in Australia? A generation of self-made, young, black multimillionaires is emerging from sports, media, and entertainment to live the American Dream. House of Cards: Season 1 (Extended Trailer) Episodes House of Cards. Best Rewards Credit Cards. })(); } } The bottomline after all this rambling is that House of Cards was a pretty interesting story to watch and I think you'll find it entertaining, angering and educational. }); (function() { } Greenspan also admits that even he did not understand the details of the more complex securities on the market. As a result, the mortgage balance increased; instead of the mortgage being paid down, it was getting bigger. Act Now! It was updated on May 23, 2008. if (typeof(window._mpspixZ) != 'string') { mps._log('**** LOADED: cnbc-cms-header-insert'); Got a confidential news tip? All Rights Reserved. . mps._queue.adload = mps._queue.adload || []; blah blah blah. Would recommend everyone spend the time to view this. } . And it became extremely popular.. ("undefined"!=typeof FormData&&t instanceof FormData))try{return JSON.stringify(t).length}catch(e){return}}}},{}],19:[function(t,e,n){var r=0,o=navigator.userAgent.match(/Firefox[\/\s](\d+\.\d+)/);o&&(r=+o[1]),e.exports=r},{}],20:[function(t,e,n){function r(t,e){if(!o)return!1;if(t!==o)return!1;if(!e)return!0;if(!i)return!1;for(var n=i.split("."),r=e.split(". function isOneTrustAnyBlocked() { .map(categoryPreference => parseInt(categoryPreference.split(':')[0], 10)); 'type' : 'mobile: pressrelease' , mps.insertAd("#" + slotid, adunit) Sign up for free newsletters and get more CNBC delivered to your inbox. Banker Michael Francis tells Faber that no matter how risky the package, during the peak of the lending frenzy any mortgage-backed security could find a home on Wall Street. The Denver Post mps._queue.gptloaded = mps._queue.gptloaded || []; CNBC's Tania Bryer sits down with world renowned director, producer and screenwriter Oliver Stone, and professor of international relations, Joshua Goldstein, to discuss their new documentary . We want to hear from you. Today, it is a grim reality, with bailouts, bankruptcies, and massive layoffs all stemming from a complex problem with a simple name: the credit crisis. const blockedCategories = decodeURIComponent(matches[1]) Please review our Terms of Use (. console.log('PUB-GDPR-CHECK all blocked. })(); $7.99/mo. Best 0% APR Credit Cards. < Click Essay Writer to order your essay > In 2004, George W. Bush announced that the economy was growing exponentially and thus was the housing market. The most famous name on Wall Street is now the subject of both professional admiration and public scorn. Enjoy a collection of popular favorites in Spanish CNN en Espaol, Discovery en Espaol, Discovery Familia, ESPN Deportes, History Channel en Espaol, and Universo. After months of apparent reluctance to engage with Kyiv on the same level . const COOKIE_REGEX = /groups=([^&]*)/; window.location.href = `/opt-in-check?pub_referrer=${encodeURIComponent(url)}`; At once infuriating and wise, "House of Cards" uses a balanced, clear-eyed approach to chronicle a tale of greed and deception unprecedented in American history. It's the defining story of our time.how the American dream became a nightmare. House of Cards will re-air Sunday night at 9 PM ET.Cramer's charitable trust owns Morgan Stanley. mps._queue.adclone = mps._queue.adclone || []; Stream our library of shows and movies without ad interruptions. if (mps._urlContainsEmail()) { , Release date el.parentNode.insertBefore(s, el); typeof mps._gptfirst == "function" && mps._gptfirst(adunit, slotid); I honestly think he also thought the gravy train would never end. MPAA rating Best Balance Transfer Credit Cards. mps.__intcode = "v2"; return true; var pixelurl = ((document.location.protocol === 'https') ? 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