This real explains the crash of 2008 and the housing bubble. //begin OneTrust Redirect Redirecting. Help others learn more about this product by uploading a video! See the firsthand account of how this happened. } Trailer: Pain. 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. " Collectively, the investment firms involved manage a combined $62.3 billion in assets, according to Crunchbase figures. Monthly price. Best Balance Transfer Credit Cards. var foresee_enabled = 1 ANSWER Documentary on "House of cards season 1, episode 5 (2009) an CNBC series, which talks about the collapse of the mortgage market back in 2009" The documentary explains about the investigation done through CNBC about the causes of the greatest f View the full answer Chronicles the sub-prime mortgage lending debacle in America on Wall Street, which affected global economies as well and let America into a recession. 'cag[configuration_franchise]' : 'CNBC: News Releases' , } Live TV may vary by subscription and location. }; return false; Feb. 13, 2009. The unpaid interest was added to the total amount of the mortgage. Sunday, February 15th 9p ET mps._urlContainsEmail = function() { "host" : 'mps.cnbc.com', var foresee_enabled = 1 // Best Credit Cards. })(); var script = document.createElement("script"); return unescape(document.cookie.substring(cStart, cEnd)); 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 . CNBC Originals are the best of the best in non-fiction feature programming, focusing on the business community's biggest stories. 'cag[related_primary]' : 'Citigroup Inc|Morgan Stanley' , 18+ only. 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'pubdate' : '1233619458' , mps._queue.adload = mps._queue.adload || []; } /r/business brings you the best of your business section. return unescape(document.cookie.substring(cStart, cEnd)); '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; var mps = mps || {}; Trailer: Cleave. They expose the Problems that still yet need to be resolved, one way or another. It gives a presentation of the basic percepts which led to the occurrence of the current crisis of the program. Any free trials valid for new and eligible returning subscribers only. } 'cat' : 'CNBC feeds|CNBC Information and Policies|CNBC: News Releases' , mps._adsheld.push(adunit) , Package Dimensions : 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 . Greenspan: Power, Money & The American Dream, Marijuana Inc: Inside America's Pot Industry, Scam of the Century? 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. console.log('PUB-GDPR-CHECK'); })(); console.log('PUB-GDPR-CHECK Blocked Categories: ', blockedCategories); 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. const name = ONE_TRUST_COOKIE_NAME; mps.response.dart.adunits[i].data = ''; mps._queue.gptloaded.push(function() { http://www.youtube.com/ Watch CNBC Watch on your favorite devices, including TV, laptop, phone, or tablet. (And NO, I don't work for CNBC! Emmy, Dupont, and Peabody Award-winning correspondent David Faber investigates the defining story of our time with inside accounts from key players, tracing the origins of the calamity from Main Street to Wall Street to Washington. 'cag[type_company]' : 'Citigroup Inc|Morgan Stanley' , }); })(); mps.__intcode = "v2"; He was the most powerful business man in the country, who had the presidents ear any time he wanted. }; Reviewed in the United States on December 31, 2018, Disgusting what Wall Street did to millions of Americans. 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. Question: House of Cards documentary CNBC: After reviewing the Documentary determine who were players involved in the financial collapse. } if (!matches) { Pricing, channels, features, content, and compatible devices subject to change. 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. Meet the new breed of entrepreneurs cashing in on the Apps business. Sunday, March 15th 9p ET, This Report WILL change the National Dialog, let cEnd = document.cookie.indexOf(';', cStart); : Reviewed in the United States on March 7, 2015. 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). Reviewed in the United States on January 17, 2014. The most famous name on Wall Street is now the subject of both professional admiration and public scorn. "":"no-")+"fn-start",[f.now(),r,o],n),o)try{return e.apply(this,arguments)}catch(t){throw c.emit("fn-err",[arguments,this,t],n),t}finally{c.emit("fn-end",[f.now()],n)}}}};a("actionText,setName,setAttribute,save,ignore,onEnd,getContext,end,get".split(","),function(t,e){h[e]=o(l+e)}),newrelic.noticeError=function(t,e){"string"==typeof t&&(t=new Error(t)),i("err",[t,f.now(),!1,e])}},{}],18:[function(t,e,n){e.exports=function(t){if("string"==typeof t&&t.length)return t.length;if("object"==typeof t){if("undefined"!=typeof ArrayBuffer&&t instanceof ArrayBuffer&&t.byteLength)return t.byteLength;if("undefined"!=typeof Blob&&t instanceof Blob&&t.size)return t.size;if(! Please try again. fetch('https://geo.cnbc.com/info/').then(res => res.json()).then(result => { CONTENT_SELECTION_AND_MEASUREMENT: 7, House of Cards: With David Faber, Alan Greenspan, Joe Dunckley, Barbara Dunkley. }; if (!matches) { Additional terms apply. mps.__timer = Date.now ? 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. 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. //end OneTrust Redirect By TAN SRI LIN SEE-YAN See here for the latest updates. typeof mps._gptfirst == "function" && mps._gptfirst(adunit, slotid); : Studio : NBC New Documentarie. mps._queue.mpsinit = mps._queue.mpsinit || []; Streaming content may count against your data usage. //begin OneTrust Redirect .split(',') s.src = "https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/03/28/VisitorAPI.js"; } (function() { typeof mps._gptfirst == "function" && mps._gptfirst(adunit, slotid); mps._queue.adclone = mps._queue.adclone || []; return true; isEEARegionCheck(); Genres Special Interest, Documentary, Talk Show and Variety } else { document.getElementsByTagName("head")[0].appendChild(script); } if (typeof(window._mpspixZ) != 'string') { var postLoadFunctions = {}; 'cag[configuration_franchise]' : 'Mad Money' , const oneTrustCookie = getOneTrustCookie(); 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. CNBC's "House of Cards" will re-air on Sunday, February 15th at 9PM ET and Monday, February 16th (President's Day) at 8AM, 8PM and 12AM ET. return false; Location data required to access content. Highlights of CNBC Original Productions including documentaries and special prime time series hosted by CNBC anchors and reporters. Data is a real-time snapshot *Data is delayed at least 15 minutes. var s = document.createElement("script"), el = document.getElementsByTagName("script")[0]; 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 "443":"80"),r.hostname=e.hostname||n.hostname,r.pathname=e.pathname,r.protocol=o[0],"/"!==r.pathname.charAt(0)&&(r.pathname="/"+r.pathname);var i=!e.protocol||":"===e.protocol||e.protocol===n.protocol,a=e.hostname===document.domain&&e.port===n.port;return r.sameOrigin=i&&(!e.hostname||a),r}},{}],17:[function(t,e,n){function r(){}function o(t,e,n){return function(){return i(t,[f.now()].concat(s(arguments)),e?null:this,n),e?void 0:this}}var i=t("handle"),a=t(21),s=t(22),c=t("ee").get("tracer"),f=t("loader"),u=NREUM;"undefined"==typeof window.newrelic&&(newrelic=u);var d=["setPageViewName","setCustomAttribute","setErrorHandler","finished","addToTrace","inlineHit","addRelease"],p="api-",l=p+"ixn-";a(d,function(t,e){u[e]=o(p+e,!0,"api")}),u.addPageAction=o(p+"addPageAction",!0),u.setCurrentRouteName=o(p+"routeName",!0),e.exports=newrelic,u.interaction=function(){return(new r).get()};var h=r.prototype={createTracer:function(t,e){var n={},r=this,o="function"==typeof e;return i(l+"tracer",[f.now(),t,n],r),function(){if(c.emit((o? if (!oneTrustCookie) return true; Multiple concurrent streams and HD content may require higher bandwidth. var mps = mps || {}; TARGETED_ADS: 4, The Definitive Look At The Origins Of Today's Global Economic Crisis. This economy is strong and growing stronger," he said, to applause in the House chamber. return Object.values(OneTrustCategories).filter((c) => blockedCategories.includes(c)).length > 0; // He might've even hit a grand slam. James Segelstein is senior producer. Sunday, February 15th 9p ET Date.now() : (function() { return +new Date })(); 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']; return true; Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. 'nid' : '29167221' These preview clips give you a sense of the Report, and the "real world" dialogs David Faber had with the Players involved. 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. Watch how aggressive interest-rate cuts sparked a housing boom, subprime mortgages brought down banks, overleveraging hurt Morgan Stanley and Citigroup and problems here in the U.S. worked their way overseas. script.setAttribute("onload", "setAdblockerCookie(false);"); } } if (mps.response && mps.response.dart && typeof(mps.response.dart.adunits) === 'object') { 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]+. Best 0% APR Credit Cards. mps._queue.gptloaded = mps._queue.gptloaded || []; // If in iframe, bypass OneTrust. } Reviewed in the United States on October 24, 2019. mps._queue.mpsloaded.push(function(){ script.setAttribute("async", true); mps._debug('[MPS]: email address detected in url, bypass gpt. script.setAttribute("src", "//www.npttech.com/advertising.js"); (function() { let cStart = document.cookie.indexOf(`${name}=`); const name = ONE_TRUST_COOKIE_NAME; Reddit and its partners use cookies and similar technologies to provide you with a better experience. if (window.top !== window.self) { const COOKIE_REGEX = /groups=([^&]*)/; ASIN : B002SF9YCU. Faber, known for exceptional reporting and with a string of highly acclaimed CNBC documentaries to his credit, raises his own bar even higher with this step-by-step trip through the rise and fall of America's mortgage empire. 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. Up to 6 user profiles. var _qs = window.location.href; How are ratings calculated?Toggle ExpandToggle Expand. 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. 'cag[brand]' : 'none' , : All Rights Reserved. } 'type' : 'mobile: pressrelease' , This content was created by a Daily Kos Community member. Watch CNBC: House of Cards Sunday, February 15th 9p ET 'title' : 'Watch CNBC’s ‘House of Cards’ Thursday Night' , }).catch(() => {}); Discuss in detail who is most responsible and why? ;NREUM.info={beacon:"bam.nr-data.net",errorBeacon:"bam.nr-data.net",licenseKey:"356631dc7f",applicationID:"230538944",sa:1} s.src = "https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/03/28/VisitorAPI.js"; Includes 30 min of exclusive bonus material. '); 'id' : '29167221' , If you ever want to understand the mortgage meltdown we experienced a few years ago, this is the documentary to watch!!! Perhaps it would help critics to understand the need for some reasonable government regulation. 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]+. Find the Credit Card for You. var postLoadFunctions = {}; if (mps.response && mps.response.dart && typeof(mps.response.dart.adunits) === 'object') { cStart = cStart + name.length + 1; head = document.head || document.getElementsByTagName("head")[0], mpsload = document.createElement("script"); } Actors : David Faber. 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. .split(',') And beyond the villains, find out who the heroes were as this crisis unfolded. "updatecorrelator" : true 'keywords' : '~' , Stream our library of shows and movies without ad interruptions. Faber follows the story from mortgage broker to homeowner, brokers to ratings agencies and all the way to former Federal Reserve Chairman Alan Greenspan. The documentary is decent but it could have used a broader range. (l[h]("DOMContentLoaded",i,!1),p[h]("load",r,!1)):(l[m]("onreadystatechange",o),p[m]("onload",r)),c("mark",["firstbyte",s],null,"api");var E=0,O=t(23)},{}]},{},["loader",2,15,5,3,4]); } 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']; 'cag[type_person]' : 'Alan Greenspan' , Americans are facing the most crushing economic crisis since the Great Depression. }); 'cag[type_franchise]' : 'Economy|The Fed|World Economy|Credit|Housing|Stock Picks|Mad Money|stocks' , )+[a-zA-Z]{2,}))/; 'type' : 'blogpost' , CONTENT_SELECTION_AND_MEASUREMENT: 7, mps._queue.mpsloaded = mps._queue.mpsloaded || []; The result is the gripping chronology of the buildup and ultimate collapse of the U.S. housing market, which triggered a worldwide economic meltdown. {key:e[2],parent:a(e[1],window)}:{key:t,parent:window}}var c=t("ee").get("jsonp"),f=t(24)(c);if(e.exports=c,o()){var u=/[?&](?:callback|cb)=([^&#]+)/,d=/(.*)\.([^.]+)/,p=/^(\w+)(\.|$)(. } (function(){ Here's a Slideshow for the documentary House of Cards Slideshow, to get a sense of the range of topics covered. 'template' : 'story' , New subscribers only. Best Balance Transfer Credit Cards. let cStart = document.cookie.indexOf(`${name}=`); See how the American dream became a nightmare. if (!oneTrustCookie) return true; Best Credit Cards. el.parentNode.insertBefore(s, el); Please review our Terms of Use (. 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. With Kevin Spacey, Robin Wright, Kate Mara, Michael Kelly. .filter(categoryPreference => !categoryPreference.includes('0_') && categoryPreference.includes(':0')) })(); Best Sellers Rank: #203,297 in Movies & TV ( See Top 100 in Movies & TV) #10,509 in Documentary (Movies & TV) Best Cash Back . script.setAttribute("onerror", "setAdblockerCookie(true);"); 'stitle' : 'CNBC ORIGINAL DOCUMENTARY "HOUSE OF CARDS" UNCOVERS THE REASONS BEHIND THE GREATEST FINANCIAL COLLAPSE SINCE THE GREAT DEPRESSION' , if (cStart !== -1) { Thats what kept Michael Francis going, even if he was starting to have doubts. Streaming Library with tons of TV episodes and movies, Most new episodes the day after they air, Watch on your favorite devices, including TV, laptop, phone, or tablet, Watch on 2 different screens at the same time, For current-season shows in the streaming library only, **Switches from Live TV to Hulu take effect as of the next billing cycle, https://privacy.thewaltdisneycompany.com/en/current-privacy-policy/, https://help.hulu.com/s/article/hulu-disney-espn-bundle. const COOKIE_REGEX = /groups=([^&]*)/; Trailer: Gray Area. // execute mps._queue = mps._queue || {};
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