(function() { Trailer: Get to Work. mpsload.id = "mps-load"; 'cag[type_company]' : 'Citigroup Inc|Morgan Stanley' , if (typeof window === 'undefined') return; var s = document.createElement("script"), el = document.getElementsByTagName("script")[0]; 'template' : 'story' , head = document.head || document.getElementsByTagName("head")[0], mpsload = document.createElement("script"); STRICTLY_NECESSARY: 1, Also, in a rare interview, Faber speaks with one of the few savvy investors who bet against the mortgage-backed security fever . }); 'stitle' : 'Watch CNBCs House of Cards Thursday Night' , mps._urlContainsEmail = function() { Monthly price. , Run time 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. 'cag[related_primary]' : 'Citigroup Inc|Morgan Stanley' , Exploring just how far the effect of the credit crisis extended, Faber travels to Narvik, Norway, a town far above the Arctic Circle that was convinced it could solve its budget problems by investing in Wall Street's wares. Jill Landes is co-producer. On Thursday, February 12th at 8PM & 12AM ET, CNBC presents "House of Cards," an original CNBC documentary reported by award-winning correspondent David Faber. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. mps._queue.mpsloaded.push(function(){ } CNBC's David Faber explores how the history and culture of this financial powerhouse has set the stage for controversy and a fight for its reputation. document.addEventListener("DOMContentLoaded", function(event) { 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 . return false; Discuss in detail who is most responsible and why? As the U.S. government tried to revive the economy by repeatedly dropping interest rates, families lunged at the opportunity to refinance their mortgages. ''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.refreshads = mps._queue.refreshads || []; if (cEnd === -1) { function isOneTrustAnyBlocked() { if (typeof adunit != "string") return false; mps.insertAd("#" + slotid, adunit) 'cag[related_primary]' : 'David Faber' , 'title' : 'Watch CNBC&rsquo;s &lsquo;House of Cards&rsquo; Thursday Night' , 'path' : '/id/28984151' , 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 The documentary launch page. "host" : 'mps.cnbc.com', s.src = "https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/03/28/VisitorAPI.js"; Greenspan: Power, Money & The American Dream, Marijuana Inc: Inside America's Pot Industry, Scam of the Century? }; (function() { You should be able to identify at least 5 players. 'cag[template]' : 'story_simple' , } mps._queue.mpsinit.push(function() { return; And it became extremely popular.. if (typeof adunit != "string") return false; Reviewed in the United States on October 24, 2019. var slotid = "mps-getad-" + adunit.replace(/\W/g, ""); !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]? In his new documentary "House of Cards," David Faber knocks one out of the park. var setAdblockerCookie = function(adblocker) { } Reviewed in the United States on January 17, 2014. } } ("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(". head.insertBefore(mpsload, head.firstChild) See the explosive effects of her influence and how her impact on business is worth billions. The more mortgages lenders provided to homebuyers, the more product Francis would have to sell. 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. James Jacoby is writer and producer of CNBC's "House of Cards." Would recommend everyone spend the time to view this. It was music to the ears of Wall Street bankers like Michael Francis. Top subscription boxes right to your door, 1996-2023, Amazon.com, Inc. or its affiliates, Learn more how customers reviews work on Amazon. 'keywords' : '~' , // If in iframe, bypass OneTrust. Best Travel Credit Cards. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. } script.setAttribute("onerror", "setAdblockerCookie(true);"); script.setAttribute("src", "//www.npttech.com/advertising.js"); })(); CNBC is a crock. 'cag[type_franchise]' : 'CNBC: News Releases' , This was CNBC's live blog tracking developments on the war in Ukraine on April 26, 2023. .map(categoryPreference => parseInt(categoryPreference.split(':')[0], 10)); mps.__timer = Date.now ? A good history lesson on greed and stupidity, Reviewed in the United States on March 3, 2015. There was an error retrieving your Wish Lists. Privacy Policy. }; cStart = cStart + name.length + 1; The result is the gripping chronology of the buildup and ultimate collapse of the U.S. housing market, which triggered a worldwide economic meltdown. http://www.youtube.com/ Watch CNBC } mps._queue.mpsinit = mps._queue.mpsinit || []; 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. el.parentNode.insertBefore(s, el); } Streaming Library with tons of TV episodes and movies. {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+)(\.|$)(. if (typeof(window._mpspixZ) != 'string') { The mantra on Wall Street was that home prices nationwide had not gone down in a single year since the great depression. (function() { This economy is strong and growing stronger," he said, to applause in the House chamber. 'cag[configuration_franchise]' : 'Mad Money' , 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). 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. } } This story was originally broadcast on Jan. 27, 2008. script.setAttribute("async", true); 'id' : '28984151' , (This content is not subject to review by Daily Kos staff prior to publication. Best Sellers Rank: #203,297 in Movies & TV ( See Top 100 in Movies & TV) #10,509 in Documentary (Movies & TV) etc. I thought the interviews with Allen Greenspan were enlightening. Download titles to your supported device for on-the-go-streaming. } David Faber is excellent in providing a clear path thru the complex perfect storm of events that nearly destroyed our financial system. function isEEARegionCheck() { Reviewed in the United Kingdom on November 16, 2014. Trailer: Pain. 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. 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']; })(); 'path' : '/id/29167221' , return true; The unpaid interest was added to the total amount of the mortgage. isEEARegionCheck(); function isEEARegionCheck() { "New home construction (is at) the highest in almost 20 years. var setAdblockerCookie = function(adblocker) { : , Director : Kos Media, LLC. } return false; Bernie Madoff & The $50 Billion Heist, The Money Chase: Inside Harvard Business School, NEWBOs: The Rise of America's New Black Overclass, Run for the Roses: the Kentucky Derby and the Business of Horse Racing, Planet Of The Apps: A Hand-Held Revolution, Mob Money: An American Greed Special Presentation, Top subscription boxes right to your door, 1996-2023, Amazon.com, Inc. or its affiliates. Reported by Scott Wapner. }; : Reviewed in the United States on December 31, 2018, Disgusting what Wall Street did to millions of Americans. Please note that the Shop Hulu site is owned and operated by Snowcommerce. Now up to six members of your household can have separate profiles so that favorites and recommendations are unique to each viewer. Best Balance Transfer Credit Cards. mps._adsheld.push(adunit) mps._queue.gptloaded = mps._queue.gptloaded || []; 'cag[type_franchise]' : 'Economy|The Fed|World Economy|Credit|Housing|Stock Picks|Mad Money|stocks' , Perhaps it would help critics to understand the need for some reasonable government regulation. Sunday, March 1st Midnight ET } 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. 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What is "Moral Hazard"? for (var i in mps.response.dart.adunits) { } Please review our Terms of Use (. }).catch(() => {}); 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']; The program opens with this text quote: // execute }; // check for region and redirect if country is in EEARegion "true" : "false") + "; expires=" + d.toUTCString() + "; path=/"; mps._debug('[MPS]: email address detected in url, bypass gpt. // execute TARGETED_ADS: 4, Thats what kept Michael Francis going, even if he was starting to have doubts. 'nid' : '28984151' Redirecting. head.insertBefore(mpsload, head.firstChild) if (!oneTrustCookie) return true; Get this delivered to your inbox, and more info about our products and services. fetch('https://geo.cnbc.com/info/').then(res => res.json()).then(result => { // check for region and redirect if country is in EEARegion window.location.href = `/opt-in-check?pub_referrer=${encodeURIComponent(url)}`; It also analyzed reviews to verify trustworthiness. Any free trials valid for new and eligible returning subscribers only. const oneTrustCookie = getOneTrustCookie(); These preview clips give you a sense of the Report, and the "real world" dialogs David Faber had with the Players involved. 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. mps._ext = mps._ext || {}; script.setAttribute("async", true); let cStart = document.cookie.indexOf(`${name}=`); console.log('PUB-GDPR-CHECK oneTrustCookie matches: ', matches); "),a=0;a 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. Greenspan also admits that even he did not understand the details of the more complex securities on the market. It gives a presentation of the basic percepts which led to the occurrence of the current crisis of the program. if (isOneTrustAnyBlocked()) { Customer Reviews, including Product Star Ratings help customers to learn more about the product and decide whether it is the right product for them. He could have put pressure on Moody's and Standard and Poor to stop issuing AAA ratings for CDO's that did not meet that standard. , Media Format 'pubdate' : '1234477348' , 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. Dallas' Kyle Bass whose hedge fund soared 600% in just eighteen months. 'cag[template]' : 'story' , mps._queue.adclone = mps._queue.adclone || []; 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. Pricing, channels, features, content, and compatible devices subject to change. Just a short time ago it would have been inconceivable: the economy, here in the U.S. and around the world, stopped in its tracks. "updatecorrelator" : true }); After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. 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See how the American dream became a nightmare. var s = document.createElement("script"), el = document.getElementsByTagName("script")[0]; Release year: 2013. With no shortage of eager borrowers, business was booming and Quick Loan made millions of dollars. Here's a Slideshow for the documentary House of Cards Slideshow, to get a sense of the range of topics covered. An upcoming CNBC documentary investigates the origins of the global economic crisis and calls Orange County the birthplace of the sub-prime mortgage. 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. ), Watch CNBC's "House of Cards" -- to understand the problem, Ways to get involved in the upcoming elections. 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. 'is_content' : '1' , const ONE_TRUST_COOKIE_NAME = 'OptanonConsent'; if (window.mps) { All Credit Cards. In this two-hour special, CNBC investigates the origins of the global economic collapse. function getOneTrustCookie() { It was updated on May 23, 2008. Emmy Award Winner: Outstanding Documentary. : TARGETED_ADS: 4, Homeownership rates (are at) the highest ever.. He might've even hit a grand slam. Watch on your favorite devices, including TV, laptop, phone, or tablet. 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. if (cStart !== -1) { James Segelstein is senior producer. --Internal email Wall Street, 12/15/2006 All Rights Reserved. }; Sign up for free newsletters and get more CNBC delivered to your inbox. Please rank them in order from most responsible to least responsible. if (document.cookie.length > 0) { Americans are facing the most crushing economic crisis since the Great Depression. Brief content visible, double tap to read full content. var mpscall = { SOCIAL_MEDIA: 8 Trailer: Cleave. 'cag[type_source]' : 'CNBC US Source' , 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.

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