if (document.cookie.length > 0) { Data is a real-time snapshot *Data is delayed at least 15 minutes. function getOneTrustCookie() { Faber follows the story from mortgage broker to homeowner, brokers to ratings agencies and all the way to former Federal Reserve Chairman Alan Greenspan. return '
' : mps.__intcode = "v2"; 'cag[type_franchise]' : 'Economy|The Fed|World Economy|Credit|Housing|Stock Picks|Mad Money|stocks' , }); Live TV is available in the 50 United States and the District of Columbia only. } You should be able to identify at least 5 players. if (typeof window === 'undefined') return; (function(){ and our } 'id' : '28984151' , Best Cash Back . }; Lou Pacific worked for Quick Loan Funding. const oneTrustCookie = getOneTrustCookie(); , Release date As a result, the mortgage balance increased; instead of the mortgage being paid down, it was getting bigger. The program opens with this text quote: 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. const matches = oneTrustCookie.match(COOKIE_REGEX); mps._ext = mps._ext || {}; 'template' : 'story_simple' , Here's a Slideshow for the documentary House of Cards Slideshow, to get a sense of the range of topics covered. A generation of self-made, young, black multimillionaires is emerging from sports, media, and entertainment to live the American Dream. }; CNBC Originals on iTunes - Apple CNBC Originals- 'HOUSE OF CARDS' (video) / CNBC Special Report: House mps._adsheld = []; There was an error retrieving your Wish Lists. 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. Watch as correspondent Peter Greenberg reveals the delicate balance between profits and losses on the high seas. const COOKIE_REGEX = /groups=([^&]*)/; 'stitle' : 'CNBC ORIGINAL DOCUMENTARY "HOUSE OF CARDS" UNCOVERS THE REASONS BEHIND THE GREATEST FINANCIAL COLLAPSE SINCE THE GREAT DEPRESSION' , return true; (Francis asked CNBC not to disclose his employer's name.). return true; 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. See the explosive effects of her influence and how her impact on business is worth billions. var foresee_enabled = 1 var d = new Date(); console.log('PUB-GDPR-CHECK oneTrustCookie matches: ', matches); 'cag[brand]' : 'none' , Redirecting. The documentary is decent but it could have used a broader range. return; : } if (typeof adunit != "string") return false; Monday, February 16th 8p | 12a ET s.src = "https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/03/28/VisitorAPI.js"; Discuss in detail who is most responsible and why? How are ratings calculated?Toggle ExpandToggle Expand. (This content is not subject to review by Daily Kos staff prior to publication. 2023 CNBC LLC. if (cStart !== -1) { 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']; : 'pubdate' : '1234477348' , But Francis said there was a downside to Chairman Greenspans encouragement to mortgage lenders. But I do care about fixing the Mortgage Mess -- and getting it Right this time. They expose the Problems that still yet need to be resolved, one way or another. Unable to add item to List. Number of discs : 1. Brief content visible, double tap to read full content. A good history lesson on greed and stupidity, Reviewed in the United States on March 3, 2015. The more mortgages lenders provided to homebuyers, the more product Francis would have to sell. I thought the interviews with Allen Greenspan were enlightening. } Top subscription boxes right to your door, 1996-2023, Amazon.com, Inc. or its affiliates, Learn more how customers reviews work on Amazon. } "https:":"http:")+"//ds-aksb-a.akamaihd.net/aksb.min.js")}, Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Due to streaming rights, a few shows with an ad break before and after. "House of Cards" Chapter 5 (TV Episode 2013) - IMDb 'keywords' : '~' , These preview clips give you a sense of the Report, and the "real world" dialogs David Faber had with the Players involved. , Media Format The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. // check for region and redirect if country is in EEARegion Trailer: Gray Area. It's a world of opportunity, opulence, and overwhelming pressure to give back to the community. Greenspan: Power, Money & The American Dream, Marijuana Inc: Inside America's Pot Industry, Scam of the Century? console.log('PUB-GDPR-CHECK oneTrustCookie: ', oneTrustCookie); var dynamic_yield_enabled = 1 window._mpspixZ = (function(a){var b="abcdefghiklmnopqrstuvwxyz".split("");a||(a=Math.floor(Math.random()*b.length));for(var c="",d=0;dThe Meridian: Documentary Review: House of Cards // execute document.addEventListener("DOMContentLoaded", function(event) { (function() { 'cag[attribution_source]' : 'CNBC US Source' , mpsload.id = "mps-load"; return false; Wall Street began to consume risky mortgages and turn them into products they could sell to hungry foreign investors. No hidden fees, equipment rentals, or installation appointments. var postLoadFunctions = {}; Oliver Stone and Joshua Goldstein on why governments are hesitant to VIEW DOCUMENTARY AT: . var CNBC_MPS_FRANCHISE_TAG='cnbc__news_releases'; )+[a-zA-Z]{2,}))/; An upcoming CNBC documentary investigates the origins of the global economic crisis and calls Orange County the birthplace of the sub-prime mortgage. For personal and non-commercial use only. script.setAttribute("async", true); mps._queue.mpsloaded = mps._queue.mpsloaded || []; Mitch Weitzner is the Executive Producer of CNBC's Long Form Unit. Sunday, March 1st Midnight ET Sunday, February 15th 9p ET Greenspan also admits that even he did not understand the details of the more complex securities on the market. This film shows how greed from the banking industry contributed to one of the biggest meltdowns in the housing market. The Investors / House of Cards (Video Preview). document.cookie = "__adblocker=" + (adblocker ? console.log('PUB-GDPR-CHECK oneTrustCookie matches: ', matches); isEEARegionCheck(); Bernie Madoff & The $50 Billion Heist, The Money Chase: Inside Harvard Business School, NEWBOs: The Rise of America's New Black Overclass, Run for the Roses: the Kentucky Derby and the Business of Horse Racing, Planet Of The Apps: A Hand-Held Revolution, Mob Money: An American Greed Special Presentation, Top subscription boxes right to your door, 1996-2023, Amazon.com, Inc. or its affiliates. Please note that the Shop Hulu site is owned and operated by Snowcommerce. Watch on 2 different screens at the same time. Today, it is a grim reality, with bailouts, bankruptcies, and massive layoffs all stemming from a complex problem with a simple name: the credit crisis. if (cEnd === -1) { William Cohan. Would recommend everyone spend the time to view this. mps._adsheld.push(adunit) Sign up for free newsletters and get more CNBC delivered to your inbox. The unfortunate thing that grew out of that was a program that was a very inappropriate loan program for a lot of people that took it," he said. " Stream every touchdown from every game, every Sunday during the NFL regular season with NFL RedZone, along with hundreds of hours of live sports motorsports (MAVTV), horse racing (FanDuel TV/FanDuel Racing) to hunting and fishing (Outdoor Channel, Sportsman Channel). var d = new Date(); const url = `${window.location.pathname}${window.location.search}`; mps._queue.adview = mps._queue.adview || []; ), Watch CNBC's "House of Cards" -- to understand the problem, Ways to get involved in the upcoming elections. 'keywords' : '~' , 'hline' : 'Mad Money' , const name = ONE_TRUST_COOKIE_NAME; Trailer: Get to Work. Cnbc Original Documentary "House of Cards" Uncovers the Reasons Behind David Faber is excellent in providing a clear path thru the complex perfect storm of events that nearly destroyed our financial system. Kos Media, LLC. ', window.location); Download titles to your supported device for on-the-go-streaming. Reported by Scott Wapner. SOCIAL_MEDIA: 8 "Houses of Cards," a CNBC original documentary about the credit crisis, premieres Thursday night at 8 PM and midnight ET. } Please try again. mps._queue = mps._queue || {}; You'll see the sport's greatest successes, biggest misses and the resulting challenges and how even in this tough economy, Thoroughbreds are big business. The bottomline after all this rambling is that House of Cards was a pretty interesting story to watch and I think you'll find it entertaining, angering and educational. , Run time By Joanne Ostrow It gives a presentation of the basic percepts which led to the occurrence of the current crisis of the program. const url = `${window.location.pathname}${window.location.search}`; 'cag[configuration_franchise]' : 'CNBC: News Releases' , Question: House of Cards documentary CNBC: After reviewing the Documentary determine who were players involved in the financial collapse. '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; Live TV may vary by subscription and location. : Unfortunately the presentation was biased beyond belief blaming the whole collapse of the mortgage system on George W. Bush. mps._urlContainsEmail = function() { 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 The Denver Post } Find the Credit Card for You. 'cag[type_franchise]' : 'CNBC: News Releases' , 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. 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. console.log('PUB-GDPR-CHECK all blocked. if (mps.response && mps.response.dart && typeof(mps.response.dart.adunits) === 'object') { After months of apparent reluctance to engage with Kyiv on the same level . See here for the latest updates. if(typeof window.MediaSource !== 'function') { mps._queue.mpsinit.push(function() { See the firsthand account of how this happened. 'pubdate' : '1233619458' , 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. Collectively, the investment firms involved manage a combined $62.3 billion in assets, according to Crunchbase figures. 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. if (!mps._ext || !mps._ext.loaded) { Amazon.com: House Of Cards : David Faber, David Faber: Movies & TV }); } 'cag[configuration_franchise]' : 'Mad Money' , mps.__timer = Date.now ? })(); Watch CNBC's 'House of Cards' Thursday Night Please try again. mps._queue.adclone = mps._queue.adclone || []; return unescape(document.cookie.substring(cStart, cEnd)); House of Cards: Season 1 (Extended Trailer) Episodes House of Cards. console.log('PUB-GDPR-CHECK oneTrustCookie: ', oneTrustCookie); 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. Their commentators are ignorant morons who contribute to every bubble on the way up and act blameless on the way down. If you ever want to understand the mortgage meltdown we experienced a few years ago, this is the documentary to watch!!! 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. }, mpsopts = { "":"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(! var _qs = window.location.href; 'subtype' : 'section' , CNBC_Comscore = 'CNBC_TV'; }); (function(){ mps.cloneAd = function() { return false; } typeof mps._gptfirst == "function" && mps._gptfirst(adunit, slotid); 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. 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. )+[a-zA-Z]{2,}))/; var slotid = "mps-getad-" + adunit.replace(/\W/g, ""); Watch on your favorite devices, including TV, laptop, phone, or tablet. } } else { if (cStart !== -1) { Watch CNBC's "House of Cards" -- to understand the problem - Daily Kos mpsload.src = "//" + mpsopts.host + "/fetch/ext/load-" + mpscall.site + ".js?nowrite=2"; return '' if (isOneTrustAnyBlocked()) { }).catch(() => {}); 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 . Customer Reviews, including Product Star Ratings help customers to learn more about the product and decide whether it is the right product for them. } 'cag[related_related]' : 'Economy|Alan Greenspan|The Fed|World Economy|Credit|Housing|Stock Picks|stocks' , } Best 0% APR Credit Cards. 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. A 3 . }; } Jonathan Wald is the Senior Vice President, Business News at CNBC. He was the most powerful business man in the country, who had the presidents ear any time he wanted. // , ASIN }); Award-winning correspondent David Faber investigates the defining story of our time. , Director 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']; --Internal email Wall Street, 12/15/2006 From tips for running a business, to pitfalls to avoid, /r/business teaches you the smart moves and helps you dodge the foolish. }; script.setAttribute("onload", "setAdblockerCookie(false);"); } "true" : "false") + "; expires=" + d.toUTCString() + "; path=/"; } Reddit and its partners use cookies and similar technologies to provide you with a better experience. Got a confidential news tip? His business was to pool mortgages and sell them to investors who would then get the monthly payments those mortgages produced. CNBC investigates the causes of the 2007 financial crisis by examining the roles of mortgage lenders and Wall Street financiers in the disaster. if (result && result.geo && result.geo.country_code) { House Of Cards - P1.mp4 - YouTube Additional terms apply. mps._queue.refreshads = mps._queue.refreshads || []; Most new episodes the day after they air. 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 . CONTENT_SELECTION_AND_MEASUREMENT: 7, Americans are facing the most crushing economic crisis since the Great Depression. Best Balance Transfer Credit Cards. ), The Lenders / House of Cards (Video Preview). 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. Feb. 13, 2009. My purchase of this item was to use it in a class I was teaching on White Collar Crime. mps.cloneAd = function() { return false; } Enjoy a collection of popular favorites in Spanish CNN en Espaol, Discovery en Espaol, Discovery Familia, ESPN Deportes, History Channel en Espaol, and Universo. 'template' : 'story' , head = document.head || document.getElementsByTagName("head")[0], mpsload = document.createElement("script"); 'cag[attribution_author]' : 'Tom Brennan' , } What is "Moral Hazard"? 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.Peloton Outside Of Foot Pain,
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