It's the defining story of our time.how the American dream became a nightmare. A Division of NBCUniversal. With no shortage of eager borrowers, business was booming and Quick Loan made millions of dollars. mps._log('**** LOADED: cnbc-cms-header-insert'); Here's a Slideshow for the documentary House of Cards Slideshow, to get a sense of the range of topics covered. var dynamic_yield_enabled = 1 mps._queue = mps._queue || {}; 'is_content' : '1' , Language : Unqualified. var foresee_enabled = 1 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. STRICTLY_NECESSARY: 1, < 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. var pixelurl = ((document.location.protocol === 'https') ? const oneTrustCookie = getOneTrustCookie(); STRICTLY_NECESSARY: 1, }); if (document.cookie.length > 0) { This real explains the crash of 2008 and the housing bubble. 'nid' : '29167221' Compatible device and high-speed, broadband Internet connection required. But I do care about fixing the Mortgage Mess -- and getting it Right this time. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/. const OneTrustCategories = { mps._queue.gptloaded.push(function() { Your recently viewed items and featured recommendations. James Jacoby is writer and producer of CNBC's "House of Cards." Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. mps._queue.mpsloaded.push(function(){ Get this delivered to your inbox, and more info about our products and services. script.setAttribute("onload", "setAdblockerCookie(false);"); About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . Live TV is available in the 50 United States and the District of Columbia only. mps._queue.mpsinit = mps._queue.mpsinit || []; 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. Don't waste your time on this one. 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. Date.now() : (function() { return +new Date })(); if (typeof window === 'undefined') return; The Denver Post if (cStart !== -1) { SOCIAL_MEDIA: 8 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. document.addEventListener("DOMContentLoaded", function(event) { 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. Award-winning correspondent David Faber investigates the defining story of our time. mps.__timer = Date.now ? Data is a real-time snapshot *Data is delayed at least 15 minutes. Watch CNBC: House of Cards return _regex.test(_qs); cEnd = document.cookie.length; )+[a-zA-Z]{2,}))/; s.src = "https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/03/28/VisitorAPI.js"; Highlights of CNBC Original Productions including documentaries and special prime time series hosted by CNBC anchors and reporters. (function() { . 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. } Jill Landes is co-producer. 'content_id' : '28984151' , CNBC_Comscore = 'CNBC_feeds'; Best 0% APR Credit Cards. } script.setAttribute("async", true); !e;this.xhrGuids&&!this.xhrGuids[n]&&(this.xhrGuids[n]=!0,this.totalCbs+=1)}),f.on("xhr-load-removed",function(t,e){var n=""+p(t)+! const name = ONE_TRUST_COOKIE_NAME; if (EEA_REGION_COUNTRY_CODES.includes(result.geo.country_code)) { } else { 'path' : '/id/28984151' , Get Hulu, Disney+, and ESPN+, all with ads, for $12.99/mo. } Tomorrow (Thurs Feb 12), the CNBC Original "House of Cards" will premiere at 8p ET / 9p PT on CNBC. CONTENT_SELECTION_AND_MEASUREMENT: 7, Also, in a rare interview, Faber speaks with one of the few savvy investors who bet against the mortgage-backed security fever . Privacy Policy. mps.cloneAd = function() { return false; } (And NO, I don't work for CNBC! Collectively, the investment firms involved manage a combined $62.3 billion in assets, according to Crunchbase figures. There was an error retrieving your Wish Lists. They didn't go in to the government involvement as much as I would like.Barney Frank and his policies did more to destroy the financial lives of more people than any loan company or S&L combined. Date.now() : (function() { return +new Date })(); }; CNBC's "House of Cards" will re-air on Sunday, February 15th at 9PM ET and Monday, February 16th (President's Day) at 8AM, 8PM and 12AM ET. An Emmy, Peabody, and Dupont award winner, David Faber is the anchor and co-producer of CNBC's acclaimed original documentaries as well as a contributor to CNBC's "Squawk on the Street.". January 25, 2008 / 12:51 PM / CBS. (function() { Due to streaming rights, a few shows with an ad break before and after. --Internal email Wall Street, 12/15/2006 console.log('PUB-GDPR-CHECK'); The presentation clearly showed the pro-Democrat bias of CBS and 60 Minutes. , ASIN mps._queue.refreshads = mps._queue.refreshads || []; return Object.values(OneTrustCategories).filter((c) => blockedCategories.includes(c)).length > 0; What Are We To Do Global Business and Financial News, Stock Quotes, and Market Data and Analysis. let cStart = document.cookie.indexOf(`${name}=`); var mpscall = { const blockedCategories = decodeURIComponent(matches[1]) 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). mps._queue.adview = mps._queue.adview || []; 'cag[type_company]' : 'Citigroup Inc|Morgan Stanley' , : ), Watch CNBC's "House of Cards" -- to understand the problem, Ways to get involved in the upcoming elections. "true" : "false") + "; expires=" + d.toUTCString() + "; path=/"; } document.cookie = "__adblocker=" + (adblocker ? Faber follows the story from mortgage broker to homeowner, brokers to ratings agencies and all the way to former Federal Reserve Chairman Alan Greenspan. Chronicles the sub-prime mortgage lending debacle in America on Wall Street, which affected global economies as well and let America into a recession. Wrexham, the Welsh soccer club owned by Hollywood A-listers Ryan Reynolds and Rob McElhenney, secured promotion back to the English Football League (EFL) system for the first time in 15 years. Programming subject to regional availability, blackouts, and device restrictions. House of Cards: Season 1 (Extended Trailer) Episodes House of Cards. return _regex.test(_qs); T he pay option negative amortization adjustable rate mortgage is a term commonly associated with "House of Cards" documentary. (function(){ .map(categoryPreference => parseInt(categoryPreference.split(':')[0], 10)); d.setTime(d.getTime() + 60 * 60 * 24 * 30 * 1000); const matches = oneTrustCookie.match(COOKIE_REGEX); For more information, please see our CNBC Originals are the best of the best in non-fiction feature programming, focusing on the business community's biggest stories. 'site' : 'cnbc.com-relaunch' , 'cag[type_creator]' : 'David Faber' , console.log('PUB-GDPR-CHECK'); 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. 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. } CNBC_Comscore = 'CNBC_TV'; /r/business brings you the best of your business section. return true; Act Now! 'cag[configuration_franchise]' : 'Mad Money' , Would recommend everyone spend the time to view this. 'stitle' : 'CNBC ORIGINAL DOCUMENTARY "HOUSE OF CARDS" UNCOVERS THE REASONS BEHIND THE GREATEST FINANCIAL COLLAPSE SINCE THE GREAT DEPRESSION' , cStart = cStart + name.length + 1; CNBC goes inside America's pot industry, worth estimated tens of billions of dollars nationwide. typeof mps._gptfirst == "function" && mps._gptfirst(adunit, slotid); This content was created by a Daily Kos Community member. ''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. Most new episodes the day after they air. A good history lesson on greed and stupidity, Reviewed in the United States on March 3, 2015. The unpaid interest was added to the total amount of the mortgage. if (cEnd === -1) { mps._queue.mpsinit = mps._queue.mpsinit || []; } Release year: 2013. ', window.location); Scan this QR code to download the app now. 'cag[template]' : 'story' , (function() { , Package Dimensions mps._ext = mps._ext || {}; 'title' : 'CNBC ORIGINAL DOCUMENTARY "HOUSE OF CARDS" UNCOVERS THE REASONS BEHIND THE GREATEST FINANCIAL COLLAPSE SINCE THE GREAT DEPRESSION' , In this two-hour special, CNBC investigates the origins of the global economic collapse. var script = document.createElement("script"); The more mortgages lenders provided to homebuyers, the more product Francis would have to sell. Best Balance Transfer Credit Cards. Reviewed in the United States on January 17, 2014. Dallas' Kyle Bass whose hedge fund soared 600% in just eighteen months. // Genres Special Interest, Documentary, Talk Show and Variety What is the broadcast (satellite or terrestrial TV) release date of House of Cards (2009) in Australia? In his new documentary "House of Cards," David Faber knocks one out of the park. } All Rights Reserved. I find it very hard to believe he could not have slowed down the industry or clamp down on oversight and regulation. 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. var setAdblockerCookie = function(adblocker) { } Streaming Library with tons of TV episodes and movies. 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