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HOUSE OF CARDS [PDTV]~Ekolb

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HOUSE OF CARDS
Aired: February 12th, 2009

CNBC ORIGINAL DOCUMENTARY "HOUSE OF CARDS" UNCOVERS THE REASONS BEHIND THE GREATEST FINANCIAL COLLAPSE SINCE THE GREAT DEPRESSION."House of Cards," an original CNBC documentary reported by award-winning correspondent David Faber. In this two-hour special, CNBC investigates the origins of the global economic collapse. The personal stories of key participants: home buyers, mortgage brokers, investment bankers and investors – all of whom let greed blind them to marketplace realities.

It is their words and experiences – not those of pundits or commentators – that bring to life the painful story of the greatest financial crisis since the Great Depression. How a financial house of cards was slowly built following the 9/11 attacks. As the U.S. government tried to revive the economy by repeatedly dropping interest rates, families lunged at the opportunity to refinance their mortgages. Faber introduces viewers to mortgage lenders who drastically reduced borrowers' credit requirements and raked in personal profits of $5 million a month.

Wall Street began to consume risky mortgages and turn them into products they could sell to hungry foreign investors, no matter how risky the package, during the peak of the lending frenzy any mortgage-backed security could find a home on Wall Street. Exploring just how far the effect of the credit crisis extended.

Format : AVI
Length : 700 MiB for 1h 30mn 17s 952ms
Codec : XviD
Source : PDTV

Video #0 : MPEG-4 Visual at 947 Kbps
Aspect : 432 x 320 (1.350) at 29.970 fps

Audio #0 : MPEG Audio at 128 Kbps
Infos : 2 channels, 48.0 KHz

Enjoy!
Ekolb

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