An award-winning journalist and New York Times best-selling author, David Faber is a co-anchor of CNBC's "Squawk on the Street" (M-F: 9 a.m.-12 p.m. ET) and an anchor and co-producer of CNBC's acclaimed original documentaries and long-form programming.
During the day, Faber breaks news and provides in-depth analysis on a range of business topics during the "Faber Report." In his 20 years with CNBC, Faber has broken many big financial stories including the massive fraud at WorldCom, the bailout of the hedge fund Long Term Capital Management and Rupert Murdoch's unsolicited bid for Dow Jones.
Faber has reported ten documentaries for CNBC for which he has received Loeb, Emmy, Peabody and duPont awards.
His book, "The Faber Report," was published by Little, Brown in spring 2002; his second book, "And Then the Roof Caved In," was published in the summer of 2009 by John Wiley.
He holds a bachelor's degree in English from Tufts University.
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In a candid interview, the 'father' of the mortgage backed security offered important insights on the state of the housing market and the market for securitized commercial mortgages, while also proving willing to accept criticism of the industry he helped to create.
With its extended go-shop period having expired and with no other bidders showing up, shares of J Crew are still hovering at or above the price of $43.50 that its private equity buyers have agreed to pay.
Investors in Emergency Medical Services Corp. are scratching their heads with one hand and calling their lawyers with the other as they try to understand how the company paid $300 million in “transaction costs” for its $3.2 billion leveraged buyout and why those costs were included in the purchase price.