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House of Cards
CNBC correspondent David Faber investigates the origins of the global economic crisis, with first person accounts from home buyers, mortgage brokers, investment bankers and investors – most of whom let greed blind them, leading to the greatest financial collapse since the Great Depression.
» Slideshow: Inside America's Economic Collapse
» Extras: Inside the "House of Cards"
» Slideshow: Inside America's Economic Collapse
» Extras: Inside the "House of Cards"
WATCH THE FULL HOUSE OF CARDS DOCUMENTARY:
NOW ON DVD
See how the American dream became a nightmare. Award-winning reporter David Faber investigates the most crushing economic crisis since the Great Depression. DVD includes more than 30 minutes of bonus material.
MORE HIGHLIGHTS FROM HOUSE OF CARDS:
The Buyers
Cynthia Simons craved a better life for her family and wanted to leave the crime-ridden area of Compton, Ca. She thought her prayers were answered by a mortgage broker from her church who found the family a house in a safe neighborhood.
Cynthia Simons craved a better life for her family and wanted to leave the crime-ridden area of Compton, Ca. She thought her prayers were answered by a mortgage broker from her church who found the family a house in a safe neighborhood.
The Lenders
Lou Pacific worked for Quick Loan Funding. The company targeted people who couldn't afford a down payment and had poor credit…so-called "sub-prime borrowers." With no shortage of eager borrowers, business was booming and Quick Loan made millions of dollars.
Lou Pacific worked for Quick Loan Funding. The company targeted people who couldn't afford a down payment and had poor credit…so-called "sub-prime borrowers." With no shortage of eager borrowers, business was booming and Quick Loan made millions of dollars.
The Investors
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.
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.
The Federal Reserve
Former Federal Reserve Chairman Alan Greenspan defends decisions he made that critics say laid the groundwork for the crisis. Greenspan also admits that he was puzzled by the more complex mortgage-backed securities on the market.
Former Federal Reserve Chairman Alan Greenspan defends decisions he made that critics say laid the groundwork for the crisis. Greenspan also admits that he was puzzled by the more complex mortgage-backed securities on the market.
