"CNBC REPORTS 2008: A YEAR ON THE BRINK" PREMIERES DECEMBER 19TH (ALL TIMES ARE ET)
"CNBC REPORTS 2008: A YEAR ON THE BRINK" premieres on Friday, December 19th at 8PM.
The show re-airs on the following dates:
December 21st at 8PM
December 24th at 7PM
December 25th at 4AM(Christmas morning)/6PM/12AM
The title says it all, as CNBC's Maria Bartiromo reports, 2008 will go down as a year of intense fear and hope. A year where our economy, our values and our future are shaken to their core. On Wall Street two pillars of investment banking vanish. CNBC takes you inside the almost unimaginable collapse of Bear Stearns and Lehman Brothers. Beyond the carnage on the street, the unprecedented credit crisis almost taking down the nation's two biggest mortgage giants, Fannie Mae & Freddie Mac not to mention insurance giant AIG. And as 2008 comes to a close one of the true fabric industries of America rests uncomfortably on the verge of bankruptcy. Ford, GM & Chrysler truly are on the brink.
2008 will also be remembered as a year when some of the mighty fall and fall hard -- New York Governor Eliot Spitzer, the sheriff of wall street & poster child for ethics, forced to resign as governor because of a prostitution scandal. It was year of historic achievement -- Americans electing their first African American president Barack Obama and American swimmer Michael Phelps captivating a country with his record breaking performance at the Beijing Olympics.
From the stock market's wild ride, to the trillions of dollars in loses on the street, to the historic 700 billion dollar bailout, to crude oil's record setting rise and fall, in so many ways 2008 will go down as a year most folks would like to forget.
CNBC Reports through the prism of the smartest minds in financial journalism on the highs and lows, the laughter and the tears of 2008.
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. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. 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/.