CNBC "House of Cards"

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"House of Cards," the definitive look at the origins of the economic crisis, premieres on Thurs., Feb 12 at 8pm ET on CNBC. See the inside accounts from key players, tracing the calamity from Main Street to Wall Street to Washington. CNBC even reveals how one savvy investor even profited - by 600% - as the house of cards fell. Watch preview and see web extras athttp://houseofcards.cnbc.com.







This is the definitive record of today's unprecedented economic crisis.
 
I enjoyed it. Greenspan near the end, in my opinion, admits he knew it was happening, and did nothing because he wanted to see his simcity grow.
 
Yes, it was very interesting to see them analyze the "start" of the decline back to the days following 9-11. Well worth watching.
 
I was amazed at Daniel Sadek.

The show said he went from selling cars, barely making ends meet, next he's making $5 million a month.

Incredible!
 
I thought the program provided a good chronology and a nuts & bolts explanation for the mess, but it absolutely failed by refusing to place any blame on borrowers for their actions. I never heard the words "It was my fault" by a borrower until 1:45 in the program... and, of course, the dumb lady qualified that by saying it was really her mortgage broker that pushed her into it.



Ugggghhh.
 
[quote author="tenmagnet" date=1235178278]I was amazed at Daniel Sadek.

The show said he went from selling cars, barely making ends meet, next he's making $5 million a month.

Incredible!</blockquote>


He was on the more successful end of the bunch, but most people in the mortgage business were exactly like him.



I know a guy who used to work at Ultimate Hobbies who left to do mortgage wholesale. He went from $9 an hour to $15K a month in 30 days. I heard he's working at a 7/11 on PCH now.
 
What amazed me most about Daniel Sadek was when they said he was an immigrant with just a third grade education. That's the American Dream for you.



I remember hearing about 20-year-old high school drop outs who were making more money in one month than a doctor makes in a year. I used to think, where does all of this money come come, but now I know it never really existed.
 
[quote author="no_vaseline" date=1236131946][quote author="tenmagnet" date=1235178278]I was amazed at Daniel Sadek.

The show said he went from selling cars, barely making ends meet, next he's making $5 million a month.

Incredible!</blockquote>


He was on the more successful end of the bunch, but most people in the mortgage business were exactly like him.



I know a guy who used to work at Ultimate Hobbies who left to do mortgage wholesale. He went from $9 an hour to $15K a month in 30 days. I heard he's working at a 7/11 on PCH now.</blockquote>


Did he save anything or what?



-bix
 
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