House of Cards
What better way to understand a financial disaster than to meet the kind of people who created it? This CNBC Original documentary investigates the origins of the global economic crisis through eyewitness accounts from mortgage brokers, investment bankers, naive home buyers, and equally naive investors-as well as former Federal Reserve chairman Alan Greenspan, who encouraged shifts away from traditional lending during the early and mid-2000s. Viewers encounter ex-CEOs of companies that targeted subprime borrowers, credit rating officials who enthusiastically widened the definition of the AAA rating, and a hedge fund manager who profited from the housing crash by investing in credit protection.
|Author:||Rick Young, (Director); Emma Schwartz; Fritz Kramer; Laura Sullivan; Daniel Sheire, et. al.|
|Publisher:||[Arlington, Virginia] : PBS, [Arlington, Virginia] : Distributed by PBS Distribution, ©2017|
DVD video : NTSC color broadcast system : English
Library Call number: HD7287.96.U6 P684 2017
Looks into reasons why despite billions of dollars going into subsidized housing for the poor, many in need experience difficulty acquiring adequate housing. Explores racial inequality in the housing market.