I caught a glimpse of CNBC’s documentary on the financial crisis called “House of Cards” just now and I highly recommend anyone who’s interested on how we got ourselves into such trouble to watch it.
From what I’ve seen, it at least explains:
- How it was a credit crisis to a stock market crisis to a economic crisis.
- What a CDO is and Alan Greenspan’s take on it.
- What some people have done to warn it and how others knew things were going to be bad.
The show, House of Cards, is going to be on CNBC and premiers tonight (2/12/2009) at 8:00pm ET and 12:00am ET.
I really look forward to the show and hope you could enjoy it too!
Update: Here’s a preview of the show for all to enjoy:
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Thanks a million (should I say thanks 890 Billion?) for letting us know about that show. I thought it was good. I was also angry that nobody took responsibility. I was especially peeved at Greenspan. But maybe that inability to take responsibility is the root issue.
Thanks David.