CNBC's 'House Of Cards' Take on Crisis Airs Tonight
CNBC reporter David Faber's "House of Cards" -- a detailed look at the origins of the housing collapse and its role in the ongoing economic crisis -- will air tonight at 8 on the cable business network.
You can see a preview of the program here.
Faber interviews former Fed chairman Alan Greenspan, who doesn't present the most reassuring profile.
"So everybody in retrospect now knows that that boom was developing under the markets for quite a period of time, but nobody knew it," Greenspan says. "In 2004, there was just no credible information on that. It wasn't until we got well into 2005 that the first inklings that that was developing was emerging."
Best detail in the preview: identifying foreclosed homes by helicopter by their untended swimming pools, which have gone murky green.
Faber is a top-flight business reporter. He was the guy who broke the news of Rupert Murdoch's takeover of the Wall Street Journal two years ago.
February 12, 2009; 10:44 AM ET
Categories: The Ticker | Tags: housing bubble, housing crisis, sub-prime
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