2/14/09

CNBC Special: House Of Cards

Anyone who works in the mortgage industry, or has in the past, would really really enjoy this show! It was a 2 hour special on CNBC, but it repeats i think, and its also available on DVD.

Its on actully TONIGHT at 10pm on channel 24 (cnbc) ... but its VDAY, so i hope you have other plans haha, just look for a repeat or DVR the hell out of it.

Its a 2 hour special which interviews many officials at a lot of major companies, and they explained a lot of stuf which we all dealt with every single day!

Where did the option arm come from? who benefited from this? did the SEC haev any issues? who was buying this stuff? Why didnt they foresee the mass default flood? why didnt officials put a stop to it? etc, lots of interesting topics covered!

There were a lot of interviews with Greenspan on many of the mortgage issues. And they kinda explain what the lifespan is of a defaulted loan. It was interesting to hear the opinions from americas top economist on those questions.

Very interesting, and for 2 hours it had me locked to the TV, and it really hit home!

http://www.msnbc.msn.com/id/29163182/

channel 24 tonight at 10pm, go DVR it :)

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