Posted by The Real Don Johnson on Thursday, February 26, 2009 10:35:46 PM
I don’t normally watch CNBC, in fact it is not even on my favorites button on my remote. However, we had guests and Dick wanted to check CNBC to see how the markets were doing. We never got around to that, because we stumbled on to a special report called “A House of CARDS”. This is an astounding report, and I encourage you to watch it if you can. It’s not any kind of political program, but rather a look into the so called “Sub-prime” mortgage meltdown. The program is heavy with interviews with a number of players in this meltdown; from some of the principle movers and shakers, Alan Greenspan, some real estate buyers of these sub-prime mortgages, and even a few politicians along the way. A scary, but I feel a very informative look into what happened that has affected many of us.