House of Cards

My wife and I watched David Faber's "House of Cards" on CNBC. I highly recommend that everyone watch this 2-hour special. It does a very good job at detailing how we got ourselves wrapped up in this situation. It covers all angles and delves into Mortgage Backed Securities and Collateralized Debt Obligations. In my opinion, it was a combination of greed and lack of checks and balances. Believe me, there is enought blame to go around. Check it out!