I recently re-watched this excellent CNBC Original program on the origins of the current economic decline. House Of Cards explains how over-leveraged mortgages were propagated, how these mortgages were packaged by Wall Street and resold internationally, and finally how they led to the decline in real estate prices that caused an unprecedented world-wide credit crisis.

I think the main points to take away from this program are the time-honored lessons of:

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Business · Due diligence · Financial services · Mortgage · Real estate · Refinancing · United States · Wall Street

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