The Bubble Decade: America's Economy after 2000
The first ten years of the 21st century formed one of the most dramatic periods in American economic history—a time of ambition, innovation, excess, and implosion. In this CNBC Original documentary, award-winning correspondent David Faber examines the three economic bubbles that defined the decade. Beginning with the tech bubble, Faber looks at AOL’s audacious 2001 takeover of Time Warner, a deal that signified the ultimately fruitless hopes of the dot-com craze. The decade’s middle years brought the housing boom and the real estate bubble, with banks eagerly funding new construction and developers and homeowners jumping at loans they couldn’t afford. The final bubble Faber examines is the credit fiasco, exemplified by private equity deals and leveraged buyouts which saw targeted companies loaded up with debt and ruined. Profiling Internet entrepreneurs, real estate speculators, and corporate takeover specialists, Faber also moderates two panels of experts and key players.