Here is a good presentation by Matt Taibbi, wherein he explains in easy-to-understand terms what actually happened with the banks and their predatory lending practices that lead to the sub-prime fiasco. Institutionalised greed with everyone spining and spinning and scared to get off, this fiscal mess has now spiralled out of control:
http://www.youtube.com/watch?v=OKLI2gqy-4g&feature=player_embedded
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