Pretty good and very accessible explanation…
…of the regulatory mess that created the mortgage meltdown. It gets a little partisan and histrionic (though not wrong, I’d wager) at the end, but it’s worth watching all the way through.
UPDATE: And for a more precise explanation of the role of left-wing pressure groups, “community organizers,” and ACORN (who was up until this weekend penciled in Frank & Dodd, et al., to get some huge tranche of money out of the bailout), in driving the politics behind the regulation that led to the crisis, check out Stanley Kurtz’s piece in the New York Post today.
UPDATE 2: Well, the video’s down because of a music claim from Time-Warner. If anyone knows the creator’s name or if it goes back up sans music, e-mail one of us over on the left-hand side.
UPDATE 3: It’s back…for the moment. The internet is a hard beast to kill.
Don’t ask impertinent questions like that jackass Adept Lu.