The Roots

of the financial crisis. An eleven minute history lesson on how we got where we are. I found the music distracting and turned it off so I could concentrate.

Update: Don't have eleven minutes? Screen shots going by too fast? Then read this article, which makes the same argument complete with links. Sample:

As clearly evidenced by on-the-record events from the past decade, this debacle is only the fault of Republicans in so far as they failed in their numerous attempts to rein in the financial fraud being committed by Fannie Mae, Freddie Mac, the Democratic Black Caucus, the Democratic leadership in Congress, and yes, even Barney Frank and Barack Obama, personally.

We now know that the entire sub-prime mortgage meltdown that caused this crisis can be laid directly at the feet of Democrats in the Clinton Administration, especially Franklin Raines and Jaime Gorelick. We know that Wall Street can hardly bear all the blame, when Congress forces lending institutions to make loans to people who could never afford to pay them back. And it was this huge influx of money into the housing market that inflated the bubble, which crashed last month, and still hasn't stopped wrecking our economy and credit markets, like a line of falling dominoes.