Where Did the Current Economic Crisis Come From?

As closely as we've all been following the economic, um, situation, it's complicated enough that just when you think you've got a handle on it, you come up short. That's why I was delighted when Nurse DeAnna sent this video my way explaining the roots of the problem — that stretch all the way back to the Carter administration and the Community Reinvestment Act.

Now don't let the length of the video scare you off, it flies by — and sound not necessary, though the music is pretty good. It's a pretty Spurlocky breakdown of the whole history of the mortgage business complete with facts, figures, and encouragement to Google the details for yourself. The video plants a good deal of the end-blame square in Obama's lap, and since it's a compelling, though a not unpartisan look at the crisis, I'd love to know what you think. Does the video succeed in explaining it? Did you learn stuff — or are you fired up?

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