So, doubtless you have all seen this video. It's ten minutes long, and provides a straight-line explanation for the current financial crisis.
We have had a good discussion on the matter below. Since this video is taking off and has gotten a lot of attention, though, I'd like to hear some focused criticism on its claims. Where is it wrong? How is it right?
I'll start: this is plainly a partisan video, that intends to cast blame on one side where there is blame to go around. That isn't helpful when Speaker Pelosi does it, and it isn't helpful here. In terms of understanding the crisis, though -- as opposed to laying blame for it -- where is it right, and where is it wrong?
UPDATE: Per the comments, YouTube has pulled the video. It can now be viewed here.