This is the BEST 3-minute explanation I have seen.
(I C&P'ed from The Consumerist, which I love to read....)
"If you or someone you know still scratches their head when trying to understand how the financial crisis began and played out, the Washington Post has a 3-minute slideshow with voiceover by business reporter Frank Ahrens that clearly and succinctly explains how it all happened. The pictures are pretty, too...."
I cannot, for the life of me, figure out why Blogger hates me and won't let me post actual links anymore. Argh!!
Nonetheless, go watch it...