Remember How We Got Here

I linked to the video on YouTube "Burning Down The House" in the last month or so, but I think it needs to be out there again.  The policies of Jimmy Carter, Bill Clinton, and Congress got us into this mess by pressuring banks to issue loans that would not be paid back.  This is the trigger for creating worthless paper to shift the financial risk away from those responsible for the problem.  The video explains it well.  Please watch it, and remember it when you hear the debate about bailing out General Motors.