YouTube Video -Burning Down The House: What Caused Our Economic Crisis? -True?

[cyberpj]

I sent a friend the 45 pane stickman cartoon to help explain the sub-prime scenario...
this one:
http://www.businesspundit.com/sub-prime/

...and he sent me this in return.

http://www.youtube.com/watch?v=H5tZc8oH--o


I know there is some truth to this but I'm not knowledgeable enough to know if it's all true or not.

Can some of my more learned DU friends help me out here?

I need some education before I respond to him.

[golddigger]

1. It is true!

:popcorn: Edited to add: You will not get many replies to this and if you do I hope you have your flame resistant suit on.

[louis c]

2. I bet that the conversations went just like that.