An outstanding explanation of our credit collapse

Since the Salem economy is being rocked hard by the real estate meltdown and the resulting wave of bank collapses, it's helpful for us to understand how we got here, and this outstanding short video does a tremendous job simplifying the explanation without leaving out important parts of it. From the site:

"The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California."