>How did the financial crisis evolve?
>
>CNN's Ali Velshi explains how we got into this financial mess in straightforward terms
>
> (Warning: 14sec ad before the video)
>
>
http://www.oprah.com/media/20081003_tows_ali>
>(There was more on the actual show, and Suze Orman followed up with what to do and what not to do right now, but I can't find the videos for any of that)
And in plain words:
- citizens taken loan/mortgage without even thinking whether they can afford payment or not (either stupid, or not responsible or not educated);
- finance service "professionals" do not care whether customer can afford payment or not (either stupid, or not responsible or not educated); those "professionals", they think it is a sign of good economics, when people do not produce anything, do not invent new ideas, but just redistribute money;
- government giving money to those "professionals" from those who pay taxes (?????)
- .......