It was, without question, the most comprehensive explanation I have seen of why we are in the economic mess facing us today. I urge you to spend the nearly 1 hour viewing the show to better understand the mistakes that were made and where we are headed now. It clearly explains why lending for homes came to a screching halt, what toxic loans are, and why we must not let this ever happen again.
We regrettably have now begun to nationalize the nation's financial structure as we now own, as citizens, or as our government if you prefer, the 2 largest financial firms in the world, Fannie Mae and Freddie Mac and a percent of the dozen major banking firms.
You can view the show on your own computer and develop your own opinions on how to deal with what the future holds by going to
and clicking on "Inside the Meltdown". It takes a few minutes to load - then click on the Green Arrow and turn up your sound.
You are given the opportunity to download the video by mowing your cursor around the page and playing the program in Real Player at your own pace if you prefer. I also suggest you close any open pages on your browser to ensure a clean viewing of the program.
Folks, IT IS WORTH THE TIME! The better we understand how and why this happened, the better we can individually deal with it - and perhaps even help to prevent our grandchildren from facing this terrible ordeal again!
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