[Douglas]

In the shortest, most concise but easy to understand way, explain the economic crisis and credit crunch.

You can use someone else to do your explaining for you if you would, like I will:

[youtube]KVpgcAeksVw[/youtube]

though he doesn't really explain why interest rates rose so much to cause such a problem, but it's the best I've heard.

[W01f]

[youtube]Q0zEXdDO5JU[/youtube]

[Kman]

The US government set the interest rate too low which caused lending money to become very cheap, this caused an increase in the amount of money that the bank lent out, leading to higher house prices and eventually the collapse of the overly inflated and unrealistic housing prices.

The fact that Fannie and Freddie were giving out huge loans to people that couldnt pay them back was very bad also.

If the US government had kept the interest rate at a healthy 6-7% then this credit bubble would have never formed.

[QatzelOk]

Osama bin Laden blew up the Money Towers, and now, we all have to hate and kill people who are Muslim because of what our media tells us is right.

Obviously, media tells us that our problems are because of "the Arabs," which - coincidentally, is Israel's permanent problem.

But back to the banking elite and our ability to survive... they want you to blame Arab Moslems for their own transgressions. They want to create a scapegoat.