How we got to where we are

I'm not an idiot, but neither am I an economist. So I talked with my brother (the finance executive) today and we chatted about the current news from Wall Street and Washington.

I still don't understand it all, but I have a better idea about what's going on.

I sent him the link to this video:

(Video via Ace.)

It makes sense to me, but I'm more interested in what my brother the banker has to say about it.