A friend sent me this documentary, "Inside Job" by Charles Ferguson & Matt Damon, which I would like to add to the blog; it's goes through basic definitions of subprime loans, derivatives and how the 2008 financial disaster happened. Thought the financial terms would be good for all to know. The interviews are eye-popping.
http://www.youtube.com/watch?v=5nCvO6qEbJw