Burning Down The House: What Caused Our Economic Crisis?

Here's an outstanding new 10-minute video that explains very clearly what went wrong, who made it go wrong, and who tried to head off the catastrophe.



Hat tip: Wizbang

UPDATED AND BUMPED: YouTube took down the original version of the video, as well as two replacement versions, after Warner Music complained about copyright infringement. Their basis was the use of the Talking Heads song "Burning Down the House" in the sound track. The originator of the video, The Mouth Peace, protested that since he was not profiting from the use of the music, it should be permitted under the Fair Use doctrine, but the copyright owner disagreed.

It doesn't really matter, though. The facts come through just as plainly with this public domain classical piano track as they did with the original.

Coincidentally, I'm sure, the man who runs Warner Music, Edgar Bronfman, is a major Democrat donor. Nevertheless, his company owns the copyright and the maker of the video did not pay the licensing fee for the use of the music. Therefore, unquestionably, Warner Music has an absolute right to stop him from using it.