Finally, a clear explanation of how the bailout will work - as well as a review of the basics behind the Fed and the intricate financial instruments on Wall Street. Skip the first 15 seconds if you're in a hurry. The vocabulary has been watered down slightly from the normal jargon of the Dept. of Treasury and Wall Street gurus, but it's still accurate. Indeed, they've done a tremendous job in explaining the details. If you been puzzled by collateralized debt obligations (CDOs), swaps, derivatives, mark to market, and other core concepts associated with the bailout, this should make it all clear. If I'm not mistaken, the voice is that of Henry Paulson, Secretary of the Treasury - or is it Alan Greenspan? Watch this while relaxed. Hum a little. This will help.
I'm not kidding - it's amazing how meaningful some of the statements in this video are, so strangely aligned with the messages emanating from the White House and Wall Street. Maybe they are much more into religion than I thought?
I especially recommend the middle portion, about from about 2:45 to about 4 minutes into the clip. Nice parallels.
