This is simply brilliant:
The Crisis of Credit - a brief and illuminating video
It hs been posted on a number of econo-blogs and deserves wide exposure. When you have a friend or family member who doesn't get what happened with the financial collapse and doesn't understand the difference between a CDO and a CDS, give them this link.
Come to think about it, maybe someone should send this to the administration so they can see just who the guilty players are in the current crisis.