To put it simply…

Justin Wolfers has a commentary on tonight’s Marketplace contains probably the best 3-minute summary of what got us into this mess in the first place and how the bailout plan failed to be passed by the House yesterday:

To step back and for a more thorough investigation, listen to This American Life episode 355: Giant Pool of Money. Next Sunday’s episode of This American Life will be a sequel to Giant Pool of Money that brings listeners up to speed on all the events since this story was first broadcast in May. I’m looking forward to it.