This SNL skit is actually pretty darn accurate in explaining what really happened.
By the way, Herbert and Marion Sandler are real people. They built Golden West Financial into a subprime giant and then sold it to Wachovia for $24 billion. They walked away with billions of dollars for themselves. They’re also large donors to MoveOn.org and ACORN and have a close relationship with George Soros.
Mysteriously, the above video vanished from the NBC website. Then again, there could be very good reasons why some people don’t want you to watch it.
UPDATE: The unedited YouTube clip above has been removed and NBC has now put up an edited version of the skit deleting some of the items about the Sandlers.
However, you can still see the original skit in all its glory here.