[EasySt]

I don't know Charles Ferguson from Adam, but whoever he is, all he did here was string together the public utterances of a great many of the players involved. There aren't any actors, and the narrative doesn't go much beyond identifying the players as they are presented.

It is damning, and it is all in their own words.

[BenLurkin]

Enough cards on this table have been turned over that the story is now clear. The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.
..
Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street’s efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools. In addition, they held an enormous portfolio of mortgages themselves.
..
In the times that Fannie and Freddie couldn’t make the market, they became the market.