I have been reading about the subprime crisis since some time now (almost 6 months). And it has existed in the financial markets longer than that, almost a year I think. On that front I have come across lots of explanations and it takes some time to adjust to all the terminology. But occasionally I come across some posts which present it in such a manner that it makes for some easy reading.
You can find the original source of my information here. Reproducing for my benefit.
First the presentation.
And the video
Will come up with some more from what I have read.