Senior Editor Paddy Hirsch goes through well-done explanations of the general crisis, CBOs, Credit Default Swaps, Margin Calls, and much more. For those so inclined, the added bonus is that he is attractive with an accent and a lock of hair that Falls Just So. I'm sure there are stalker sites for him by now.
Here's a few good ones (videos, not stalker sites), and you can find more in the "Related Videos" on YouTube for any one video.
The Credit Crisis as an Antarctic Expedition
Untangling Credit Default Swaps
Uncorking CDOs (Collateralized Debt Obligations)