I stopped reading at "toxic assets like financial derivatives." That sentence either suggests that the author has very little understanding of finance or has a sensationalist motive. Either way, there are much better articles and books to read about the financial crisis than this junk.
The comments on reddit and the article itself almost make me support the NSA's surveillance programs; people can be convinced of anything given the right emotional rhetoric. Literally the left wing equivalent of the tea party, and more terrifying.