AIG Bailout Further Explained

I'm no economist so I am trying really hard to understand this mess we're in. It's difficult to find well-written articles explaining in simple language who did what to whom and why. This is the best article I've read yet about why AIG was in such bad shape (specific things they did/did not do and how they communicated to other financial entities about risk/return) and why they continue to need the gobs and gobs of taxpayer dollars they're getting. It doesn't look like it's going to end anytime soon.
Also this:

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.