The lessons here are not new. Here are the dangers:
• Greed—buying at the top of a speculative market is precarious.
• If the payment is more than 25% of your monthly income, you can't afford it, regardless of how much house you "qualify" to buy.
• In the words of David Ramsey, "Debt is dumb." Borrowing against equity for unnecessary spending is throwing away your value.
• Interest only loans—if you can't afford a conventional mortgage on your property, you can't afford it when the rates adjust.
• The mortgage company is a for-profit company. You have to watch out for your own interest.
• You, the consumer, have to take responsibility for your own security. Don't count on bailouts or legislative protection.
Finally, don't buy into paranoia. Mortgage lenders don't need to be bailed out. They understand the risks of real estate investing and cut their losses by selling dog properties. The losers are individuals who bought above their means, using mortgages they shouldn't have considered in the first place, speculating on a bubble they knew had to burst.

I bought a trailer because I didn't want to get conned into these programs to get a house.  Yes, Wall Street and these companies share the blame, but I'm sorry, people have to start accepting personal responsibility for their decisions.  If you KNOW you can barely afford something when it's 0% interest, then you KNOW you can't afford it when interest kicks in etc etc.  If you are going to buy a house, it should follow that you know and understand what you are signing.  If you don't understand, ask or don't sign.  Greedy, gullible brainwashed consumers helped create this mess.  I feel bad for them, yes, but in this case I can't totally blame Big Business!
PS:  I digest and retain the written word much better than videos and can also store the written word for later review.  IMHO there are way too many videos appearing lately.