Man, it turns out that if you say "credit default swaps" over and over again it sounds really really funny. Also, everything Gary Ackerman says is kinda funny too.

Oh, see, what happened is, AIG chairman Edward Liddy was called before a House panel today to be shamed by everyone in congress. Most of them are still wrapping their heads around what happened to break everything, but they are pretty sure it involves BONUSES, and also some of them listened to This American Life and so they know allll about the "Credit Default Swaps."

Then Queens congressman Gary Ackerman said something amusing, but DON'T LAUGH, IT'S NOT FUNNY.


Thanks Mike Byhoff and intern Blair Nelson for compiling these.