Pretty much. I turned it off part of the way through because it was irritating me. The premise I got from it was that the economic crises was caused by deregulation of the banks (they used Iceland as the beginning example). Deregulation of the banks, is of course, equivalent to free market policies, therefore, free markets and capitalism are bad and more government oversight is needed. I should probably finish the rest of it to be fair, but I don't really want to waste my time.
government sponsored oligarchies != the free market
Exactly what is it that causes the emotional reaction you are describing?
The claim that the economic crisis was caused by deregulation (or not enough regulations) of the banks?
Yes, the deregulation caused the problem. The solution is not more regulation, though, but rather abolishing the monopoly on money. Let banks run competing currencies, or least put the United States back on the gold standard.