Are We Going to Buy the Bezzle, is a well-written piece on dailykos by Rep. Brad Miller, which explains some things about the current financial crisis. Recommended read.
PS: Bezzle
PPS: I mentioned previously that I'm reading James Grant's "Mr Market Miscalculates". There are some essays in there from September-October 2006, which elucidate the rather rotten structure of CDOs (Collateralized Debt Obligations) based on subprime mortgages. The financial industry really indulged in free market malfeasance.
One year with the Epson ET-8550 printer
4 hours ago