Believe it or not, some of the best commentary I’ve found on the financial crisis sweeping the globe has been on the Essential Baby forum. Two posts by someone called LucyE, made in the week leading up to the approval of the bail out plan, are particularly good. The second post is the better of them. I just thought that this was an excellent, easy to understand high-level explanation of the current situation and what is likely to happen. LucyE’s posts were obviously appreciated by many of the members of that forum.
I also appreciated the below video explanation of collateralised debt obligations (CDOs), which are at the heart of the current problems. Worth a look. More in depth than LucyE’s analysis, but still understandable for the lay person. (Via Presentation Zen.)