Too Big To Fail — Check out the The Preliminary Staff Report: “GOVERNMENTAL RESCUES OF “TOO-BIG-TO-FAIL” FINANCIAL INSTITUTIONS”.

http://www.fcic.gov/reports/

Click above and the report is on the top right dated Sept 1-2.

This is a pretty well written preliminary report that will help you understand a more complete picture of what caused the credit crisis of 2008. It’s important to gain a complete (or close to it) understanding of what happened (instead of just the typical soundbites that make for “good conversation” at a cocktail party) because that knowledge will help you successfully navigate the future economy and markets.