Financial Crisis for Beginners

I came across this rather fantastic assortion of articles that explain the current economic crisis in very lay man terms. 

Ever since I became aware of the global financial crisis, I have been fascinated by the systemic breakdown of the American economic system, and its ripple effects being experienced by the world. Reading articles, blogs that offer different perspectives on the roots of this breakdown, while being interesting, can also become mind boggling for a person who wants to know the basics, and work up towards that. Like any paradigm, today, the amount of articles posted on the financial crisis is so overwhelming, that to search for the root causes is like searching for a needle in the haystack. This page is an excellent starting point for people interested.

I had tried to summarize my understanding of the financial crisis in my own layman terms in my other blog. The contents might not be extremely accurate as the article was written just as a personal excercise. 

I am confident that the current economic turmoil will be case studies and lessons for many batches of MBA programs in the future, and this site will be extremely useful.