[kds]

There is a book, "Freefall: America, Free Markets, and the Sinking of the World Economy"(2010), by Joseph Stiglitz - an economist of Nobel prize fame and former Chief Economist of the World Bank, who very early saw the coming of the global crisis and was laughed at in 2005-2006 for his opinion, esp. at a then held Davos summit.

In his book he elaborates deeply - but accessibly for "laymen" - what went wrong, how it could be fixed, but against whose interests in US the ideal public policy solution would have been, and so why just a dubious set of half-measures were taken, by whom, and how it might all worsen as situation in the near future.

So far, for the period from 2010 to 2012, what he claims and predicts seems right and rings true to me.