This financial crisis is unique. It is over covered by the media but it’s difficult to find information that really help in the understanding of what happens. The links below helped me to better figure out what is going on:

• I found one reference in this techdirt post very useful: It’s a podcast for this American life called  365: Another Frightening Show About the Economy . This 60 min podcast contains a very clear explanation of the crisis: Paulson bailout plan, possible alternative, What is Credit Default Swap, ..
• In June Financial Sense published this editorial that predicted the crisis that we live today . Again the main concern is about Credit Default Swap