Rolling Stone Magazine Reporter Matt Taibbi published an article on March 19 entitled, "The Big Takeover". In it he comprehensively details how the world got into the financial mess. He lays the blame squarely on certain specific actions in the US financial markets, and goes on to postulate that a takeover play is underway.
While I do not agree with him on the takeover of the financial markets by the US Federal government, his article is one of the best in explaining the mess. Follow this link directly to the entire article in Rolling Stone Magazine: