The Trillion Dollar Meltdown

The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
I rated this book 5 stars for its timeliness.
In my opinion, most people do not even begin to understand what is going on in the credit market and those who could are either in self-denial or lying to the public. This book is an excellent primer on the subject.
I expect that by the time more in-depth books are written the problem will be evident for all to see.
The last chapter, although well intentioned, is highly opinionated. However, the rest of the book is objective.
I am learning a lot reading this, even though I've followed the economy for years. The preface summarizes the situation and outlines the book, but is maybe slightly dense and technical for the average person. But the first chapter is great for giving perspective on how the US economy has evolved, especially the troubles of the stagflation period and what caused that. The book goes up to November 2007, with a clear understanding that the credit bubble was going to have to unwind, and it was either going to cost $1 trillion, or, if the government tried to paper it over, a lot more.