I thought I should further note that this blog is very much a "big picture" blog, not one about the financial markets, however exciting they might be at the moment. However, I will certainly be willing to relate, for instance, material from this The Trouble with Capitalism book I've been reading to the current crisis situation. It's hard not to; the book keeps going on about moral hazard, lender of last resort, deregulation; and the comments about Bear Stearns and its ilk keep bringing up those very same things.
If you are looking for more on the more immediate matters of the financial markets, I'd suggest almost any of the blogs listed over to the right under "Blue Team". Most of them give fair to excellent discussion of the current markets, especially Angry Bear and Calculated Risk.