Phillip Swagel’s “The Financial Crisis: An Inside View“. It is a meaty 50+ page document but it is full of great lines such as the following:
A lesson for academics is that any time the word “force” is used as a verb (“the policy should be to force banks to do X or Y”), the next sentence should set forth the section of the U.S. legal code that allows such a course of action—otherwise, the policy suggestion is of theoretical but not practical interest.
Swagel was the former Assistant Secretary for Economic Policy under Henry Paulson. He served from December 2006 until January 2009.