Some links to questions I had

except that I do not understand the answers well.

'Keep things in cash' says Roubini in Roubini on CNBC .

It is more Minsky than Marx says a Marxist in Marx: less relevant.

Brad Setser in The end of Bretton Woods 2?:
"...Bretton Woods 2, as it evolved, hinged both on the willingness of foreign central banks to take the currency risk associated with lending to the US at low rates in dollars despite the United States large current account deficit AND the willingness of private financial intermediaries to take the credit risk associated with lending at low rates to highly-indebted US households.
The second leg of the chain collapsed before the first. And it collapse looks set to deliver a nasty shock to everyone – including the countries that supply the US with vendor financing."
And Yves Smith develops that theme in Bretton Woods 2, R.I.P.

Dani Rodrik goes back to Tobin Some old wisdom from Jim Tobin:
"The proposal is an internationally uniform tax on all spot conversions of one currency into another, proportional to the size of the transaction." and asks "How about generalizing this idea to all securities transactions, domestic as well as international? If leverage--short-term debt--is a big part of the problem, isn't taxing it an important part of the solution?"

And finally New York Times has a special section Credit Crisis — The Essentials.
P.S. In the comments section of Chris Dillow's post "Marx:Less Relevant", Noah disagrees taking his cue from this quote of Marx:
"The ultimate reason for all real crises always remains the poverty and restricted consumption of the masses as opposed to the drive of capitalist production to develop the productive forces as though only the absolute consuming power of society constituted their limit."