I first met Mark in London several years ago when he was covering a conference for Bloomberg News. Since then I have read all of his Bloomberg posts including a chapter from this book.
I find him insightful and with a dry wit. But the main thing is we Americans tend to view the world from Washington or New York. As a result we miss much of what is occurring, especially when our economists and talking heads don't realize there are people out there not making $250,000 or more, which is why they do not understand what is happening. Like the FT and The Economist, Mark provides that perspective.
There are two books which I believe you should consider to accompany this book:
Simon Johnson, "13 Bankers: The Wall Street Takeover and the Next Financial Meltdown"
Edward M. Gramlich, "Subprime Mortgages; America's Latest Boom or Bust"
Both of these men have done a great service...perhaps they and Mark can wake us up before it is too late.