Understanding The Credit Crisis

A useful summary of why and how the credit crunch came about...

Putting politics and rhetoric aside, today's credit crisis is the result of decades of increasingly lax mortgage lending coupled with years of swelling trade and national deficits, a gross lack of oversight both on and off Wall Street, and a cocktail of greed and ignorance that spanned the globe.

And what to do with your investment portfolio? Cry? Sell out now and take the losses? Keep everything and hope that 10 years down the line this was just a blip in an upward slope?