The credit crisis. Has the Great Winter of the markets arrived ?

Perhaps we can discuss the reasons, the cure, and the fallout of the Market/Banking crisis.

This seems to me the arguably most important issue in today's world.

We are all tempted to play the blame game, look for the usual suspects and make political points.

Are we thinking the right way around these issues ?

I will try to add some historical banking practice stuff as your comments flow.

Don't be too glum, after all what is a trillion dollars ?