CNBC provides an excellent analysis of the Subprime Meltdown and the effects it is having on portfolios. This debunks the consensus analyst view that subprime mortgages are isolated and won't affect the broader economy.
"I believe the country faces a critical crossroad and that the decisions that are made or not made within the next 10 years or so will have a profound effect on the future of our country, our children and our grandchildren. The problem gets bigger every day, and the tidal wave gets closer every day." - David Walker, comptroller general Aug. 2005
