It's Been a Long, Strange Credit Trip

A reminder of how uncertain the outlook is for the future of the credit crunch, with CNBC's Steve Liesman.

"The Federal Reserve just this morning, announced it's extending and expanding emergency lending facilities to financial institutions -- to Wall Street and the banks, into January '09, saying financial markets remain "fragile." A year ago, only a few people had any idea how bad it would get or how long it would last."

--Steve Liesman, CNBC Senior Economics Reporter

For the full report, watch the video.