I found the following links from a financial adviser I used to use when I for a brief moment had some money to invest, and was trying to build up my savings. I in no way am supporting this institution or recommending anyone do business with anyone, but I often found his input useful. Click on the links below they might provide some clarity to you with what is going on.
The financial advisers name is Ric Edelman:
Read this first on WHY this happened: http://www.ricedelman.com/cs/education/article?articleId=762&titleParam=Update%20Regarding%20the%20Financial%20Markets
Then read this explanation about what the “bailout” is: http://www.ricedelman.com/cs/education/article?articleId=807&titleParam=The%20$700%20Billion%20Bailout%20Plan%20Is%20Neither!
If you have followed these rules, you’ll be okay: http://www.ricedelman.com/cs/radio_show/rics_special_alert_092908
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Stay informed, Get involved, and let them hear YOU!
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