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Financial Crisis

The current crisis in the financial markets is complicated and most people have a lot of questions about it. Below are some of the most frequently asked questions and links to more information.

How Did We Get Here?
If you’re trying to keep up with all the latest news and get a perspective on how we got to the crisis, both the New York Times and The Washington Post offer explanations.

Is My Money Safe?
Most deposits you make into a bank are insured by the Federal Deposit Insurance Corporation while those into credit unions are insured by the National Credit Union Administration.  Estimate whether yours are insured. 

What Should I Do With My Money?
The American Institute of Certified Public Accountants has issued advice in the wake of the current financial crisis with regards to personal savings and investments.  Learn more…

Who’s Who in the Crisis?
Many government entities are playing a role in the current crisis.   Learn more about each one and their role.

Other Web Resources

These resources link off to other sites not maintained by us.  Read our link policy.

Pennsylvania Securities Commission
The Pennsylvania Securities Commission cautioned PA consumers against making uninformed decisions about their investments in the wake of the crisis on Wall Street.  Read more about the September 26 release here

Pennsylvania Insurance Department
The Pennsylvania Insurance Department issued a statement that AIG’s insurance policies remain “safe”.  Read Commissioner Joel Ario’s statement here.  

President's Advisory Council
The President's Advisory Council on Financial Literacy has issued seven tips to managing money in challenging times.  Learn more…

Latest News
Up to the minute news stories and information can be found on the websites of the following news services:

The Federal Reserve
Radio and television journalist Charles Osgood explains the workings of the Federal Reserve System in a 13-minute video, lesson plans and accompanying brochure.  Learn more…

The National Conference of Insurance Guaranty Funds (NCIGF)
When consumers buy insurance policies, rarely does one think of the insurance company failing.  But if they do, the NCIGF is the safety net for those failed insurance companies.  Learn more…

The Securities Investor Protection Corporation (SIPC)
When investment firms fail there are still protections in place for clients of those firms.  Learn more...

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