In light of the grim financial news, CNN’s American Morning will run a special series tomorrow, Wednesday and Thursday called “Issue #1: Is Your Money Safe?” Gerri Willis hosts these segments:
• Tuesday: 401K – What should you do with your allocations? Is your 401K safe?
• Wednesday: Loans – What do you do if you need emergency cash? Banks are making it harder to borrow money – where can consumers go to get a loan?
• Thursday: Banking – Even though your bank says it is FDIC insured, what does that really mean? Is all your money insured? Is your bank safe? Are Credit Unions a better option?