"How can I save your money", answered the ING customer service rep. I responded and said, "By giving me a good rate on a home loan with low closing costs." He uttered a fake courtesy laugh in return. I did the same. I've been planning to call ING since a bright orange postcard arrived in the mail a few days ago marketing the popular Orange Mortgage. Low closing costs and a 5.25% rate sounded pretty good, and since I'm in the market for a new place, I thought I would check it out.

If you’re paying attention at all to our current economic crisis, then you’ve probably heard the term “credit default swap (CDS)” enough to at least make you wonder what it is. Most recently, credit default swaps played a vital role in the federal government’s decision to bail out AIG, since they determined that a huge chain of failures across the international financial system might occur if AIG were to fail and default on the swaps it sold. Must be a big deal, right? They are.

Having worked at the World Trade Center, Merrill Lynch, Washington Mutual, and one of the country’s largest insurance firms, I feel very connected to many of the institutions and events that are in the news every day. I never could have imagined the changes the financial industry has experienced over the last seven years, and, with this most recent economic crisis, I know that many are wondering, “What in the world is going on” and “How does it affect me?” Let me first say that despite what the media would have you believe, we have seen this before and we will get through it.