If there's confusion on how the Wall Street woes and credit crunch is affecting us.. Mike is at the wall with three prime examples.

Here's a chart of the major parts of the credit market..you have major investors..those can be countries..sovereign wealth funds...Pension funds..hedge funds and you have the banks..they send money between one another.

The most direct relationship between *us and this bailout and credit market is that banks loan *us money...Like auto loans..student loan's home loans..now that's our first problem because those loans are frozen...

Now a second away the credit crunch affects us..let's say we're trying to sell our house...Well those same banks loan other people money..including someone that might have bid on our house ..we want to go to contract but now we can't because now they can't get that loan...

A third way we could be affected is that these banks and major investors sometimes loan money to corporations...In fact it's very standard for corporations to borrow money on a short term basis to cover operating expenses..which sometimes include salaries...So now if a company can't meet those payments..that means that you may not get your salary or you may get laid off.