As Times Get Tougher, So Do $$ Decisions

3472135 ray martin on credit freeze CBS/EARLY SHOW

The Feds had to take over the failing bank IndyMac. They're trying to shore up mortgage giants Fannie Mae and Freddie Mac. The housing market remains in the dumper, as gas prices stay through the roof and food prices keep rising. The stock market continues to drift lower.

All this is leaving Joe Main Street skittish -- and unsure what to do next when handling personal finances.

But The Early Show's resident money maven, Ray Martin, took time Monday to answer questions.

Will there be more IndyMacs? Should people with IndyMac mortgages keep paying them? What do I do if I hold lots of Fannie Mae and Freddie Mac paper? Is now the time to refinance?

Those were just some of the questions Martin provided answers to, as you could see by clicking on the varrow in the image below:

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