During these volatile times, all of us have questions, questions, questions about what is really going on and what it means. There’s a helpful Q&A in the Times today by Ron Lieber. It’s not exactly comforting but it is informative. Here’s an excerpt.

For all of you on Main Street who have been watching the turmoil on Wall Street for the last few weeks, Monday’s shockwaves rattled even the most steadfast.

The day began with the announcement that another big bank — Wachovia — had been taken over, just days after Washington Mutual collapsed and was sold. In early afternoon, the House rejected the bailout package for the financial industry. Stocks plunged, with the Dow ending the day down nearly 778 points in the worst single-day drop in two decades.

What is a regular investor to make of it all? What about people who have money in bank accounts? Below are some answers to questions that are probably on your mind.