Are you confused about the current economic crisis?  I certainly am!  I saw this YouTube video as I was doing some research, and it seemed to explain it in a way that I can understand.  This becomes a McCain ad somewhere around the 8:30 mark, so you may not want to watch through to the end, but the facts regarding the subprime mortgage business, and Fannie Mae/Freddie Mac are a matter of public record.

http://www.youtube.com/watch?v=TxgSubmiGt8

I'm not suggesting that there is a "right" explanation of the problem, or even that there is one single mistake that caused it.  I just think this could help you explain it to your children.

Again, "when are we going to use this stuff?"  Today!

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Check out The HomeScholar Channel on YouTube for some snippets of my public speaking and videos.