How Did We Get Here?

October 6, 2008

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!

signature How Did We Get Here?

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




Related posts

coded by nessus
share save 171 16 How Did We Get Here?
Print This Post Print This Post

1 Comment »

  1. J W says:

    Hmmm… When else in US history did we have people spending far more than they could afford… Anyone? Anyone?

    Both times we bought houses we were approved for mortgages that were far beyond our means to pay. Both times, we set our own personal limits. So – whatever happened to personal responsibility? Just because the government forces the banks to offer subprime mortgages doesn’t mean the government forces Americans to overextend themselves.

    So what does this mean for homeschoolers? Keep teaching history, personal finance skills, and morals.

    October 6th, 2008 at 4:09 pm

Leave a comment

CommentLuv badge



We Won "Best Encourager!" - Thank You!




Get one homeschooling high school tip each week delivered to your inbox. Easy bite-sized wisdom that will empower and encourage. Just fill in your first name and email address in the box below and we'll get started!

Have Me Speak at Your Conference!

THOM Magazine




Homeschool Awards

Lee Binz, EzineArticles.com Diamond Author



2011 Homeschool.com Seal of Approval



2011 Constant Contact All Stars



I'm a winner of the 2009 Blog Awards!

2008 Best Curriculum and Business Blog!




Visit Our Affiliates!






Christianbook.com Curriculum Page


8 Weeks To Profits!
8 Weeks to Profits!


Grab My Articles!

THOM Magazine

Alltop, all the cool kids (and me)


Grab My Buttons









The HomeScholar


Recent Comments

Archives

Categories

Calendar

February 2012
S M T W T F S
« Jan    
 1234
567891011
12131415161718
19202122232425
26272829  

Credits