The Mises Institute has created a fantastic resource on our current economic woes called the Bailout Reader that gives you everything you need to know about the economic/political cause and effect of it all. Everything is organized into these nine sections:
Fannie Mae and Freddie Mac
The Housing Bubble
Community Reinvestment Act
The Austrian Theory of the Business Cycle
Who Predicted This?
What to Do
Books to Distribute
I've added this to my Suggested Reading section at the top of this blog.