Irie,

I could not completely explain every facet and relationship between every entity involved, but CNBC just aired a show on the housing and bank meltdown. Im quite sure, they will air it again. I think it was called House of Cards. Its comprehensive and they do a lot of interviews with a lot of people directly involved, including some of the Math wizzes, who put together the dirivatives (sp) and other securities that were sold directly to foreign governments, such as a small town in Norway. Many of the people who sold these "bonds" and mortgage backed securities, lost their jobs. They did not bother asking anyone, their political preference.

You will have to take this problem up with the Obama administration, because, as yet, no one is making the necessary changes to the rating agencies, like Moodys, to prevent them from overrating securities in the future. In short, this can happen again.

While your at it, ask him, about his participation in suing Citibank to make them issue more subprime loans. His influence and teachings at Acorn made it possible for them, to hassle bank presidents at their homes.

Then write to the members of the Black Caucus, who admonished regulators on tape in the hearings, about unnecessarily, causing a panic about subprime loans that were being used by their own constituents.

Then find out why Franklin Raines, (Clinton Adm) was removed from his post at Fannie Mae, or Freddie Mac and look up the millions of dollars of bonuses that were awarded to him and people like Jamie Gorelick for the same kinds of subprime loans that went bad, to people who could not pay.

Then go look up the Community reinvestment act of 1977 give or take a year.

Then go pound sand.