Deputy Mayor Slush Fund Queen Christine C. Quinn and king Michael R. Bloomberg today announced a $20 million commitment to fund a pilot program that will turn unsold condominiums, market-rate rental buildings and stalled construction sites into affordable housing opportunities for moderate and middle-income families.

First, that the city will overpay for the condos, making this into a developer bailout program.

And second, that too much scarce affordable housing funding will be diverted from the low-income people who need assistance most to higher-income people who can afford the subisidized condos. 

I have been talking to a lot of people about the current mortgage mess and I have been surprised by how many people really don't understand what is going on and how big a role the US Government and two Government Sponsored Enterprises (Fannie Mae and Freddie Mac) played in causing this financial melt down.

To help I have collected a few articles and some videos that can help people understand the causes behind the current crises.