Subject: File No. S7-14-11
From: alllisun white

March 31, 2011

No mortgage should ever be securitized. Homeowners are purchasing a home,not a security ADVENTURE. Banks must keep reserve funds against bad loans, and choose them carefully so they do not have to repay the insurers- which should also be law. Their reserves should be 80%.
Moodys, S$P and other raters should be held to a strict and inflexible standard of quality or shut down or replaced.
SEC needs to pay attention and quit looking the other way.
Same for every financial protection "watchdog" we have in place ...the very same ones that have proved themselves useless when it comes to greed and complicity.