Oct
21
A 2nd Housing Crisis?
October 21, 2008 |
Take a look at the graph above and tell me if you see anything of interest. Subprime loans are not the only irresponsible loans that have been made, often overlooked is the Option Adjustable Rate mortgage. Opt-ARMS are for people who couldn’t even afford the already low rates ARMs had. In other words, this is another set of mortgages the Democrats including Jimmy Carter, Barney Frank and Barack Obama forced banks to make so people could realize their \”American Dream.\” An option-ARM works
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A 2nd Housing Crisis?
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