OT - The Affluent, Too, Couldn't Resist Adjustable Rates
On Mar 22, 9:21*pm, Wes wrote:
"Ed Huntress" wrote:
I don't follow what you're saying here. People were making millions flipping
all kinds of crap houses. As for ARMs, the idea is that you refinance at a
fixed rate when the time is right. Only now you can't. It didn't look to
*anyone* that such a thing was likely to happen.
Enron once looked like a sure fire deal once upon a time. *I just do not see
why government should bail people or companies out for poor decisions. *
You seem to be endorsing the idea that we are NOT responisible for our
actions.
Wes
--
"Additionally as a security officer, I carry a gun to protect
government officials but my life isn't worth protecting at home
in their eyes." *Dick Anthony Heller
The government is saying that banks are not responsible for their
actions.
TMT
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