5 ms·
That's cute, but who the hell still gets an ARM? It's like going full stupid. Never go full stupid.
by ThunderSizzle 4y ago
That's cute, but who the hell still gets an ARM?
It's like going full stupid. Never go full stupid.
- arrosenberg 4y ago> That's cute, but who the hell still gets an ARM? Well over a million people during the 2005-2006 frenzy - https://www.stlouisfed.org/publications/bridges/spring-2007/subprime-arms-popular-loans-poor-performance https://www.stlouisfed.org/publications/bridges/spring-2007/... > It's like going full stupid. Never go full stupid. It's more like a bunch of sophisticated bankers and lawyers used their Ivy League education to trick working class people into a financing agreement they couldn't understand or afford. Your version seems kind of rude to people who have better things to do than learn the intricacies of finance - that's why government (some of the time) is good - they regulate bankers so that regular people can just buy a house without worrying about elite mendacity taking away their home and savings.