4 ms·
> Every ARM reset was known, dated, and contractually inevitable from the moment of origination. Aggregate those reset schedules and you get the most damning ex
by alexpotato 2mo ago
> Every ARM reset was known, dated, and contractually inevitable from the moment of origination. Aggregate those reset schedules and you get the most damning exhibit of the era: the reset wall.
One of my distinct memories from this era is watching CNBC where a guest said exactly the same thing.
As the interview went on, he became more animated and used stronger language to the point of:
"You don't get it, THEY ARE GOING TO BE PICKING PEOPLE OFF THE FLOOR when these ARM rates reset"
I would guess this was right about 2006 which lines up with the article.