Yep, that about sums it up. Wait until the first half of next year when so many ARM’s reset.
And it will never benefit the politicians focused on short-term to say “hey, it’s a free economy. You made your choices, now live with them.”
Instead Politicans seeking to score points will follow more closely the line that Gov’t needs to bail out those (esp. special interest groups) who were “cheated.”
Actually, somewhere in the neighborhood of $50 billion is resetting this month. And Next, and ...