Thank you for the reasoned response.
No less then the Chairman Of the Federal Reserve Board also advised people to take out a ARM.
I agree with many folks here that these people were careless for getting into a situation like that. How ever many of these folks are self proclaimed christians (read their profiles and taglines) and all they do is belittle others and brag about how great they are. I see little compassion but I see plenty of "i am much to good to get myself in trouble"
Pride comes before the fall. I pray that all those who think they will be able to make payments on their homes no matter what will always be able to. I also pray for my neighborhood.
Really? Alan Greenspan said people should take out an ARM? Perhaps you could post the speech where he said that? Thanks.