Didn't this same exact argument happen yesterday?
We might as well just give in and say Greenspan never literally, precisely, specifically, exclusively, concisely, enthusiastically, unambiguously, unashamedly, and without reservation endorsed ARMS.
I wonder why, then, if an illegal immigrant with a criminal background walked into a bank with an expired library card he could walk out with a $300,000 equity loan?
;-)
PS: according to some industry study out of Chicago, they're now saying Seattle markets are 38% overvalued. And this is the industry talkin, not us J6P's.
Maybe you could post the part of his speech where he hinted that everyone or anyone should run out and get an ARM?
I wonder why, then, if an illegal immigrant with a criminal background walked into a bank with an expired library card he could walk out with a $300,000 equity loan?
Now Greenspan said illegals should get loans? That's funny!
LOL! I don't recall the argument. Could you post it so I can see what happened last time. Thanks--GGG