[GodGunsGuts]

So you don't think that Greenspan gave the green light when he specifically drew attention to ARMs, and then followed up by saying borrowers might benefit from them?

[Toddsterpatriot]

So you don't think that Greenspan gave the green light when he specifically drew attention to ARMs, and then followed up by saying borrowers might benefit from them?

No.

Saying people would have saved money with an ARM during the past decade (of falling rates) is in no way saying that they should get them in the future. That's like saying "Gold has gone from $255 in 2000 to $590, people who bought at $255 profited" (fact) is a recommendation to buy gold now.