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<blockquote data-quote="HitManSE" data-source="post: 3601763" data-attributes="member: 549624">Not only that, but they were actually giving seminars all over the place as to how those ARM&#039;s were going to be one hell of an investment tool. Most of them were free and hundreds would show up every week. Im sure they were privately supported by banks or someone that would benefit //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gifPersonally I did the opposite, I opted for an old school 30yr stretch load and locked the rate at very close to 5%. That was back in early 04&#039; and Here I was waiting for the foreclosure &quot;sales&quot; to hit the market to scoop up another one and Bush does this shit //content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif Talk about placing a band-aid over a bullet wound.As stated, the issue is the Government is now helping people who were stupid. Those people will make those mistakes in the future, also they shouldnt have let the banks go as far as they did either with their loans. Now the banks have an even larger majority of people by the proverbial balls.</blockquote>

[QUOTE="HitManSE, post: 3601763, member: 549624"] Not only that, but they were actually giving seminars all over the place as to how those ARM's were going to be one hell of an investment tool. Most of them were free and hundreds would show up every week. Im sure they were privately supported by banks or someone that would benefit [IMG]//content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif[/IMG] Personally I did the opposite, I opted for an old school 30yr stretch load and locked the rate at very close to 5%. That was back in early 04' and Here I was waiting for the foreclosure "sales" to hit the market to scoop up another one and Bush does this shit [IMG]//content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif[/IMG] Talk about placing a band-aid over a bullet wound. As stated, the issue is the Government is now helping people who were stupid. Those people will make those mistakes in the future, also they shouldnt have let the banks go as far as they did either with their loans. Now the banks have an even larger majority of people by the proverbial balls. [/QUOTE]

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