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Ricard is a
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1285 comments
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I agree with ArnoldCountry, except to say that those "hybrid products" and "liar loans" have also been around for decades, and banks are addicted to them. I'd say that after this crisis passes, those loans will avoid the spotlight and return to their place - speculators and subprime borrowers will always be with us.
Dec 31 13:24 pm
|Rating:
+2
-5
All Comments by Ricard »Solving the Housing Crisis in Bankruptcy Court [View article]
No question the spread in rates will increase, hopefully substantially for ARMs. For them not to would be to acknowledge that this crisis never happened.