Perchoutofwater Posted October 2, 2008 Share Posted October 2, 2008 It's Super Priceless when someone else is kicking the ass. If the root of the problem is forclosures and the ARMs are what are causing the forclosures wouldn't suspending the ARMs be cheaper for the nation than spending $700,000,000,000.00? Sure, but then you'd miss out on all the corruption and money-grabbing going on in DC when 700 billion dollars are in play. Come on, Club, you know better than that. And screwing the financial institutions and stockholders of said institutions that are still in good shape that have good loans with people making payments on time. Which could in turn exasperate the problem. Quote Link to comment Share on other sites More sharing options...
H8tank Posted October 2, 2008 Author Share Posted October 2, 2008 Why did you sign an ARM club? Quote Link to comment Share on other sites More sharing options...
Clubfoothead Posted October 3, 2008 Share Posted October 3, 2008 And screwing the financial institutions and stockholders of said institutions that are still in good shape that have good loans with people making payments on time. Which could in turn exasperate the problem. So when you get an ARM for a lender, that lender is planning on and selling your mortage to others hoping you will not be able to refinance before the ARM kicks in? Why did you sign an ARM club? I have no problem explaining myself but you need to answer my question first. See above. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.