Discussion in 'Current Events' started by big_arrow_up, Oct 17, 2008.
What caused our current economic situation?
Dont know if this has already been posted, I thought it was informative also.
Excellent posting BAU.
When they are showing the pic of Obama with the other radical party symbols, they have CNN, CBS, ABC, MSNBS, and NBC logos too.
About 5 years ago I refinanced my house for a low rate, fixed mortage. It saved me a bundle ($200 less per month with a payoff date of 10 years sooner).
My sister-in-law and everybody else went in about the same time and got a new type of mortgage, called an ARM. She's been paying and arm and a leg ever since.
Why on earth would she choose an adjustable mortgage when interest rates were at historical lows?
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