Greenspan promoted … Greenspan promoted adjustable rate mortgages stating Americans can handle interest rate risk. Do you all still think you can handle interest rate rise? Bernanke jacked the rate & ARM owners co;1un&#82l7dt handle the monthly payment increase. Problem Nipped In Bud if Congress had frozen all ARMs at teaser rate, but solving the crisis was not the objective because they (the Federal Reserve System) wanted the crisis to bring about what is currently happening. They did it in 1929. Doing it again! +3Was this answer helpful?
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Last-modified: 2016-08-16 (火) 10:59:07 (1010d)