I bet not, but April 15th is right around the corner. Like a punch in the nose, it focuses the mind.

And before you get all bent on the ARM spexxie - They do serve a purpose when used properly and in the right application.
Just because PEOPLE and Lenders abused their design for their own profits...

Guns don't kill people, ARM's do!

No.
I get really bent out of shape when I see the double-standard being promulgated as FUD.

Personally, I am for (limited) federal bail-outs for individuals. For exactly the same reasons that TARP and/or corporate bail-outs made sense.

I don't even know what FUD is. :(

This?

http://en.wikipedia.org/wiki/Fear,_u...inty_and_doubt

Knowledgeable investors have been using arms to 'flip' houses for a long time. Makes perfect sense for them, paying the minimum interest for the short time that they improve the property before resale. Takes the right house in the right location and often a partnership between contractor/construction people and RE agents - same partnerships that are often already building new homes in the area so they're all ready to go with it.
The idea caught on and lots of clueless idiots thought they'd do the same thing without actually having any idea how to do it. Other people just bought too much house. I have a hard time excusing either of these. Predatory lending my ass - unless you were lied to outright, lending is a FAVOR.

It's like a few years ago when people suddenly realized that the rent-to-own option means you pay a fuckton more in the end and were mad at the businesses that offered even that option. Dumbasses.

That pretty much sums it up.

However, when I got my place the ARM was presented in a way that as my income rose ...
"You'll be making so much more in 5 years...it won't be a problem..."
"Think of all the money you'll save if you move..."
"Look at how much better a house you can get for the same payments"

Unfortunately for him, I knew what an ARM was an it was absolutely NOT right for me or my situation.

Never mind. I really didn't care what FUD meant, anyhow.

Fudd

.

HA HA HA - WTFud?

[color="LemonChiffon"]I dunno either[/COLO]

I just lol'd at the color being "LemonChiffon"

You should take a look at the standard web colors. LemonChiffon is also known as #FFFACD or 255 250 205.

You may also enjoy such shades as PapayaWhip, Peru, PeachPuff, or BlanchedAlmond.

So, what does FUD mean?

Your wikipedia entry was correct.

It means that the D's are employing the same tactics as the R's.
They just have a different twist to their sales pitch.