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10-30-2008, 01:50 PM

#11

TheMercenary

“Hypocrisy: prejudice with a halo”

Join Date: Mar 2007

Location: Savannah, Georgia

Posts: 21,393

Quote:

Originally Posted by Pico and ME

Classic...everybody was doing the re-financing thing. We did it to get some debts at a lower interest rate, but not everybody knew that ARM's were risky or a bad choice. I knew and I didn't get one...I did a 30yr at 5.75%. I dont think she was savy enough to know what was risky for her.

Someone gave her some very bad advice. One part of the equation that got us into this mess, predators.

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