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IPFS News Link • Economy - Economics USA

Option Arm Mortgages: The Second Wave of Home Foreclosures

• IMPORTANT VIDEO
This 60 Minute interview covers the deadly nature of "Option ARM Mortgage" where between 50 to 70 percent of the homes will end up in foreclosure. This tsunami will hit the middle class hard between 2009 and 2011.

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Comment by foundZero
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Great post! I'd just begun to wonder why none of "our" scholars had published an update on this (the people I listen to were telling me about this a year ago) but it's either because we have no new data or we just assume "we" are all "in the know".

At any rate, great to see the MSM tell us about this as it happens--not before mind you--but as. And we'll have lots of the people that wrote these instruments telling us these great surprises. Like the people who wrote the fine print didn't read the fine print.



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