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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.38+2.7%Nov 10 4:00 PM EST

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To: Ilaine who wrote (26754)12/23/2007 10:24:54 AM
From: KyrosL  Read Replies (1) of 217670
 
That's right. People wrongly associate conventional ARMs with the other disastrous "innovations" of the housing bubble. Greenspan's huge error was not his advocacy of ARMs, but his reluctance to regulate the no-money-down/no-doc/alt-A sub-prime mess.
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