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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (40887)9/7/2005 1:00:22 PM
From: BWACRead Replies (1) | Respond to of 306849
 
<Did anyone figure out why AG was encouraging varible loans a while back?>

Cause he is a senile wealth destroying SOB enemy of the poor and middle class.



To: Lizzie Tudor who wrote (40887)9/7/2005 1:11:15 PM
From: John VosillaRead Replies (1) | Respond to of 306849
 
"Did anyone figure out why AG was encouraging varible loans a while back?"

He did it to protect his banker friends from getting caught holding too many low rate fixed rate mortgages when long term rates finally back up significantly.