If the concept of Adjustable Rate Mortgage was never thought of, would America be in this mess?

by eyewash
Question by Jon D: If the concept of Adjustable Rate Mortgage was never thought of, would America be in this mess?

seems like people with bad credit who got loans where still able to make their payments, but things went bad when rates went up?

would America be in the mess we are in if these people with bad credit where just given Fixed Rates initially?


Best answer:
Answer by KevinStud99ARMs were certainly not the only problem, but they may have been the trigger that started

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