“Poor lenders were taken advantage of by greedy lenders”
That’s the gist of what I get from her letter.
I disagree. I knew what an ARM was when I bought my house–I figured I ought to educate myself before making the largest investment of my life so I bought a couple of books (including the Dummy Guide to buying a House). I decided that the risk of rising interest rates wasn’t one that I was willing to take so I opted for a fixed 30 yr loan instead of having to fret over refinancing in a few years at potentially higher rates.
If these people didn’t know what they were signing, they have noone to blame but themselves.
This just further proves why I’ve never voted for Boxer or Feinstein and will continue to try and vote them out of office. I don’t support the nanny state.
