Thank you pnilesh and raptorduck. If people want to take risks and gamble w/finances w/ the expectation of great financial reward, that’s fine. Except if there are financial losses the government/taxpayers should not help them. Just b/c I’m conservative and frugal, I decided not to do a 5 YIO ARM, as much as I wanted a house. My tax dollars bailing out someone w/a house they can’t afford is the equivalent of punishing me for not being stupid.
