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Thursday, December 17, 2009
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4 comments:
OMG,
Ben Bernanke had an ARM that he needed to refinance. OMG
CR catches this in the extended TIME interview
Let's see Geithner's house at a WTF price and not chosing to rent it out, and Big Ben needed a refi when his ARM "exploded". Good grief.
That is pretty funny. Maybe he was trying to destroy the entire country so he could save a could grand on his loan :)
Cara-
Now that I read it twice it makes it sound like it was an option ARM. ARMs just don't expload when fed funds rates are at 0%.
Thanks Cara - this deserved its own thread, so I made one.
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