MInTheGap

Learning a Lesson About Money the Hard Way

If you follow what’s going on in the financial world at all, you know that there is currently a crisis in the housing industry surrounding Adjustable Rate Mortgages (ARMs) and subprime mortgages (those given to people with poor credit). These loans are hurting banks both foreign and domestically, and it’s also causing buyouts and stock market dips.

But what should be done about this rash of bankers acting like brokers and producing bad investments?

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