[Travis McGee]

"American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage."

~~Alan Greenspan, February 22, 2004

[chainsaw]

“American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.”~Alan Greenspan, February 22, 2004

It sure has been good for the economy hasn’t it?

When the payments go up and the people cannot afford the increase they lose their homes.

It looks to me like the lenders benefited (short term) not the consumers.