Not JUST the homeowners, but principally them. A great many of them misrepresented their assets and income, or they wouldn't have qualified in the first place.
Congress should keep their noses out. You can't regulate banks for giving ARMs to unqualified borrowers, since nothing I've ever read regarding ARMs and this type of "predatory" lending is actually illegal.
People will get hurt and financial institutions will get hurt. BOTH deserve it.
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