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Old 12-13-2012, 03:50 PM   #73
Green_Shine
Registered User
 
Join Date: Apr 2006
Location: North
Posts: 373
My Ride: Back seat riding
Quote:
Originally Posted by bimmerfan08 View Post
Thank you again for shedding meaningful light. Hopefully Lair understands
Thanks. My guess is he refuses to understand. Ignorance is bliss.


Quote:
Originally Posted by rdsesq View Post
Let me ask you a question.
You get a home loan at 4.5% fixed over 30 years. 10 years into the loan, the bank comes to you and says "Hey, we really shouldn't have made that loan and we are not profitable anymore because making these type of loans. We want you to re-fi your house back to us at 8.75% so we can make a profit. How about it?"

What are you gonna tell the bank?
I would answer "I do not have an ARM". I don't understand how that question is relevant to short term, organized labor contracts.
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