# US Banks to Freeze Current Foreclosures - 2/14 update

**URL:** https://forums.speedlife.net/t/us-banks-to-freeze-current-foreclosures-2-14-update/43351
**Category:** NYSpeed Off Topic
**Created:** [February 12, 2008, 4:58pm UTC](https://forums.speedlife.net/t/us-banks-to-freeze-current-foreclosures-2-14-update/43351 "2008-02-12T16:58:38Z")
**Posts on this page:** 1
**Showing post:** 25

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### Author: ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [February 13, 2008, 1:55pm UTC](https://forums.speedlife.net/t/us-banks-to-freeze-current-foreclosures-2-14-update/43351/25 "2008-02-13T13:55:59Z")

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The flip side of the coin is that not everyone with an ARM or IO loan is getting screwed. This has more to do with people than the type of loans, those type of loans just help morons dig bigger tholes for themselves. There isn’t anything inherently wrong with an ARM or IO loan in the right situation, just like it makes sense to lease a car… in the right situation.

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