An interest only loan was recommended to us when we bought a house for our daughter two years ago. It was recommended only if we planned to sell it soon after buying it, which we did, to our daughter, so it worked well for us.

Our own mortgage has always been fixed and VA-backed, so we have a good rate.

I was just listening to NPR about the Wall Street debacle. They were explaining what "leverage" means there. When firms decided to invest in mortgages, they were "borrowing" to purchase those, overextending themselves 30% OVER their own assets! All I could think of was all of those poor people who got caught up and have now lost their homes. 1 out of every 461 American homes, I think it was, is in some state of foreclosure.

And, now, the government, which means us, is going to bail out a bunch of banks, as well. How about bailing out the folks who are now homeless because of the so-called experts' ill-advice?