RE: link for ARM mortgages IMPORTANT"What I do know, if the idiots that run the US financial system still allow these kind of mortgages in the future, the whole thing will happen again in about 5 years."
It'll happen again, 'cause it's the (American) way:
"Don't provide the sheeples with what they need; provide them with what they want."
(They don't have those kind of mortgages in Canada; not sure about Europe.)