Hard working, though low paid Americans want to buy a home. They go to a bank. A nice man in a suit and tie and shiny shoes take them into a nicely appointed office. He sits behind a desk. They sit on comfortable chairs. He explains how they can buy a house with little or no down if they accept an 'adjustable loan'. As this man is so nice and and understanding and makes it seem as if the 'adjustable' part is no big deal. They bite. Who wouldn't trust a nice man in a nice suit and tie wearing shiny shoes? I mean, he's a 'banker' ferchristsaake! Bankers, clergy, doctors, cops, federal judges, teachers, accountants, corporate CEOs....we're prone to trust such people. Of course this well dressed banker is just a shill for a lot of truly crooked people who intend to swindle some other folks into buying these kind of loans, and those folks intend on re-selling them at a tidy profit. This is known as the Theory of the Greater Fool...no matter how dumb I am, there's another sucker dumber than me! And so our trusting, hard working couple gets screwed because they 'trusted' the banker. A lot of other folks trusted the swindle of the 'k' investment. A lot more people trusted the neo-conmen of the current GOP. And that folks, is why we need massive regulation and oversight.....the world is full of crooks, cons, swindlers, bunko artists and financial thugs. Given a chance, they'll get you too. Beware of shiny shoes!