I'm not a gambling man, but as they say, you can't win if you don't play. I didn't realize that was a truism. In fact, if you played the subprime mortgage gamble, you not only CAN win, you WILL win. If only I knew.
Bush Mortgage Plan Will Freeze Certain Subprime Interest Rates for 5 Years
So if I gambled on a low adjustable interest rate and now when the rates are due to increase, I cry, I can get my low rate extended? What a dope I was settling for the 30 year fixed. I should have taken a lower adjustable rate and when the increase came due, I'd just have the government bail me out.
Oh well, I missed out on that gamble but I'm going to take that lesson learnt, head to Vegas and bet my life savings on 21 black. If it doesn't come up, I'm sure the casino will give me my bet back ... right?