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- www.thetriangle.org
Some years ago, my son was thinking of buying a house in the San Fernando Valley and asked my advice about getting an adjustable rate mortgage. I told him to stick to the old fixed rate. Happily, he did. Recently, Alan Greenspan was asked about the adjustable rate mortgage - and sub-prime-driven housing bubble that has brought capitalism's house of cards crashing down all over the globe.
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CLEVELAND -- This city's biggest bank and a bedrock institution decided it faced a choice a decade ago: Find a way to grow or risk takeover. National City chose growth, a path that ended yesterday when it agreed to sell itself to Pittsburgh's PNC ...
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