[3SuperSports]

Sorry. I was actually thinking about the prime rate. Go try to buy a CD for more than 3%. It aint easy.
You're right, the ARM's are rediculous and it's a scam to get people into something they can't afford. Too bad there aren't laws against such things.
I'm not too worried about the rates charged to me. I went with a fixed rate mortgage, I pay off my one credit card every month and we live below our means. Because a company I worked for went bankrupt a few years ago, I lost a large retirement fund. I still hope I can retire, but with the healthcare the way it is and where our social security system is going......maybe not.
What the banks charge customers and credit card company's can charge is a different story. I know.

I don't think our public education system is doing a good job of teaching kids what it really takes to make it in life. You have to spot scams for yourself and take responsibility for your actions. The government can't protect everybody from themselves.