This piece was written during my career in institutional investment management, prior to joining Midwestern Baptist Theological Seminary in 2017. It reflects the unique circumstances of the time, and my analysis thereof; it is preserved here for the historical and intellectual record.
The New York Times begs the question: is the option ARM an appropriate loan product for subprime borrowers? Read my opinion, along with the opinion of other experts, here.
JJK
UPDATE: This topic seems to be of some interest, as other media outlets have picked up the story.