On the recordApril 12, 2010
You made reference to the subprime market going down. Option ARMs are prime. They are not subprime, right? They are supposed to be prime mortgages. Isn't that correct?
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congress.govCarl Levin: “You made reference to the subprime market going down. Option ARMs are prime. They are not subprime, right? They are…”
Editor's note · Context
Levin distinguishes between Option ARMs and subprime mortgages.
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