Comment: There have already been a number of failures or foreclosures in

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There have already been a number of failures or foreclosures in

those mortgages, primarily due to job or income losses, in advance of the resetting period. One recent german bank report concluded that, by sometime in 2011 I think, about half of U.S. mortgages would be upside down. I don't recall the report addressing troubles brewing in CRE either.
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"An economy built on fiat money is a society on its way to ashes."

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"An economy built on fiat money is a society on its way to ashes."