One point made in the programe was that interest on loans in US...

One point made in the programe was that interest on loans in US were set low for a number of years and then became much higher interest rate..ie say 8% going to 13% later which catches the lender out.
Those rates are much higher than their official rate...

Do our bank lenders have these type of contracts and are the prospects of large increases adequately disclosed?
If you can afford the loan ...you will hold through a devaluation period because it is your home and its a long term investment.
These sucker contracts seem devised to capture the lenders and also profit from the hardship of forced selling created when the higher interest rate kicks in and people cant refinance in this market and the their property has devalued.
Greedy lenders in US imo.

Now the tax payers have to repay toxic securitues sold to international banks...imo