This article in the NYT suggests that “in the end, someone is going to lose money” on these high-risk mortgages. My guess is, it won’t be the banks or investors who spot the money. I may be old-fashioned, but it just seems like a variable rate mortgage can’t be worth the risk unless you’ve got lots of money to throw around. You’ve got to have money to make money, so they say. Unfortunately, that leaves most of us out in the cold.