Clay Bennett by Clay Bennett

Clay Bennett

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  1. dtroutma

    dtroutma GoComics PRO Member said, over 4 years ago

    She should be strapping him to the tracks, along with all the “deregulators” and friends on K Street, Wall Street.

  2. Svenskabru 2 U

    Svenskabru 2 U said, over 4 years ago

    Bennett apparently doesn’t realize he’s exposing his incomprehensibly diseased imagination. Gotta admit though, unwitting self caricature like this is very entertaining.

  3. Litho stone

    Litho stone said, over 4 years ago

    anyone get the licencee plate number?

  4. Ottodesu

    Ottodesu said, over 4 years ago

    And along came Jones …
    Dunno if that has any relevance, just remember the old song.

  5. Simon_Jester

    Simon_Jester said, over 4 years ago

    Name ONE specific instance where a bank was forced to make risky loans by the Government.

    And please explain to me how Clinton’s statement translates into ‘directing the banks to make risky loans.’

    And for once, please don’t bail off the thread and repost that statement elsewhere, as if no one answered you,.

  6. Bruce4671

    Bruce4671 said, over 4 years ago

    @Simon: What? risky loans? Look, it is not about what the banks did. The banks did not force anyone to sign anything. Each individual had to make the decision to take the risk of a long term debt in order to have a single family dwelling. The government backed lending institutions made it easy for people to qualify for loans. No background check, no down payment, no credit check and so on. When the banks started losing money because people could not afford to make the payment, they bundled and sold the mortgages. Yeah that was a dirty sneaky trick on the people that bought the bundled mortgages but NOT on the homeowners. The homeowners that took the risk knowing full well that their income did not warrant a $1500 a month payment and that the property value was inflated by “speculators” and may not last were not “tricked” into signing a mortgage. They may have been ignorant, they may have fallen for the sales spiel and with stars in their eyes gone ahead with it anyway.

    I have sympathy for anyone in that position. But the fix is not to make those of us who knew better pay for their flights of fantasy. Let the market work. Keep the government out of it.

    By making a “settlement” of 25 billion, the banks have avoided court cases, have addressed less than 4% of the cost and can pass even that cost on to consumers.

    And once again we reward bad decisions and punish good behavior.

  7. michael

    michael GoComics PRO Member said, over 4 years ago

    There’s nothing illegal about making a risky loan, which is why there’s a rating system. The riskier the loan, the higher the return. People with a better credit rating pay lower interest rates, and those with bad credit pay higher. The crime was bundling high risk loans and selling them as low risk; it’s called fraud. The lending institutions knew they weren’t collecting enough info on the borrowers to qualify them and slapped a AAA rating on them anyway. The home buyers were stupid to buy too much house, yes, but the lenders are guilty of fraud and should go to jail.

  8. Simon_Jester

    Simon_Jester said, over 4 years ago

    One more time, my question was…show me where the Government forced a bank to make risky loans, ( as Tigger was claiming. )

    It was NOT show me where the banks forced risky loans on their customers. I never said anythign to that effect.

    Now, what about the instances where banks put people in subprime loans who actually qualified for prime rates?

    Some say the number of folks who got snookerd this way is as high as 50% of all mortage holders. I can’t confirm that figure, but even so, how many people would not be in foreclosure if the banks hadn’t deceived them like that?

    And then there’s the ‘robo-singings’ scandal.

    The myth that the banks are innocents who got screwed by the government and cheated by their borrowers is just that…a myth

    I know YOU:RE not promoting that myth Bruce, but there are plenty of other conservatives around this forum who very much down with that lie

  9. Bruce4671

    Bruce4671 said, over 4 years ago

    @simon: Well, most people I know that buy houses know the process and know the risk. In my history I have bought 7 homes. I always went for a fixed rate (yeah let’s hang your interest rate on treasury notes. It’s all right it can’t go up but 3% a year…trust me) no matter how much pressure was brought to bear. banks can not force you to sign anything. Government can not force banks to do anything either. There is always a choice. It may not be a good one but it is there. It all depends on what YOU want to do and then YOU have to accept responsibility for YOUR actions. Yeah, it’;s tough. And guess what, I only lost one of the 7 and it was my fault so I paid the price and waited a LONG time to buy my last home. No bailouts, no subsidies no nothing from the government.

    What Michael says may be true to some extent. Bundling bad loans and presenting them as AAA loans should be a legal matter. That being said, which speculator in the real estate market was not cognizant of the fact that sub-prime mortgages were risky? No, their greed got the better of them so I have sympathy but no pity for their plight. since the speculators – the true villain in the play – artificially drove up home values in order to profit, shouldn’t they be the ones to bear the brunt of the loss?

  10. dannysixpack

    dannysixpack said, over 4 years ago

    the govt didn’t force the bank to make risky loans. the govt said ‘redlining’ as a method wasn’t ok.

    the banks had a fiduciary responsibility to make responsible loans. but the banks, along with the appraisers went spring break mad.

    they stuffed their pockets full of tax payer money and made loans to everyone that could sign a piece of paper. then when it all went to hell in a handbasket, we bailed ’em out again.

    and nothing has changed yet, as those bad loans are wrapped up with opaque paper.

    deregulation, bad regulation, and politicians and bankers are all to blame, along with people who signed up for the bad paper.

    and a bunch of them belong in jail.

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