Non Sequitur by Wiley Miller for August 18, 2014

The saddest thing is taxation value is always higher than sale value.

Ah, yes…. Those were the days.

Time, time, time, see what’s become of me….. Paul Simon….

Yes, as through this world I’ve wandered. I’ve seen lots of funny men. Some will rob you with a six gun and some with a fountain pen. ’And as through this life you travel, Yes, as through this life you roam, You won’t ever see an outlaw drive a family from their home. ’ Woody Guthrie wrote that in the 1930s, regrettable that nothing has changed.

Underwater mortgage, bank working with us to make a sale, somehow. Found a buyer and signed the paperwork.

Two days later, the bank foreclosed…..

NBD, except that forclosure is still on the FICO….

Someday….

There’s an old riddle: Why do people rob banks? To restore equality.

Don’t banks lose money on foreclosures?

I’m from the bank and I’m here to ‘help’ you with subprime loans we’re forced to make or the government will dog us to death with fines and unnecessary paperwork. A couple of small banks near us went under approx. 15 years ago(before Bush) because they wouldn’t make the mandated loans they knew were wrong.

How nice, a centenidenarian couple.

@Night-Gaunt49 Different these days, and no arrests or trials! Perfect crimes

No there are trials, but no arrests. BOA was fined 17 mil for crimes and will pass the fine cost down to the customers so it does not affect their bottom line.A form of trickle down economics.

I miss the time when people lived within their means.

Oh those bad, bad banks who forced these stupid people to take out loans for houses that they couldn’t afford in the first place …. Those poor ignorant greedy people.who thought they could get something for nothing

To own a home; them were the times. Now you cannot bank on that.

“Sorry to burst your right-wing propaganda bubbles but banks eagerly and aggressively pursued sub-prime borrowers. It was an incredibly lucrative business. And they are returning to the ways of old, nothing has really changed in that arena.”-————————————————————————Ironically, they’re validating the accuracy of yesterday’s cartoon.

The flip side to “Soviet Russia” jokes:“In United States, banks rob YOU!”

Actually, the problems leading to the Great Depression can’t be solely attributed to Hoover. Some things came from before, from the previous administration: Calvin Coolidge. Oh, what a coincidence. Another Republican.

What this country needs is a modern day Jesse James.

In Washington State I have my mortgage with the BECU Credit Union NOT a bank. If a customer gets into trouble they’ll actually work with them rather than force a foreclosure. I’ll never do business with 1 of the too big to fail banks again.

About 6 years too late for this comic. Most people lost their homes to banks in 2008-10.

When I graduated from high school in 1962, my husband and I owned a three bedroom two bath house and two cars within two years. Most of the men who graduated with my class had similar paying jobs right out of high school. I didn’t work, didn’t need to. Most women didn’t, and those that did actually chose to work. Today, it’s not a choice for most families, and when those families break up, everyone lives in poverty. When I did decide to go back to college, I paid $79 tuition for 15-18 hours of credit at SIU Edwardsville and we paid a $20 fee to rent whichever books we needed. Everyone could go to college, paying for it with a part time job. ……………Since then American productivity and GNP have skyrocketed. But, Middle Class people don’t have anywhere near the advantages we did. All the money is going to the top 1-5% of earners. And, with the cost of college, it’s darn near impossible to get a start, you already owe the cost of a house before you graduate college.………. If the American worker is the most productive in the world, and all the stats say they are, the prospects for the young people of today should be better than they were for us. Instead, we produce the highest quality goods in the world—and can’t afford to buy them.

We should go after the guy who goes around with a shotgun and forces people to sign those mortgages.

Try this one. A house sold in 2006 for $400,000 with a $350,000 mortgage on it. In 2011, it was foreclosed, and went to auction in mid 2012. It sold for $139,000. Tell me. How did the bank make money on this? And before you tell me that this was atypical, this was one of literally hundreds of foreclosure properties that my bosses purchased at auction, renovated and sold for a profit. And they were in competition with a lot of others who were at the auctions, doing the same thing. In the last year or so, the number of houses available this way has dried up, and our company (along with a lot of others) is effectively out of business.The federal government has extended the relief from the 1099’s for the pseudo-profit generated by short sales and foreclosures. At the moment, it is not taxable income.

Truth, huh?History is written by the victors and interpreted by anyone who wants to prove their point. Be ye right- or left-wing, you can pick and choose facts to fit your point of view. So don’t spout on about truth, when you see exactly what you want from facts that the “other side” will interpret their own way.

@Caddy57: if your mortgage is underwater go to your tax assessor and ask for a reassessment on the value of the home. Only the ones that ask get it, but they do get it.

I thought Mondays were traditionally a laid-back, go for the belly-laugh assignment. This is too heavy.

Why, so they were!Desperate people are willing to take chances on creating a god when circumstances have caused them to lose their natural fear. Although the natural state of humans is to yearn for freedom and self-determination, when the times get rough, they will seek the shelter of the Rock of Ages and place their faith in something greater than themselves to save them from something greater than themselves. But let them dream. It harms none but humanity.

Your documentation and clear proof have won me over. I now accept Barack Obama and the Democratists as my personal Savior.

Thanx for that one — love Arlo — also love his daughter Sarah Lee and her hubby Johnie (sp?) Irion.

Keep on dreaming about your “Perfect Democratic President” buddy…..keep right on dreaming.

What do you want me to document that you couldn’t find, analyze and come to the same conclusion if you were honest?…I don’t know, how about your claim that the banking regulation changes and social engineering leading to subprime loans to low income people in “red-lined” neighborhoods is the fault of Bush-Cheney?Specifically, what actions of the Bush administration begat a problem that started in the years before he took office?Are banks culpable for protecting the assets of their investors and depositors and performing due diligence in their fiduciary responsibilities when required to make loans that they would not have granted given a choice?I’m sure that you can find a hundred dishonest lenders who deliberately conned greedy folk into making loans that they could not afford to repay, but you cannot denounce the entirely of capitalism and commerce based on the actions of those people, who would be rats on whatever ship they sailed.