Tom Toles by Tom Toles

Tom Toles

Comments (6) (Please sign in to comment)

  1. Ira Nayman

    Ira Nayman said, about 8 hours ago

    But…having no plan IS the plan…

  2. Tigger

    Tigger GoComics PRO Member said, about 5 hours ago

    Not the recovery everyone is looking for,

  3. Gresch

    Gresch GoComics PRO Member said, about 4 hours ago

    Peaks and valleys….

  4. Michael wme

    Michael wme said, about 2 hours ago

    The banks LOVED the repeal of all the silly laws that made it illegal to loan money without making sure the borrower understood the interest rates and payment plans. The banks convinced borrowers to put up homes as security for loans to buy an SUV and a flat-screen TV, loans with payments that were far more than the borrowers income, payments given by complex formulae the borrowers could not possibly understand, so the banks got houses for the cost of a SUV and a TV. Which was Great! Property was transferred from the unworthy to the gentry who really deserved it.


    Until, with all the sub-prime money and no regulations to limit it, which was a great idea, and one of the best things Clinton did as president, the price of houses bubbled until it popped, and banks found themselves having loaned $700,000+ on homes worth $100,000- to people who couldn’t make any of the payments.


    President Obama did his best, with threats to gaol all borrowers who didn’t repay their loans in full, but he didn’t have enough gaol space available, and he was unable to get Congress to pass decent laws, like death for debt, laws our esteemed ancestors knew were fair, reasonable, just, and the only way to deal with a sub-prime crisis (at least those who lost money to the borrowers got an afternoon’s entertainment when the defaulters were publicly executed).

  5. Cerabooge

    Cerabooge said, 37 minutes ago

    Michael wme: I’m glad you’re still able to use humor in these situations. More and more, I feel like I’m in the last chapters of Catch 22. If I laugh, it will be like the laughter of a madman raging at the storm that’s destroying everything around him.

  6. Rx71Wm29

    Rx71Wm29 GoComics PRO Member said, 37 minutes ago

    Actually, after a cash strapped home owner defaults on their mortgage and other loans, the Banks would re-sell the homes to yet poorer families who would eventually default on their mortgage. The cycle would continue to repeat itself, thus making more profits for the Banks. There’s no profit in selling a home to someone who can actually afford it. No money to be made there! The so called gentry own the banks. They don’t need mortgages or home equity loans.

  7. Refresh Comments.