Matt Bors for July 31, 2013

Iceland’s economy tanked before ours, brought on by the same deregulation and shoddy untrustworthy banking practices that would bring us down soon after. Iceland’s economy is now booming. The reason? They punished the bankers and bailed out the taxpayers.

Of all the reasons the Justice Department has given us to loathe them, the fact that no one has been indicted, let alone prosecuted, is the most important failure of all.

my favorite cartoon in a very long time

great cartoon+As through this world I rambleI see lots of funny menSome will rob you with a six-gunSome with a fountain penWoody Guthrie

poignant………………….not! Bors-Sorenson-Rall worshipers, crawl out of your parents’ basements to love this tripe. Make sure you’re wearing something Euro-trashy, and by all means, don’t bathe.

You conservatives are way, way off base on this one. A lot of it happened because the clients were lied to about the loans, and assured that they were earning enough money to buy the house. In any real-estate loan transaction, you’ve got a loaner who has done thousands of loans and knows what’s reasonable, and a client who usually hasn’t done it before and trusts the professional. Blaming the client for not knowing that it was an unethical loan is like blaming the guy who buys a car with a bad water pump. “GM is innocent! He should have checked the water pump before he bought the car!” No, we have a right to expect cars that work, and that loan payments are presented truthfully. And if that isn’t happening, that’s where government is essential to police the business, because business has proven incontestably that it can’t.

Too bad this is only fantasy.

OK, capitalism aside (and what the financialists are doing is as much capitalism as butchering a steer is surgery), I like the table-turning and calling a thug a thug no matter what he looks like (thugery is as thugery does.) Especially like the “culture” reference. Veritas!

MStevenson58: Overlooking the almost weekly buried story in the papers about another home stolen with forged documents or the occasional home foreclosed in spite of being free and clear.

“wealth envy, class warfare, no real facts just victims, yep, this is a liberal fantasy strip. Obama will be pleased with his media mind numb Minoans.”-So, Harley, you’re saying that there has not been a wave of illegal foreclosures?