Tom the Dancing Bug by Ruben Bolling for May 22, 2014
May 16, 2014
May 23, 2014
Transcript:
Enjoy this Classic Tom the Dancing Bug Vintage 2009 Every Thursday Panels from the annals of the Tom the Dancing Bug archive Check back every Friday for a fresh, brand new Tom the Dancing Bug! Tom the Dancing Bug by Ruben Bolling Lucky Ducky The Poor Little Duck Who's Rich In Luck in "Adventure In Finance" Hound: Of COURSE you can afford this mortgage! The first month's payment is $1.98! Lucky Ducky: Okay, I'll sign! Lucky Ducky: What happens after the first month? ZIP Hound: GOTTA GO! Hound: Put this mortgage in an asset-backed security! Aide: It's now rated AAA! Woman: Here's your fee! Hound: Now use THAT security in a C.D.O.! Man #1: Here's your fee! Hound: Now write a C.D.S. on the C.D.O.! Man #2: I'm betting it will default! Man #1: I'll TAKE that bet! Hound: I'LL take it and put it in ANOTHER instrument! Man #2: It's rated AAA! Woman: Here's your fee! Lucky Ducky: Um... Hound: You wanna buy a C.S.O.D.? It's AAA! Man: Here's your fee! Lucky Ducky: Excuse me. I can't make my mortgage payment. AUUGGH Lucky Ducky: I can still get my spot under the bridge for the night. Need a place to stay? Hound: LUCKY DUCKY!
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meetinthemiddle almost 10 years ago
So it’s all the fault of legislation passed 40 years earlier and not the blatant fraud committed by ratings agencies and bankers? Wow. That’s a stretch.
bgerard almost 10 years ago
Another swing and a miss by libsmasher. No legislation was passed to force bankers to give loans to the unqualified.
Kip W almost 10 years ago
“They were begging to be defrauded! Look at how they were dressed!!”
Ushindi almost 10 years ago
Excellent call!