Tom the Dancing Bug by Ruben Bolling for February 07, 2009
Tom the Dancing Bug by Ruben Bolling Lucky Ducky The Poor Little Duck Who's Rich In Luck in "Adventures In Finance" Hound: Of COURSE you can afford this motrgage! The first month's payment is $1.98! Lucky Ducky: Okay, I'll sign. Lucky Ducky: What happens after the first month? Hound: GOTTA GO! Hound: Put this mortgage in an asset-backed security! Aid: It's now rated AAA! Aid #2: Here's your fee! Hound: Now use THAT security in a C.D.O.! Hound #2: Here's your fee! Hound: Now rite a C.D.S. on the C.D.O.! Hound #3: I'm betting it will default! Hound #2: I'll TAKE that bet! Hound: I'LL take it and put it in ANOTHER instrument! Hound #3: It's rated AAA! Hound #4: Here's your fee! Lucky Ducky: Um... Hound: You wanna buy a C.S.O.D.? It's AAA! Hound #2: 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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'Tom The Dancing Bug' Creator Ruben Bolling Awarded The 2017 Herblock Prize
February 25, 2017
There is a sense in which our entire economic system is a bit of a Ponzi scheme in that we always have growth. Bolling did a cartoon about this recently with Ben Franklin et al. If this is accurate, we are truly screwed.