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Randomness ([personal profile] randomness) wrote2008-02-15 11:29 am
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Today's a really good day for cartoons about the financial markets.

Not only is this funny, it's not half bad as an explanation of what happened.



Edit: Now you can get the whole slide show simply by clicking on the image. Enjoy!

[identity profile] meepodeekin.livejournal.com 2008-02-15 04:35 pm (UTC)(link)
Hilarious! I'll never forget how, when we were buying our house, the mortgage broker told us she could easily approve us for a mortgage of 10 times our salary "without stretching" and more if we really needed it. Needless to say, we didn't take her up on her offer, and I am thankful every day that we were so circumspect in our expectation of what we could afford.

[identity profile] r-ness.livejournal.com 2008-02-15 04:41 pm (UTC)(link)
The whole slide show is a riot.

I love the bit where the accountant says: "Blow me."

[identity profile] meepodeekin.livejournal.com 2008-02-15 04:55 pm (UTC)(link)
Couldn't get the slide show on this computer. I'll try later.

[identity profile] meepodeekin.livejournal.com 2008-02-15 11:34 pm (UTC)(link)
Yep, that was a classic. Thanks for posting it!

[identity profile] sensesurfer.livejournal.com 2008-02-15 04:50 pm (UTC)(link)
Brilliant!

[identity profile] sukitawdry.livejournal.com 2008-02-15 09:51 pm (UTC)(link)
bravo! Thanks for showing it to me.
mangosteen: (Default)

[personal profile] mangosteen 2008-02-15 10:06 pm (UTC)(link)
That is exceedingly well done.

[identity profile] ravenzanne.livejournal.com 2008-02-15 11:28 pm (UTC)(link)
Having once worked for a "wagon-marketed" banking entity circa 2000 - 2003 when subprime lending first hit the fan - I can attest that this cartoon pretty much has it down. It was all about volume of originations - not whether the borrower could pay. Mortgage & finance units, when questioned internally as to whether this was a good idea, would take a line of how they were providing a vital resource to low income borrowers by making this credit accessible. It wasn't fun trying to spin this into a community development talking point.

[identity profile] bikergeek.livejournal.com 2008-02-22 08:19 pm (UTC)(link)
OMG genius. (here via [livejournal.com profile] sensesurfer, by way of reply to this entry (http://bikergeek.livejournal.com/690949.html))