Comments on: The Sub-Prime Primer

By: Mark Brown

Mark Brown — Fri, 26 Jun 2009 09:47:51 +0000

Thanks for sharing this idea in a different way but as few other comments shows that its good but not enough to describe what mortgage is.

By: Lisa

Lisa — Thu, 11 Jun 2009 10:03:01 +0000

Good one!

By: RHF

RHF — Tue, 17 Feb 2009 05:14:57 +0000

Nicely done! It communicates the subprime problem very efficiently. Unfortunately, millions of people have been (and will be) critically injured by this fiasco. I agree with Jeff’s comment about “bad education” — we do not teach rational economics in our schools. And the borrowers and lenders of the crappy mortgages are like high-school kids at the prom where the chaperons have spiked the punch bowl with easy money and lax accounting rules. So who’s to blame — the kids who drank the punch or the chaperons (Democrats and Republicans, including the not-really-independent-Federal Reserve, and excluding a few like Ron Paul)?

And what’s with OK, the Church Lady, above (Comments by OK, on June 6th, 2008), who is pissed off by the cartoon? Was it SATIN that made him do it?

By: Jeff

Jeff — Fri, 13 Feb 2009 13:45:30 +0000

I second Mac’s comment. You left out how Congression oversight of Fannie and Freddie ignored this looming crises back in 2005 when mortgage companies already felt it coming. And you left out how Congress mandated those lax guidelines.

Unfortunately, there are people out there who lack the wisdom and disciple to spend their money wisely and save for a down-payment. A lot of that is due to bad education.

But most of America was drunk of a lifestyle based on cash-out refi’s and HELOC’s to pay-off high-credit card dept. I was one of them. I’ve repented and amended my ways. And I’m supposedly smart enough to know better. Well, I know better now.

By: Jeremy Morrison

Jeremy Morrison — Tue, 20 Jan 2009 11:29:53 +0000

Thanks for the comic version of Subprime Crisis. Your post has rightly depicted the real cause of Us Subprime Mortgage Crisis. The Mortgage Lenders had become so profit hungry that they gave away mortgage loans to people with least repayment potential. Your comic representation depicted this phenomenon accurately.

By: Elois

Elois — Thu, 25 Dec 2008 04:00:04 +0000

Nice post, keep up the good work!

By: Alan

Alan — Thu, 25 Sep 2008 00:35:14 +0000

Another take, inspired by the above:

http://www.verb2verbe.com/comics/taleoftwoworlds.aspx

By: OK

OK — Fri, 06 Jun 2008 22:31:19 +0000

As someone that works in the mortgage industry, you have nailed it right on the head. We are all money grubbing morons that are out to screw everyone over. Way to propagate a stereotype about people that work in the mortgage industry. Oh, you forgot the part where people making slanderous (yet only half informed at best)statements in the media continues to lower general confidence in the market forcing lenders to tighten guidelines to the point where even people who can afford their homes are being screwed because they are now $100,000 upside down in their homes and took Bernanke’s advice, got into a 5 year ARM, have used up all their savings on inflated monthly payments and their families are on the verge of being out on the streets. By the way, we have families too and most of us aren’t looking to just make a quick buck. I am very good at my job and it pisses me off when people think I am a scumbag because I help people finance their homes.

By: phenom

phenom — Thu, 08 May 2008 23:55:56 +0000

that is witty and very informative

By: Bob

Bob — Thu, 08 May 2008 16:06:17 +0000

Um, have you ever thought you are over-simplifying things? My guess – no. And guess what – people other than just those that got sub-prime mortgages are hurting too.