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  • Last published on October 12, 2008
Tom Toles by Tom Toles

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jabo
jabo says:

It seems that,”this is why” regarding the $$$ now.Ought not one examine the other side, the purchaser(s)?

  • Posted: 2008-10-12T14:42:01Z
motivemagus
motivemagus says:

Oh, that’s been done in various cartoons and in the fora here. The argument is that there are laws that “force” lenders to take on some more risky borrowers. Unfortunately for that logic, that only applies to 25% of the lending organizations that provided subprimes. Probably a more central reason is that the big companies thought they could make money and minimize the risk even with riskier subprime mortgages through new derivatives, which turned out to be stunningly wrong - instead of spreading the risk, we’ve multiplied it across a larger scope and taken down the whole economy at once. So they went after the money regardless of risk.

  • Posted: 2008-10-12T15:52:47Z
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Tom Toles by Tom Toles

With his singular style, Tom Toles tackles the complex issues of the day. This Pulitzer Prize-winning cartoonist skillfully targets political, economic and social concerns — in particular complicated environmental issues — with a clear-eyed precision that hits the mark every time.


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