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Wednesday, October 08, 2008

Those damned borrowers

What's Mallard raving about today?

Borrowers, Lenders, Taxpayers.

Right on schedule, except for the color of the borrower's skin, Mallard is blaming the American people for the economic meltdown.


Robert said...

Why did Bruce choose to cite a seismogram as his source?

It might as well be "some people" if it's not legible.

Duck Hunter said...


Placard #1: Took a shot for my piece of George Bush’s Ownership Society.

Placard #2: Met or exceeded expectations in my job as a Bush-appointed Federal lending regulator.

Placard #3: Consistently voted Republican, against my own economic interests.

TuxedoSlack said...

Duck Hunter should have eir own blog to post eir corrected comics, y/y?

David said...

That seismogram is the Community Reinvestment Act of 1977. Link to it is here.

Duck Hunter said...

"Duck Hunter should have eir own blog to post eir corrected comics".

That would be too much like work.

I'm just enjoying this as a blood sport.


exanonymous said...

Hmmm... Fannie Mae and Freddie Mac were not 100% regulated by the CRA, which has no penalties and does not require risky loans anyways. And something like only 25% of the loans and mortgages came from CRA compliant banks that lead up to the financial crisis.

Not only that, I'm sure that a good many of the average joes who took credit or mortgages were not counting on things like losing jobs or rising costs of living which moves them from being safe to risky.

The comic is misleading. Surprise.

rewinn said...
This comment has been removed by the author.
rewinn said...

Dear Tinsley:

When you have to explain your joke in a footnote, you didn't make your joke.

A competent cartoonist would have had the 2nd sign read "Community Reinvestment Act forced me to make the loan".

It would've been a LIE (as
exanonymous correctly notes) but at least it would have had a ghost of a chance of being funny.

I don't mind liars; it's incompetence I can't stand!

Anonymous said...

Oh yes those POOR banks, forced to give loans to people on the assumption they would either pay their immense mortgages or foreclose and surrender their fabulously valuable homes to the bank itself. They truly are victims here.

Michael said...

I've noticed that the plaid shirt and baseball hat are the uniform in political cartoons for "Average Joe", who represents YOU, the American of high moral standing who is getting screwed. However, and I think this is because I've been living on the West Coast all my life, I never actually see people wear clothes like that. Can someone tell me if they know people who wear plaid shirts and baseball caps?

Rewinn, your comic corrections always scare me because I imagine a competant Bruce Tinsley. If he remained stupid enough to produce his usual propoganda, yet also a brilliant cartoonist -- an idiot savant -- his effectiveness would be scary. Luckily, he's just a normal idiot.

factinista said...

I'm actually hoping that he winds up criticizing the Republicans on this at some point, since Mallard adopts a hilariously pathetic "sour grapes" attitude when that happens.

The only time he's ever done that in recent memory was when the Republicans lost Congress in '06. He ended up writing poetry for a week about how they were all secretly Democrats, and how REAL conservatives would have won in a landslide.

Gold-Digging Nanny said...

Michael -- Yes, in fact, there are people out here who wear plaid shirts and baseball caps. You see it probably most often when people are out camping or hunting and need a flannel shirt for warmth and a cap to keep the sun out of their eyes.

Michael said...

Thanks GDN. However, Average Joe typically wears that uniform during activities such as:
- going over bills at the kitchen table
- watching TV with a bemused expression
- raising one eyebrow while reading the paper

None of those involve hunting or fishing. Do people wear those long-sleeved flannel shirts indoors as well?

exanonymous said...


In Indiana, it is not an uncommon way to dress, especially in the more rural towns. But not common. I'm not as sure about indoors, since the Average Joe did not see fit to invite me in.

I did however see guys from the area wear baseball caps to class at the university.

Taquelli said...

I love how the little tin cups are actually stuffed full of dollar bills, as if people are actually falling for their "hilarious" signs and giving to a bunch of white hoboes.

luke said...

I can personally attest to wearing flannel indoors.

I'm more interested in who the hell walks around wearing a bow tie. Liberals, I bet.

Everett Volk said...

If you're interested, here's the actual regulatory language that Tinsley claims FORCES bankers to make loans. It can be found in 12 C.F.R. 345.21(d):

(d) Safe and sound operations. This part and the CRA do not require a bank to make loans or investments or to provide services that are inconsistent with safe and sound operations. To the contrary, the FDIC anticipates banks can meet the standards of this part with safe and sound loans, investments, and services on which the banks expect to make a profit. Banks are permitted and encouraged to develop and apply flexible underwriting standards for loans that benefit low- or moderate-income geographies or individuals, only if consistent with safe and sound operations.