I funny cartoon depiction of how we got into the financial mess this country is in!

4. Sure, no problem. Umm, there’s one other
thing…my employer despises me and might not be
willing to verify my employment.
Don’t worry. We can get you a special
“Liar’s Loan” and you can verify your
own employment and income.

9. Phew!!! We’d better get rid of these crappy
mortgages before they start attracting flies.

21. The bureaucrats at the SEC won’t let us
sell this stuff to widows and orphans, so
we’ll sell it to our sophisticated
institutional clients.

29. Bite me.

31. Hey man, what gives? We’re not
receiving our monthly payments?

32. Yeah, I meant to call you but it’s been really
crazy around there. It seems that the
borrowers who took out the mortgages backing
your CDO aren’t able to pay them off.

36. Yeah, that was a bad assumption.
We screwed up. Sorry.

37. Bad assumption my frigid Norwegian
*?&%@. What about the AAA rating
from the agencies?

38. They screwed up too.

40. Are you kidding? There’s no way they have
enough money set aside to cover this mess. They
screwed up.

41. Well that’s just great. What
am I supposed to tell my
villagers?

42. Tell them you screwed up. It is what it is.