sub-PRIME CUT
As loans default and foreclosures increase, the lenders have to pay out more and more to hide the losses. But the lenders can only make this up by making more loans, because this is how they increase their cash flow; and now it is clear they can make nore loans, and thereby increase their cash flow only by simultaneously increasing their losses, since their “loans” are proving to be losers. So no one wants their”paper” anymore because-well-it’s the financial equivalent of toxic waste. The “subprime” stuff is just the first surge: the tidal wave is close behind. Because all of it, the subprime, the prime, the AAA and everything in between, is the product of a previously hidden, but now obvious…Ponzi scheme. A Ponzi scheme that is in the process of unraveling, as all Ponzi schemes eventually do. And what person wants to be the last idiot to buy into a Ponzi scheme?
From: What the ‘Subprime’ Mess is Really About by John Regan Jr.


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HeatherTS
lost a home due to an ARM loan…if anyone ever gets one…be sure NOTHING EVER changes on your credit report (unless its for you and not against you) the mortgate nearly doubled and we were forced to sell.
great piece
Larry Butterworth replied
Sorry about your home, lot of that going about, not a good thing, thanks for looking.
Matthew Scotland
Fantastic work Larry
Larry Butterworth replied
Matthew thanks for looking and thanks for your support
H M Bascom
Fantastic work illustrating the crisis.
Larry Butterworth replied
Helen thank you for your comment, Regards
Paul (Quixote)...
Great creativity, Larry.
Larry Butterworth replied
Thanks Paul, good to hear from you.
Matthew Scotland
i was wondering about the winged red horse larry
Larry Butterworth replied
Hey Matthew, The red horse is the moble gas logo, not seen too much these days, I wanted it to symbolize the oil industry and I liked the way it looked.
shanghaiwu
where have I been
this is AWESOME
Larry Butterworth replied
Shanghaiwu thanks so much
reflector
A great concept and depiction of the failings of the system ! Very symbolic !
Larry Butterworth replied
Hey Reflector thanks for looking, I couldn’t resist commenting on the situation, our economy is in the toilet bad, hope it gets better.
reflector
It’s definitely the down-side of capitalism, but it’s the only system that really works.
RosaCobos
There is one way…
And can be done..
trying not to owe money to anyone..
to any buy..
unless not do doing ti..
would mean to starve.
And it works!....
we not have a home owner scriptures…
but you will be a free man… or woman..and ready to work for the living..
day by day.
Rosa (yor work is as always… “vitriolic” and really funny… good sense of humour….and plastic dimensionality… crrazyness…!!! good
Rosa
montdragon
Oink oinkers pouncing Ponzi schemers scheming for the next pig to slaughter and making bacon out of piggy’s in the blankets…a visual phantasmagoria as thousands lose their homes and jobs…the new indentured American servants soon to be a worldwide franchise….a sobering graphic of a graphic situation.
Larry Butterworth replied
Thanks for the very descriptive comment, you say it as well as it can be said and better. I notice your from San Diego, we are neighbors I live in Ocean Beach.
Braun1973
Awesome !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Larry Butterworth replied
Thanks Brian
Danilo Lejardi
Larry, haven´t seen this before; think I´ll have to update my watchlist once more, d…, it; anyhow, this is so well done; like the concept and the realization a lot.
Larry Butterworth replied
Thanks for the fave and the comment Danilo, always appreciated
Larry Butterworth
Thanks for the fave and comment Danilo, always appreciated.
Scott d'Almeida
fabulous;
Larry Butterworth replied
Thanks again for the comments
Rosina Lamberti
excellent
Larry Butterworth replied
Rosina thanks, I appreciate your comment
Antanas
great job
mistertrooth
Yertle The Turtle meets Animal Farm, meets King Kong, meets Larry Butterworth!! Love it.
Anji Johnston
Wonderfully meaningful piece Larry. So well thought out and depicted – love your style!
Larry Butterworth replied
Thanks Anji
MrTAH
the lost Pink Floyd cover…...off to favs….
JohnOfLightning
the ponzi bubble, huge and relevant
shanghaiwu
brilliant
BRILLIANT
Larry Butterworth replied
thanks so much for the honor
rodeorose
Incisive work.
Larry Butterworth replied
Thanks so much, your so kind