Showing posts with label credit cards. Show all posts
Showing posts with label credit cards. Show all posts

Wednesday, October 15, 2008

Face Bigelow #77 - Bad Debt


I understand making sure regular banks have capital and insuring deposits, but when we bail out investment banks and Wall Street companies that have serious financial problems is that really wise? Even if it hurts us all isn't it better to teach these firms and all their analysts who said everything was AAA a lesson? What message are we sending when we give them 75 billion one week, they throw a big party and ask for another 30 billion a few weeks later? Are we just covering an interest payment and making the problem even worse? What a mess.

Transcript
Big: Victor, you are my closest friend. We are almost like family.
Big: I've maxed out all 75 of my credit cards and have gone underwater on the seven homes I own.
Big: Would you be willing to take over all of that bad debt so I can get back to the spending spree?
Victor: Sorry Big. I keep my finances balanced. You'll have to talk to the Bureau of Bailout. They'll take it over. They are already doing that with Wall Street.

Tuesday, September 30, 2008

Face Bigelow #71 - Bureau Of Bailout - House Free


I know there are probably a lot of people who were taken advantage of during the mortgage boom, but there were also many people who took great advantage of the situation and are still doing so. This comic is targeted at the later. The ones who worked in collusion with Wall street to swindle us all.

Transcript
Title: Bureau Of Bailout
Scam Artist: Wow, this is great! I bought this place with no money down.
Scam Artist: I defaulted on the mortgage so I didn't have to pay anything for a year until they finally kicked me out.
Scam Artist: And now that BOB stepped in to save me I can afford to buy a second house on pure speculation! BOB even offered to pay off my credit card bills!
Big: Here's your check
Scam Artist: Gucci here I come!

Friday, September 26, 2008

Face Bigelow #69 - Bureau Of Bailout - Credit Card Debt


Transcript:
Title: Bureau Of Bailout
Debtor: This Gucci purse didn't last as long as I thought it would and now I have $35,000 in credit card debt.
Big: But the purse still looks new.
Debtor: It is, but it went out of style after two weeks.
Big: Oh, now I see. That does sound like fraud. Here is a $35,000 bailout check.
Debtor: Great. One more thing. Can you make it out for $35,404? I need a new iPhone and a Latte...
Big: My pleasure

Wednesday, April 9, 2008

Face Bigelow #58 - Free Credit Cards


This sort of thing just baffles my mind.
News Inspired: GAO Millions wasted on gov't credit cards.

I've now posted three days in a row, there is a lot to be confused at in this world...

Transcript:
Big: Hey Victor, check out this government credit card I just received. I can buy all kinds of cool stuff!!!
Victor: Don't you have to pay for the things you buy?
Big: No. Everyone does it.
Victor: Aren't you afraid you'll get caught or that this is just wrong?
Big: No! The guy at the top just spent over $500 billion. No one will ever notice a few trips to Vegas.
Victor: Something like this could only start at the top...