Tondar's Daily Rant

Prepare yourself for the writings of Tondar the Destroyer, Baron of Atlanta, Rightful Heir to the Throne of Spain, from whom all babies come. As his will be blogged, so let it be done.

Friday, March 21, 2008

YOU FUCKED UP

James sent me this little cartoon that shows the pre-2007 conditions that allowed so many bad loans to be created. Of course this shows the incompetency at only a few levels. What was so amazing about the undoing of our economy is the way that, not only the system screwed up, but also the way that each portion functioned in a microcosm so that mistakes, and incompetence had no repercussions, wheels were set in motion and the entire cycle of insanity kept on rolling from Tres on the origination side, through James on the servicing end, and finally, coming across Tondar's desk to be foreclosed so the waste in the economy could be removed and the lending cycle of doom could begin anew, just like the Hindu pantheon of gods.

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