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Raging Pencils by Mike "Lefty" Stanfill

The fouth little pig's sensimilla home.

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Raging Pencils is a seedless conceit of:

Mike Stanfill, Private Hand
Mike Stanfill, Private Hand
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Today's mystery web comic is:

start rant

Probably the Most Important Thing You'll Read All Year:

leechesAfter the mortgage business imploded last year, Wall Street investment banks began searching for another big idea to make money. They think they may have found one.

The bankers plan to buy “life settlements,” life insurance policies that ill and elderly people sell for cash — $400,000 for a $1 million policy, say, depending on the life expectancy of the insured person. Then they plan to “securitize” these policies, in Wall Street jargon, by packaging hundreds or thousands together into bonds. They will then resell those bonds to investors, like big pension funds, who will receive the payouts when people with the insurance die.

The earlier the policyholder dies, the bigger the return — though if people live longer than expected, investors could get poor returns or even lose money.

Nice, huh?


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Bonus Animation

Extra Deluxe Magical Bonus Fabulousness

town hall dumbass
The MightyGodKing strikes again.
More here. Much more.

Raging Pencils salutes the Mystery Reader of
Besançon, France
Whoever you are, thanks for reading my fermented little 'toon.

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Today's Google Chow.
Scene: Mother Goose Land. Foreground features house built of marijuana.
Caption: The fourth little pig built his house of sensimilla, inside of which the wolf did a lot of huffing and puffing, pausing only to eat the occasional pizza delivery boy.