You know, when that German money manager dude threw himself in front of a train I said "well that's very sad but... oh well."
When the acting Freddie CFO was found hanging in his house I thought firstly "conspiracy!" and secondly "that's absolutely terrible but surely he knew what he was getting into..."
But these stories? No matter how jaded or burned out I am on the financial news, THESE STORIES always shake me out of my news overdose and hit me in the most human part of my soul - how bad could it be to take the children with them? The kids!
It certainly makes one grateful. Far beyond gratitude for my own life but God, how incredibly sad it makes me for the collective human experience right now.
you think AG reads the GBC?
Jr
So it's Alan Greenspan's fault that they buried themselves in debt up to their eyeballs and then killed themselves?
While this is certainly a tragedy, there are tons of people out there who didn't make the same choices under Greenspan's watch.
Jr,
I doubt AG follows GBC, but I'm pretty sure he's aware of it because it was mentioned in a front-page WSJ article on Greenspan's tarnished legacy.
Nickel,
Obviously not all people fell for Greenspan's easy-money trap, but that doesn't lessen the widespread misery he caused, or the many people who were pushed over the edge due to the collapse of his bubble. Read through the stories on the GBC.
And even people who were not reckless are now being victimized by Greenspan's bubble, as the economy collapses and the government runs huge deficits and the Fed prints money.
Rich's new world thesaurus entry: "quasi-public and quasi-private" == "Bound to fail"
Pay in pennies. Request all change in pennies. (But don't melt them down and sell them for their true value, that would be illegal.)
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