ABC news had a couple of different articles highlighting recent suicides that are related to housing issues and the economic crisis as a whole. Last night the acting chief financial officer for Freddie Mac committed suicide by hanging himself in his basement. I, like many others, believe there was a great deal of deceit and unethical behavior by the up and ups in Freddie Mac and Fannie Mae, but I wouldn't want to see them committing suicide. Some might see it as a sign of guilt, perhaps this man felt the company and situation was beyond repair. If he has a family I wish them the best.
ABC also had an article detailing foreclosure related suicides. With financial woes comes increased levels of depression and suicide.
I reiterate what I noted on my post detailing the additional costs of foreclosure....while we are trying to "fix" the market we need to be providing additional resources to help those impacted by it. Failure to do so could prove costly in the long run, not because it is our fault they committed suicide, but because I honestly believe we lost something because they did.
I have an extended family member who committed suicide many years ago over financial issues. I wouldn't wish it on any family.
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I'm sorry to hear about your family member. I wish there was a way to show people during their time of stress that we never know what solutions are possible just around the corner. Just keep moving....
ReplyDeleteIt is sad that anyone will kill themselves over a financial issue. I think men in particular are very vulnerable to this risk. Their ability to financially provide for their family is a huge part of their identity. When you take that away they think they have nothing else. Unfortunately suicide is a permanent solution to a temporary problem. I'm sure this Freddie Mac guy dug a hole that just seemed to big to get out of, and wasn't looking forward to jail.
ReplyDeleteFreddie Mac CFO's suicide is tragic and disturbing. I wonder what the other contributing factors were. I feel for his family, and along with Marci, feel for your extended family member.
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