CFO of Freddie MAC Commits Suicide

Discussion in 'Politics' started by Principessa, Apr 22, 2009.

  1. Principessa

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  2. D_Fiona_Farvel

    D_Fiona_Farvel Account Disabled

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    Unless he confirms in a suicide note, or it comes out that he was under the threat of imminent arrest or criminal charges, I think it was probably largely unrelated to Freddie Mac issues.

    I support someone's right to end their life when they see fit, but, that had to be a horrible discovery for his wife. Hope there were no children around.
     
  3. catman

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    Agreed.

    There was a simillar situation, one of the richest men in the world (germany I think?) was in the top 20 richest, went from top 5 to bottom 20 (lost a couple of billion, commts suicide...) sad.

    I do agree about the right to die issue (esp with terminal folks who don't want their savings/insurance/familly sucked dry while on a machine they don't need) if you have made your peace, its time to leave.
     
  4. B_Nick8

    B_Nick8 New Member

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    I don't think it's fair to even speculate on this type of thing until facts come out. We have no idea what's relevant and what's not.
     
  5. D_Amyntas Lillydong

    D_Amyntas Lillydong Account Disabled

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    death before dishonor.
     
  6. B_starinvestor

    B_starinvestor New Member

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    This is really peculiar.

    Obviously this guy had a guilty conscience whereas Frank Raines...not so much.
     
  7. Joll

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    It's very sad. Horrible to be in a position where you think that's the only answer.

    Star - Don't know much about Frank Raines, but seems like the people who really are to blame are usually the ones who don't feel guilty. Fred Goodwin hasn't shown much guilt/remorse (at least publicly) over his disastrous tenure at RBS.
     
  8. B_starinvestor

    B_starinvestor New Member

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    Couldn't agree more.
     
  9. Joll

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    Thanks! :)
     
  10. faceking

    faceking Well-Known Member

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    Maybe he was going to tell all... and it was really a homicide.
     
  11. midlifebear

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    Maybe he was just having a bad day. It happens.
     
  12. B_starinvestor

    B_starinvestor New Member

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    I read the article about the suicide this morning in (of all places) the NYTimes. [it was the only paper at the diner; otherwise I would use it to pick up pet extriment.]

    The guy evidently had an unbelievable amount of pressure from groups with extremely divergent interests: shareholders, gov't and public. He was working 23 hour days and coming home only to change clothes; he had to hire security because the reporters/papparazzi were camped outside his home 24/7.

    Sounds like the pressure, the public outcry, the heavy-handedness of gov't intervention, shareholder pressure and no sleep just caused him to snap. And he lost 98% on his stock options.
     
  13. Bbucko

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    Everybody reaches their breaking point eventually.

    Speculating on the breaking point of others is a really nasty bit of schadenfreude.
     
  14. Joll

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    Star - Sounds like he was under far too much pressure. It's awful to be stuck in a position that is completely unmanageable, when there seems to be no way of altering it no matter what course of action you take.

    Bbucko - Not sure that discussing the reason for someone's suicide is necessarily bad - doesn't mean you don't feel a great deal of sympathy towards them. I also think that if certain causes are identifiable - pressure overload/untenable situations, etc. - then maybe lessons can be learned and measures put in place to stop it happening to someone else?
    (Not meaning to be rude here, btw - probably partly trying to justify my part in this thread's discussion! lol).
     
    #14 Joll, Apr 23, 2009
    Last edited by a moderator: Apr 23, 2009
  15. Bbucko

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    I agree that, in theory, there's nothing distasteful about discussing the suicide of a father and husband if it's done sympathetically. But when Starinvestor takes the time to lay partial blame for the man's death at "heavy-handedness of gov't", it's cheap exploitation, and more than a touch of glee at seeing how he can better illustrate his polemics with the death of a human being.

    Yuck.
     
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