The More you Have, the More you Have to Lose
Today's headlines included yet another story of financial ruin and suicide, as seen in this story .* Haven't there been something like 5 or 6 of these suicides in the past year? They all have the same things in common: they were all men, high up in the ranks of major financial institutions, and either lost everything, were accused of making other people lose everything, or lost enough to send them from being billionaires to 'mere' millionaires. What saddens me is that this man, for example, felt badly enough about his financial loss that he preferred death to bankruptcy. That living like the rest of us was such a terrifying thought that he'd rather hang than have to downsize from a 10,000 square foot house to a 5,000 square foot house. He would rather leave his daughter without a father than lose out on his Freddie Mac shares. Oh the shame of it. And it is easy to assume that he had issues with depression or anxiety prior to this, but it doesn't seem like these ...