Tuesday, December 23, 2008

Financial Collapse Sparks Suicide


Image from Mace27

We're all familiar with tales of Wall Street brokers jumping to their deaths after the 1929 stock market crash. I don't know how numerous they really were, but there must've been enough to put that story into all of our heads. Now, the coming second Republican Great Depression (as radio talker Thom Hartmann puts it) has taken a casualty of the same sort.

It's possibly not the first, but it is the first I've seen reported. And it certainly sounds messy.

[Excerpt]

Fund Chief With Madoff Ties Said to Commit Suicide

Rene-Thierry Magon de la Villehuchet, a founder of the hedge fund Access International Advisors, was found dead early Tuesday in his office in Manhattan, the French business daily La Tribune reported on its Web site, after losing as much as $1.4 billion that had been invested with Bernard L. Madoff, the money manager accused of running a $50 billion Ponzi scheme. Mr. de la Villehuchet, 65, committed suicide, La Tribune said, citing a someone close to Mr. de la Villehuchet. . .

Read more at: CNBC

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