So, a while back I told folks who said "we should lock these felons up" that I figured it would only be a matter of time before the pressure of having so many angry people threatening them would bear out, no need for jail.
Being right feels wrong.
At first there were a few officials who said "alright, well, we'll take paycuts" and then it was firings, and now they're hanging themselves. If you're visiting lower manhattan, I'd suggest a sturdy umbrella.
It's sad that he choose that way out, the cowerdly way out for sure. He would probably have not even gone to jail or been in there for like 10 years. At least he saved us the money of prosecuting him and keeping him in jail while his attorny's would have filed appeal after appeal.
Posted by
Original Monique on April 22, 2009 at 8:56 AM
@5 I respectfully disagree. I've never found suicide honorable. If this guy was responsible for something, suck it up and take it. You don't get to be a goddamn puss about the pain and go all Elliot Smith on your family or whatever loved ones you may have in your life. Now they're the ones left with his demons and nobody is better off.
Reading right wing blogs is never a good idea. The credit default swap meltdown was not caused by Jimmy Carter's Community Redevelopment Act. Banks made 30% or less of the subprime and Alt-A mortgages.
FREDDIE MAC IS NOT THE ENEMY; JP MORGAN IS.
Posted by
Paranoia Will Destroya on April 22, 2009 at 9:21 AM
@6,7 - When I read stories about seppuku, the ritual suicide by disembowelment, it is fascinating, but not necessarily tragic. The most famous instance of this is probably the ritual suicide of General Nogi and his wife after the death of Japanese Emperor Meiji in 1912. In that instance (and culture), to not commit suicide would be a dishonorable and regretful act.
However, when I hear about people who suffer from depression and impulsively kill themselves, then it is certainly tragic.
Which case does this one most resemble? I say the former.
I kinda like the role John Perkins took after all the things he did, he went into hiding for a number of years writing a couple books. He said he one biggest regret has been keeping his secret for so long. By killing yourself, quite possibly the most dishonorable thing you can do, you mask the truth. If what you did was so horrible follow John's example, run away until it's safe to come back. This guy's supposed to have a ton of money, no excuses.
If you're a worthless creep who fucked up really really bad, why is there more honor in continuing to take up space in the world as opposed to killing yourself? If your idea of "success" is moving abstract piles of money around and around in such a way that you get richer (while not actually producing anything of value) and then when you fail you fuck things up for EVERYONE ELSE, maybe the world is better off without you. Disclaimer: I don't know if this Fannie Mae guy was a worthless creep. But I hope his suicide is the beginning of a trend.
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