Thursday, June 05, 2008

black swan effect -mortgage crisis !

Francine has a wonderful  post about her friend. Scott Coles was one of the largest private lender in the Arizona mortgage  market space.

Due to the pressure of the  the mortgage crisis , he apparently committed suicide yesterday.  May he rest in Peace. My heart goes out to his wife and three children.

As he was a a high profile CEO, this gets a lot of news and traction in the blogs. This made me think- how many other's out there are doing the same thing, but just because  they are a  common person, it may go unreported and will not have this amount of exposure.  Think of about it,  10-15% of the American Population is going thru this crisis.

The Amercian dream has become  nightmare. We are just seeing the tip of the iceberg.

1 comment:

W.C. Varones said...

We are trying to keep a tally at Greenspan's Body Count.

We are up to 34 so far. If you hear of any others, please let us know.