Tag: bank crisis

Another bank goes bust. This time, it’s personal.

Crossposted at Orange

On a few occasions in recent years, I’ve written about my mother’s death, the horrific relationship I had with my brother, and commented in various diaries about the status of healthcare, the financial meltdown, the state of the economy, etc.  In all of this, one common thread linking this has been my heartfelt relief that my mother died before the crash, before we had to rely on the sale of devaluing assets to care for her.  But she was not the only sick member of the family.  

The recent news of the SEC’s fraud case against Goldman Sachs coincided with other news of a much more personal nature.  The bank she invested in was taken over by the FDIC this past Friday, April 16, 2010.  Today, my estranged brother died of lung cancer.  He was 59, a longtime smoker.