Jump to content
House Price Crash Forum
ScaredEitherWay

More Financial-failure Suicides

Recommended Posts

SUNDAY in leafy Castleknock. Families cram local restaurants offering recession-friendly menus. Pubs hum with punters watching the latest sports fixtures on big screens. Despite his liking for Sikorsky helicopters and fancy cars, this was just the kind of lazy afternoon Patrick Rocca most enjoyed. A week ago today, the tiling king turned property mogul joined his wife, Annette, and their two sons, Stuart and Patrick Junior, for a meal at the Angler's Rest. Their friends, Louise Loughman, the television presenter, and her developer husband, Stephen Byrne, joined them. In all, a routine Sunday in the family life of this glamorous couple who partied their way onto the social pages but remained rooted in their local community.

The next morning, Annette set off on the school run with the boys. She got home at around 8.45am. She found her husband lying in the garden, a gun shot wound to his head, the weapon by his side. Neighbours reportedly saw him pacing outside in his pyjamas shortly before hearing the gun shot. The former Olympic athlete Eamon Coghlan, who lives on the same road, was among those who rushed to the aid of Annette Rocca.

Within hours, the death of this poster boy for the Celtic Tiger became inextricably linked to his decimated fortune. The grandson of an Italian tiling entrepreneur, he sold the tiling business for €12m several years ago. He ploughed €300m through his property firm, Accorp, into prime developments across the UK, including €100m of his personal fortune on a distribution centre for retailer Argos. He was reputed to have invested heavily in the stock market.

Mr Rocca enjoyed the spoils, living life large. He famously picked up Uri Geller in his "colossal" twin-engine Sikorsky helicopter, and flew him over Lansdowne Road as Ireland played Switzerland during a World Cup qualifier, so that the psychic could send out positive vibes to the home team. He flew Bill Clinton around Irish golf courses and entertained moguls such as Sir Alan Sugar at his villa in Marbella. His sister, Michelle, is the partner of Van Morrison, the musician.

The credit crunch hit Mr Rocca's fortune hard. He began the new year with hundreds of millions wiped off the value of his property empire, and nursing stock market losses.

At his funeral Mass in St Mochta's church in Porterstown on Wednesday, Fr John Daly reminded mourners: "All of us here are aware of the tragic circumstances that bring us here today, but I am not going to dwell on them." Instead, he singled out the Castleknock Celtic soccer club and the local scouting organisation which were among the many local clubs that benefited from his generous support.

Patrick Rocca will be remembered by his family as a loving husband, father, sibling and friend. But as a poster boy of the Celtic Tiger, his death has come to epitomise its spectacular demise. CNBC, the US cable news channel, declared Patrick Rocca the first high-profile victim of Ireland's financial crisis. The New York Times cited his death as an example of the steep personal toll of global recession. He joined the annals of other mega-rich financiers who killed themselves in the face of financial ruin.

Rene-Thierry Magon de la Villehuchet, a fund manager who lost $1.4bn of clients' funds by investing with Bernard L Madoff, committed suicide before Christmas at his office in Manhattan. The German financier Adolf Merckle threw himself under a train earlier this month. He had lost up to €400m in a failed speculative shares investment in Volkswagen. The same week, Steven Good, director of a Chicago real estate firm, shot himself in a forest.

...

Last November ... a young barrister from Kildare said goodbye to his colleagues after putting in a morning's work at Naas court house, returned home and took his own life.

An inquest into his death will be held in the coming months. The barrister was just 33 years old, newly married and embarking on a promising legal career. He also was understood to have financial troubles. Judge Desmond Zaidan described his death as a "terrible tragedy and loss of life" and suspended the court sittings.

In December, Jack Marry, one of Ireland's most successful pig farmers, found himself unable to cope with increasing financial problems. The 64-year-old farmer from Proudfootstown, near Drogheda, had built up one of the most successful piggeries in Ireland and in 2002 decided to retire. "I'm at them long enough," he told the Farmer's Journal at the time. He had other business interests to keep him busy, one of which was investing in the stock market. Friends said this weekend that the global credit crunch wiped significant value off his investments.

Six days before Christmas, Jack Marry saw his son off to work. He left a note for his family on the kitchen table. He took a shotgun and went into an upstairs bathroom, locked the door and then took his own life.

His family saw the note after mid-day. He left it to spare them the added trauma of discovering his body. They called the gardai, who found his body a short time later.

Fr Joe Deegan told the hundreds of mourners at his funeral in Slane that Mr Marry was a genius at solving problems. The shock of his death raised questions that may never be answered. Mr Marry is survived by his wife Rosemary and six children.

http://www.independent.ie/opinion/analysis...ld-1613878.html

Share this post


Link to post
Share on other sites

goes to show the shallow mentality of peoples attachment to money being more than the gift of life itself.

the best things in life are always free, although nu labour are still trying to find ways to tax them.

i think a general lack of faith is missing from this forum, and so i have decided to change my avatar to suit.

Share this post


Link to post
Share on other sites

And so, tragically, the Credit Crunch body count continues to mount. The psychopaths in the halls of power had their party and in its wake comes global economic and societal destruction.

I'm not religous in the slightest sense but nonetheless there are particular human flavoured consequences that result when people abandon reason and virtue en masse and instead succumb to temptation and vanity.

The Devil succeeds by moving with the times. The Church fails by obsessing with the past.

Why is it, given the massive advances we have made in every avenue of human understanding that The Bible, Christianity's reference guide, is never updated to remove the morass of ancient anecdotes of questionable moral value and replace them with new knowledge including key lessons from contemporary understanding such as psychology, psychiatry and sociology? If we are to perfect mankind, why isn't our moral compass continually adjusted to give ever better direction?

What a tragedy for human-kind that this opportunity is squandered, but its not just the People that lose out here. The Church loses out here in many ways too. New Bibles could be published on an annual basis both with their release being a global annual event and just think what they could do with the revenue. (Lets face it the Church has only one product in its merchandising range and can't even see how to maximise profits from that).

But, for as long as the Church continues to preach what the ordinary man in the street sees as baffling, irrelevant, mumbo-jumbo The Devil has it easy and his influence will flourish with little challenge.

Edited by Dave Spart

Share this post


Link to post
Share on other sites
And so, tragically, the Credit Crunch body count continues to mount. The psychopaths in the halls of power had their party and in its wake comes global economic and societal destruction.

I'm not religous in the slightest sense but nonetheless there are particular human flavoured consequences that result when people abandon reason and virtue en masse and instead succumb to temptation and vanity.

The Devil succeeds by moving with the times. The Church fails by obsessing with the past.

Why is it, given the massive advances we have made in every avenue of human understanding that The Bible, Christianity's reference guide, is never updated to incorporate new knowledge including key lessons from psychology, psychiatry and sociology? If we are to perfect man-kind, why isn't our moral compass continually adjusted to give ever better direction?

For as long as the Church continues to preach what the ordinary man in the street sees as baffling, irrelevant, mumbo-jumbo The Devil has it easy and his influence will flourish without challenge.

and stonings and beheadings etc....

at the end of the day everyone dies, no one knows where we come from and life is no freak coincidence.

the rest is for you to work out within your own souls. and we all agree we all have a soul.

Share this post


Link to post
Share on other sites

There's also something else that irks me about the Church: Its followers are conditioned to believe that by default they intrinsically lack what it takes to rise to the same heights of goodness, moral inspiration and leadership Christ allegedly achieved. (Christ was supernatural, men are mere mortals therefore don't bother trying).

By making out that Jesus Christ was a supernatural being, by placing him on a pedestal and instilling the idea we can only ever see his like in a second coming followers are left to wait patiently for him to return, all the while feeling inadequate and bereft of the one they need to reassure and command them.

What a clever trick the Devil has played here. Good people have been conditioned to do nothing in the face of evil.

Christians like the idea that the Bible provides the guidance necessary to live a virtuous life. What the Bible lacks is the guidance to succeed in rooting out evil, the guidance necessary to overcoming it and the obligation to do both. (This is probably a consequence of Christ's hubristic eudomonia).

The facts are that every single individual has a responsibility to fulfil their maximum potenital in every aspect of their lives and can certainly achieve the same heights in moral philosophy as Christ allegedly did. But in the Church making people believe they have to wait for Christ to return, wrong doing wreaks havoc and human potential is wasted across the globe.

(You'd think if the Church really gave a sh1t it would encourage people to make the planet as beautiful as possible for Christ to come back to, but they don't even try that approach).

And its for these reasons that minions of Satan such as Emperor Bush and Darth Cheney get to wage war and rape the planet for profit while ordinary folk immerse themselves in the next edition of Big Brother, lacking the commands from their leader to challenge them).

Edited by Dave Spart

Share this post


Link to post
Share on other sites
and stonings and beheadings etc....

at the end of the day everyone dies, no one knows where we come from and life is no freak coincidence.

the rest is for you to work out within your own souls. and we all agree we all have a soul.

Whatever.

Yours,

An Atheist.

Share this post


Link to post
Share on other sites
dont listen to dave spart hes just a muppet

I see they've just reopened the JonBenét Ramsey case.

Judging from your photos it won't be too long before you get that knock on the door.

Edited by Dave Spart

Share this post


Link to post
Share on other sites
dont listen to dave spart hes just a muppet

Very Christian.

That's 50%deposit fulfilling his maximum potential.

Edited by Dave Spart

Share this post


Link to post
Share on other sites

I am sure the suicide toll will mount as this collapse progresses, the question is though whether we could witness someone travel the path to a form of destruction wider than just themselves. Fortunately we don't have easy access to guns in the UK, but it is fairly easily to imagine an investment banker of perhaps a severely disgruntled client deciding to go out taking as many members of the financial services sector with them as possible.

No doubt if this does happen the US will lead the way.

Edited by mikelivingstone

Share this post


Link to post
Share on other sites

The potential for this happening, after a friend's uncle shot himself during the last one, was my main reason for trying to persuade people not to jump on the debt bubble.

Share this post


Link to post
Share on other sites

Now look ... I started a perfectly legitimate thread regarding the sad loss of life which has already come out of this current financial meltdown ... and you lot turn it into a God squabble and masturbation.

Really ...

:)

Share this post


Link to post
Share on other sites

I think it says a lot about the type of person who "makes it" in business that they should see this as the solution to nothing more than a change in their financial position.

It's not like they (well two of them, anyway) are personally implicated in some criminal wrongdoing, and they still have their family FFS.

What's wrong with living like a normal person and moving on, the other 60 million of us manage it. Why do that think that this is such an unacceptable alternative that killing themselves is better?

tim

Share this post


Link to post
Share on other sites
And so, tragically, the Credit Crunch body count continues to mount. The psychopaths in the halls of power had their party and in its wake comes global economic and societal destruction.

I'm not religous in the slightest sense but nonetheless there are particular human flavoured consequences that result when people abandon reason and virtue en masse and instead succumb to temptation and vanity.

The Devil succeeds by moving with the times. The Church fails by obsessing with the past.

Why is it, given the massive advances we have made in every avenue of human understanding that The Bible, Christianity's reference guide, is never updated to remove the morass of ancient anecdotes of questionable moral value and replace them with new knowledge including key lessons from contemporary understanding such as psychology, psychiatry and sociology? If we are to perfect mankind, why isn't our moral compass continually adjusted to give ever better direction?

What a tragedy for human-kind that this opportunity is squandered, but its not just the People that lose out here. The Church loses out here in many ways too. New Bibles could be published on an annual basis both with their release being a global annual event and just think what they could do with the revenue. (Lets face it the Church has only one product in its merchandising range and can't even see how to maximise profits from that).

But, for as long as the Church continues to preach what the ordinary man in the street sees as baffling, irrelevant, mumbo-jumbo The Devil has it easy and his influence will flourish with little challenge.

You sound religious to me Dave.

If it is all bunkem then why all the analysis and thought?

Edited by GregG

Share this post


Link to post
Share on other sites
I think it says a lot about the type of person who "makes it" in business that they should see this as the solution to nothing more than a change in their financial position.

It's not like they (well two of them, anyway) are personally implicated in some criminal wrongdoing, and they still have their family FFS.

What's wrong with living like a normal person and moving on, the other 60 million of us manage it. Why do that think that this is such an unacceptable alternative that killing themselves is better?

tim

Jesus answered, "If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Then come, follow me."

When the young man heard this, he went away sad, because he had great wealth.

Share this post


Link to post
Share on other sites
Will GB do a Maxwell?

If you mean, by this, whether GB will do Harikiri, the answer is NO!

Have you ever heard of a politician committing suicide for such reasons as credit crunch or getting his name

dragged through mud?

Share this post


Link to post
Share on other sites
You sound religious to me Dave.

If it is all bunkem then why all the analysis and thought?

Because it's dangerous destructive bunkem.

I'm interested in examining the negative consequences that can arise when a small number of people bear strong influence over the behaviour of a large number of people.

In many ways the Church still has this power (especially in Latin America and Africa) just the same way groups like politicians, bankers, journalists and advertisers do, but of all the big influential groups in society the Church is incapable of maximiziing its potential for good because of its preoccupation with God, its permanently backward looking nature and because of its institutonalized psychosis, entrenched attitudes and resistance to change.

One of the most influential organisations on the planet squanders opportunity, wastes talent and misses the chance to change the planet for the better and the consequence is well, hell holes like The Philippines. Until Marcos the Philippines was a prosperous country of exceptional beauty - a real paradise. With the corruption came great poverty and with Catholic rules on contraception came an unpreventable population explosion. I thought Jakarta was the definitive Asian hellhole until I saw Manila - a soul destroying mix of wall to wall grinding poverty and lothario TV evangelists.

You'll never meet a more pleasant bunch than the Filipinos, but equally you'll never meet a more religiously observant bunch than the Filipinos. The vasy majoirty live in the most awful poverty and tragically they can't see why. You have to wonder how much their poverty comes about as the result of self imposed imprisonment within the confines of their religious adherence. What a tragedy it is to see such lovely people suffer because of their fervent beliefs.

The Catholic Church has always had the power to change things but won't. The Pope refuses to allow the use of contraception and yesterday condemned Obama for the funding move on abortion advice. The Pope could do a good deal more to condemn and to fight corruption. The Pope could also do more to instill his followers with the imperative to care for and to beautify the enviroment but we hear nothing about this. Manila is 100% Catholic and is an absolute hellhole.

You'll notice my signature is a link to a speech by Neo at the end of the Matrix. In that speech Neo warns the Matrix of his intention to remove the wool from the eyes of those it controls by deception so that they can be freed to make choices for themselves.

There are those whose plans's success depends on their capacity to convince others to abrogate something of themselves, thus both cementing their power and legitimizing their leadership.

Politicans need you to believe they are best placed to manage your constituency's needs.

Preachers need you to believe they are best placed to manage your spiritual needs.

Bankers need you to believe they are best placed to manage your financial needs.

But its when people learn to think and to act for themselves they retain power for themselves and in so doing provide themselves with greater scope to fulfil their potential. They don't need a cue from a power seeking official nor do they need his advice; they can get that from nobler sources of knowledge.

History is littered with examples where mankind has either been fooled into or willingly abrogated power to incompetents, to criminals or to megalomaniacs with disasterous consequences. Now, with the advent of the internet its time to move on from this obsolete model of group dynamics; its time to cease abrogating and instead start cooperating.

Does that answer your question?

Edited by Dave Spart

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.