Troubled German billionaire Adolf Merckle and real estate tycoon Steven Good found dead, page 1
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Topic started on 7-1-2009 @ 05:32 AM by WatchNLearn

Troubled German billionaire Adolf Merckle and real estate tycoon Steven Good found dead


www.news.com.au
A GERMAN billionaire who was in talks with banks to save his troubled industrial empire, has been killed after being hit by a train on the same day a US real estate tycoon took his own life.
(visit the link for the full news article)


reply posted on 7-1-2009 @ 12:21 PM by Michelle129
I think you guys are looking at this wrong. As someone recently effected by the struggling economy I can *almost* see where they're coming from. Take out of account the amount of money they have/make and just use percentages. If they suddenly without warning lost 50% of their earnings that could cause serious problems for them.

For example, between my husband and myself we make decent, middle income wages. I just lost my job and now our income has been almost cut in half (about 40% were my earnings). This has now seriously hampered our abilities to pay our bills, loans, mortgage etc. But....go tell MY story to a low income earner and they have the same "quit your whining and try living off my earnings" story you are all spewing. There are differences. Differences in cost of living etc.

It's not about now having to live with new standards of someone earning less than us...it's about LOSING everything we've worked so hard for and haven't quite paid off yet (vehicle, home etc). This has been devastating and totally out of left field unexpected. I'm not crying over not being able to go on a vacation, or buying a new fur coat...I'm concerned about losing my HOME and putting food on the table.

You aren't in their shoes you don't know what their debt to income ratio is/was and it seems to me that you're all coming across a bit jealous and spiteful. Is suicide a cowardly way out...in my option you bet it is! They've now left all the dirty work to their poor families to sort through. Did they do it just because they didn't want to be a "measly commoner"...probably not

Michelle

edit for mistake

[edit on 7-1-2009 by Michelle129]


reply posted on 7-1-2009 @ 01:00 PM by ZombieSlayer
reply to post by aleon1018



If somebody commits suicide doesn't that automatically cancel their insurance policy, as in the family or whoever gets zip!?


reply posted on 7-1-2009 @ 01:01 PM by vor78
reply to post by ZombieSlayer



Not in the United States. As long as the policy has been in constant effect for at least two years, the family does receive the benefits in the event of a suicide.


reply posted on 7-1-2009 @ 07:26 PM by aleon1018
Originally posted by ZombieSlayer
reply to
post by aleon1018



If somebody commits suicide doesn't that automatically cancel their insurance policy, as in the family or whoever gets zip!?


Actually, my ex-wife had an insurance policy on me that would pay out on a suicide after two years had passed from the date of the policy.When these two years had passed, she filed for divorce expecting me to commit suicide.

I doubt any policy over a certain amount would do this. This policy was over thirteen years ago and I think the amount was only around 25,000 if that and possibly less or half if a suicide.

here's a link: insurance.freeadvice.com...

[edit on 7-1-2009 by aleon1018]
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