Juggling Dynamite

While the world struggles with various degrees of financial depression today there are many people suffering with mental depression.  Often the two are connected.  Financial loss and worry over the past few years have understandably accelerated the onset of this illness.  Many suffer in silence.  I have met several people in my lifetime who have lost a loved one to suicide triggered by financial problems.  This is truly tragic. Often hearing others talk about their own struggles is helpful to those who are overwhelmed. Today on the 1 year anniversary of my neighbor’s suicide, I thought this discussion on the symptoms and onset of depression is worth hearing.  Recognizing symptoms, admitting problems and seeking help are crucial to recovery. Here is a direct link.

The full show will run on Charlie Rose tonight at 7 and 10 pm ET.

The Charlie Rose Brain Series: Depression. A discussion on depression with Eric Kandel of Columbia University, Peter Whybrow of UCLA, author Andrew Solomon, Frederick Goodwin of George Washington University and Helen Mayberg of Emory University. TONIGHT on Charlie Rose.

“Debt elimination and repudiation is the only way the existing world’s economic disaster can end. The world’s central banks will not be able to print enough currency units to keep all of the losing enterprises afloat. Unfortunately, sacrifices will have to be made by all of the parties concerned, not just those least able to afford it. The too-small-to-save individuals and businesses have been left out of the bailout party, and they have suffered greatly during the current credit bust. Now, Spain, Italy and the rest of the economic basket-cases are approaching the moment when bailing them out will not be possible. Danielle Park believes cooler heads will prevail and accommodations will be made accordingly. FSN would like to believe that sanity will rule, but after four years of complete economic insanity, it’s hard to accept…”

You can listen to the audio clip here.

Chris Whalen, senior managing director at Tangent Capital Partners, and Bill Rochelle from Bloomberg News talk with Bloomberg Law’s Lee Pacchia about how the so-called in pari delicto defense stops trustees from suing for fraud in cases such as MF Global and Bernie Madoff. Whalen argues that appointing equity receivers, a popular remedy 100 years ago, in these cases would allow court appointees to pursue third parties on behalf of victims for fraud. The question is whether Congress is willing and able to change the law.

Here is a direct link.