
The World Bank's mission is to spread Greenspan's word of indebtedness and poverty around the world.
"The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake." -- Alan Greenspan, June 1999

On Sunday, after finding blood in the family home and a bloody sleeping bag dumped elsewhere in town, police charged Patrick Cannon with killing his 35-year-old wife, although they have yet to find her body.
[...]
Friends told police that the Cannons had been having financial and marital problems.
They also said the couple were in the midst of a divorce, although there is no divorce action on file in Superior Court.
Patrick Cannon stopped paying the mortgage on his home in the fall, according to court records. He owes $326,358 on a $336,000 mortgage, according to the foreclosure filed by his lender, Quicken Loans.
Wesley Earnest’s expenses exceeded his income by some $55,000, according to testimony from his estranged wife’s divorce attorney.
The testimony, presented this afternoon in Bedford County Circuit Court, paints the picture of a man drowning in debt and asking the court system to grant him spousal support to help pay down those loans and cover expenses.
Wesley Earnest, 39, is charged with murdering his estranged wife, Jocelyn, in December 2007 and trying to make her death look like a suicide.
[...]
In divorce filings, Wesley Earnest listed his income at roughly $77,000 per year, but his monthly expenses at just over $11,000 per month, totaling more than $130,000 per year.
The lake house’s mortgage payments alone were $5,500 per month. The court had ordered Wesley Earnest to pay 75 percent of the lake house’s mortgage, maintenance and taxes and Jocelyn Earnest was to pay the remaining 25 percent.
The house had been for sale at one point for $3 million, but it did not sell, Stille said.
On March 5, deputies arriving to post an eviction notice on Lynda Clark's South Philadelphia home found she had hanged herself.
"It's devastating for everyone. We're not even family members and it's just devastating to us," Captain Albert Innaurato of the Philadelphia Sheriff's Office said.
Less than three weeks later, owner Gregory Bellows shot and killed himself shortly before deputies arrived to evict him from his Roxborough home.
Court records show Clark, whose debt topped $100,000, lost her home at a Sheriff's Sale last October. Bellows, owing more than $240,000, had his home sold at a Sheriff's Sale in 2008.
The owner of a Cicero apartment building in which seven young people died in a February fire had his building manager set the blaze in a plan to cash in on a $250,000 insurance policy, Cook County prosecutors said Friday.
[...] Myers was struggling with a mortgage he couldn’t pay on a vacant Wisconsin building, [assistant state’s attorney Mary] Lacy said.
In a conversation recorded by a wire-wearing witness days after the fire, landlord Lawrence Myers, 60, said he told his manager Marion “Andre” Comier, 47, to “do it during the daytime. . . . I told him do it in the afternoon before the kids come home from school,” [...]
Instead, Comier doused a couch in a vacant first-floor rear apartment with a mixture of oil and gasoline then set it ablaze around 6:30 a.m. Feb. 14 — a bitterly cold Sunday morning when it was virtually guaranteed all those in the building would be home and sleeping, said Lacy and Anita Alvarez, Cook County state’s attorney.
Sallie Gist, 18; her two children, Rayshawn Reed, 3, and newborn Byron Reed; her twin siblings, Elisha and Elijah Gist, 16; her boyfriend, Byron Reed, 20, and family friend Tiera Davidson, 19.
Police say a Palm Desert businessman who pleaded guilty to taking part in a $150 million mortgage scam has hanged himself.
47-year-old Christopher Oetting was found dead in a home on Sagewood Drive in Palm Desert Tuesday, according to the Riverside County Sheriff's Deparment. He was heading to federal prison in just a few weeks.
Oetting was one of seven co-conspirators who created false companies that officials say led to more than 200 homeowners losing their homes to foreclosure.
The kingpin - James Duncan - even made a Youtube video to lure investors.
An investor would buy two, three or as many as eight houses within days of each other. Stonewood would apply for loans on behalf of the client, typically for two loans totalling 20 percent to 25 percent more than the appraised value of each house. The investor would pay the seller close to the asking price, typically $450,000 to $600,000. Jovane Investments would then pocket the excess cash, often $100,000 to $120,000.
Part of that money would be used to make regular mortgage and tax payments on the houses, the attorneys said. It seemed to be a great deal for the investors, the suit alleges, so they would bring in friends and family members.
[...]Things began to come apart in the fall, Abano said, when Oetting Enterprises simply stopped making payments on most of the loans. One of the families had taken out loans on eight investment properties and refinanced their own house, Abano said. The family received nine notices of default since mid-December, he said.
Palm Beach County Sheriff's deputies say that [Neal] Jacobson crashed his SUV near his home in the gated community of Isles in Southern Florida, and when paramedics responded they found him covered with blood, and ammunition in the car, according to CBS affiliate WPEC.
A sheriff's spokesman said that Jacobson then "told paramedics he had killed his family." Deputies raced to Jacobson's home and found his wife, Franki, 53, and 7-year-old twins, Eric and Joshua shot to death inside.
[...]
Jacobson, a former mortgage broker, was on the board of the local Jewish Community Center and from the outside his family was the picture of harmony and love, Katz told WPEC.
"Something snapped, maybe the pressures of the economy, something caused Neal to snap," Linda Katz, Dr. Katz' wife, told WPEC.