As if the mortgage downfall and uncertainty of what the future brings weren’t enough, all the months of market fluctuations, the endless debates within the House and Senate and each day bringing a new

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downfall of some financial institution have culminated into a ninety year old woman attempting to kill herself because of the overwhelming burden foreclosure proceedings brought. Fortunately, she wasn’t successful. Still though, for anyone who wondered how bad things would get for the everyday American, this should be a clear indicator of the crisis.

Police had attempted to serve the foreclosure notice to her over thirty times! What makes this even sadder is she had lived in this home for the past 38 years. My guess is she probably raised her children in this house; the walls surely hold a lifetime of joys, accomplishments and dreams.

It was reported that in her efforts to refinance her home at some point resulted in having to do so through a sub-prime mortgage lender - most likely her age being a factor. The stress must have been overwhelming for her to believe the only out - the only way to remove the fear and stress - was to take her own life. Recognizing the lender’s right to protect its investment, you would think there would have been a far more satisfactory solution. Therein lies the heart of the problem - the vicious cycle of lenders not being able to collect mortgage payments because homeowners can’t make those mortgage payments because the economy is close to hitting rock bottom because the lenders can’t collect mortgage payments…..and so it goes until a rod is slammed into the spokes resulting in an unsuccessful suicide attempt by an elderly woman.

Unfortunately, sometimes acknowledging the problem isn’t always the first step towards solving the problem. There is certainly no visible solution in this situation. I guess they finally got her evicted, though. Meanwhile, the rod is kicked out of the spokes and the wheels start turning again, complete with the cycle that has no end in sight. If the recently passed rescue bill were to kick in this very minute, it’s too late for so many who have avoided being served foreclosure notices in hopes of a miracle or windfall of money. Since no one even really understands how this rescue bill will help anyone other than the big dogs on Wall Street, it’s likely there will be many more like this woman. Most won’t consider suicide as their only way out, but their lives are surely to drastically change and because of that, they could care less about the economy’s impact on the mortgage industry since they are no longer homeowners with anything at stake.