It’s official: depression is on the way

Forget the horrific jobs report, bankers are offing themselves:

Alex Widmer, the chief executive of Bank Julius Baer and a well respected figure in Swiss private banking, has died unexpectedly at the age of 52, the bank said. A source told Reuters he had been informed by close friends of Widmer’s family that the banker had committed suicide.

I’d be more inclined to be sympathetic if we hadn’t just witnessed the successful rape and pillage of the American taxpayer by Henry Paulson and his banking buddies. I can’t imagine too many taxpayers shedding tears should American bankers begin to follow Herr Widmer’s lead.