[Marxism] Mortgage Company Exec Jumps to Death

[Louis Proyect <lnp3@xxxxxxxxx>]

(Posted to LBO-Talk by Andy F.)

http://ap.google.com/article/ALeqM5jarJONkRDuGUYQm3JHM-b2Yz22KAD8U8L2400
Mortgage Company Exec Jumps to Death

14 hours ago

MARLTON, N.J. (AP) — An executive of a collapsed subprime mortgage 
lender jumped to his death from a bridge Friday, shortly after his 
wife's body was found inside their New Jersey home, authorities said.

The deaths of Walter Buczynski, 59, and his wife, Marci, 37 — the 
parents of two boys — were being investigated as a murder-suicide, 
according to the Burlington County Prosecutor's Office.

Prosecutor Robert Bernardi said Evesham Township police went to the 
couple's home in the Marlton section of the township around noon after a 
male caller asked them to check on Marci Buczynski. Her body was found 
in a bedroom.

Authorities would not provide further details on her death, saying only 
that she was pronounced dead at the scene and that the county medical 
examiner's office would perform an autopsy Saturday.

About 20 minutes after her body was found, officers from the Delaware 
River and Bay Authority Police Department received reports that a man — 
later identified as Walter Buczynski — had parked his car on Delaware 
Memorial Bridge and jumped from the span.

Crews were searching for his body Friday night.

Bernardi said a motive for the apparent murder-suicide was not 
immediately clear. The couple's children were being cared for by family 
members, Bernardi said.

Walter Buczynski was a vice president of Columbia, Md.-based Fieldstone 
Mortgage Co., a high-flying subprime mortgage lender that made $5.5 
billion in mortgage loans and employed about 1,000 people as late as 2006.

However, it has since filed for bankruptcy and now has fewer than 20 
employees. The company had recently filed court papers seeking approval 
to pay about $1.1 million in bonuses that would be divided among 
Buczynski and other staffers so the company could wind down its lending 
operations and go out of business.

________________________________________________
YOU MUST clip all extraneous text before replying to a message.
Send list submissions to: Marxism@xxxxxxxxxxxxxxxxxxx
Set your options at: http://lists.econ.utah.edu/mailman/listinfo/marxism