Posted on 02/24/2014 5:27:39 PM PST by ilovesarah2012
What are we to make of this sudden rash of banker suicides? Does this trail of dead bankers lead somewhere? Or could it be just a coincidence that so many bankers have died in such close proximity? I will be perfectly honest and admit that I do not know what is going on. But there are some common themes that seem to link at least some of these deaths together. First of all, most of these men were in good health and in their prime working years. Secondly, most of these "suicides" seem to have come out of nowhere and were a total surprise to their families. Thirdly, three of the dead bankers worked for JP Morgan. Fourthly, several of these individuals were either involved in foreign exchange trading or the trading of derivatives in some way. So when "a foreign exchange trader" jumped to his death from the top of JP Morgan's Hong Kong headquarters this morning, that definitely raised my eyebrows. These dead bankers are starting to pile up, and something definitely stinks about this whole thing.
(Excerpt) Read more at theeconomiccollapseblog.com ...
to test a theory that the deaths are related
the mere anecdotal evidence that they are all bankers is not enough, for there are literally thounsands in their shoes in the banking industry
you would need to be some sort of relaionship matrix, of their personal and professional relationships and relationship networks
and look for intersecting points between any of the dead bankers, in such a matrix
otherwise, they might share some psychologocal deficit, for common or unrelated reasons
EIGHT self inflicted shots with a nail gun. Yea, RIGHT!
That’s a message, pure and simple.
Like something from a John Grisham novel if you ask me.
Somethin’ ain’t right.
Thanks ilovesarah2012.
Another “Successful Banker” Found Dead
http://www.freerepublic.com/focus/news/3126628/posts
It was an automatic machine nail gun. In before some idiot journalist at the NYT. /sarc
I’m guessing the nail gun just didn’t turn out as effective a suicide weapon as he had imagined. Probably he started with the chest, didn’t die, figured he missed the heart, and then tried a few more times before he figured out he wasn’t going to penetrate that far into his chest.
Could have been murder, as I said, but it is not linked to the other deaths.
This whole story is bunk.
2000 people a day commit suicide. Is it all that surprising that a couple a week happen to be bankers?
For example, 3 killed themselves the last week of January, and last year there was an article about bankers committing suicide after a rash of suicides in September.
It happens pretty regularly with bankers, 3 a week in january, and now in the past week, and also last september.
This is like how you suddenly notice that half the cars around you are the same kind of car, and you think it is really weird and surprising. But it is just that you notice patterns like that. You don’t notice the thousands of times that cars that are NOT alike are around you.
JPMorgan To Fire Thousands
http://www.zerohedge.com/news/2014-02-24/jpmorgan-fire-thousands
It turns out that they didn’t fire enough and/or that the housing market contraction was far worse than even the banks, in their most, pessimistic forecasts, had expected. Case in point: JPMorgan, which after firing 15,000 in its mortgage business, has just revealed it will fire thousands more.
that too
When they do it with 7 or 8 shots with a nail gun to the head, yes.
Following a Wave of Banker Suicides, 3 Former Barclays Bankers Now Charged in LIBOR Scandal - See more at: http://www.thedailysheeple.com/following-a-wave-of-banker-suicides-3-former-barclays-bankers-now-charged-in-libor-scandal_022014#sthash.pOT2qbKx.dpuf
Libor is an interbank benchmark used to set the interest rates on trillions in loans all over the world. The investigation into Libor’s deliberate manipulation began in 2008, and it has come to light that traders at various banks all over the world have benefited financially from turning in false interest rate reports since.
Thus far, Barclays and other mega banks including JP Morgan Chase, Citigroup, UBS, Deutsche Bank and the Royal Bank of Scotland have been forced to pay billions in regard to rigging interest rates.
The Wall Street Journal is also reporting that authorities in the United States, United Kingdom and EU are currently investigating a group of traders from various banks for manipulating Euribor, the euro interbank interest rate, as well.
The news comes on the heels of a rash of banker suicides.
Jan. 26, 2014
William Broeksmit, 58-year-old retired Deutsche Bank senior manager with close ties to co-chief exec. Anshu Jain, was found hanging dead at his home in London. It was reported as an apparent suicide. Police quickly declared that Broeksmit’s death was not suspicious.
Jan. 28, 2014
Two days later Gabriel Magee, 39, reportedly leapt to his death from the 33rd story of JP Morgan’s European headquarters in London sometime around 8 a.m. Magee was the bank’s VP in CIB Technology. His death was also quickly ruled “non-suspicious”. There was no indication Magee was going to kill himself at all. In fact, Magee’s girlfriend had received an email from him the night before saying he was finishing up work and would be home soon.
The London Coroner’s Office is set to hold a formal inquest into Magee’s death, but not until May 15th.
Jan. 29, 2014
Chief Economist at Russell Investments, 50-year-old Mike Dueker, was reported missing on Jan. 29. He was found dead off the side of a highway leading to Tacoma Narrows Bridge in Washington. A Pierce County detective said he may have jumped over a four-foot fence and fallen some 40-to-50 feet down an embankment in another apparent suicide. Although the detective maintained Dueker was having trouble at work, a Russell spokeswoman said Dueker was in good standing.
Dueker, a prior assistant VP and research economist for the St. Louis branch of the Federal Reserve Bank, had worked at Russell for five years, during which time he developed a business-cycle index that forecast economic performance.
Feb. 3, 2014
Ryan Crane, a 37-year-old JP Morgan trading exec., was found dead in his Stamford, Connecticut home. He was an executive director, a rank above vice president, in the bank’s Americas Program Trading group. Cause of death is awaiting determination via toxicology report.
Feb. 4, 2014
57-year-old Richard Talley, former investment banker at Drexel Burnham Lambert and founder of Centennial, Colorado-based American Title Services, was found dead in his garage with eight nail gun wounds to his torso and head. They were reportedly “self-inflicted”. His company was under investigation at the time of his death.
Just last month, JP Morgan Chase, America’s biggest bank, admitted wrongdoing and was fined $461 million for willfully violating the Bank Secrecy Act in relation to Bernie Madoff’s multi-billion dollar Ponzi scheme. “When JPMorgan suspected Mr. Madoff’s fraud, it focused on its own investment exposure and saved itself approximately $250 million. If it had given the same attention to its anti-money laundering responsibilities, it could have saved itself $2 billion, and potentially saved thousands of other fraud victims untold misery and loss,” stated Financial Crimes Enforcement Network Director Jennifer Shasky Calvery.
JP Morgan also owns over 60% of the total notional of all US gold derivatives ($108.2 billion).
While all these instances could be entirely unrelated in any way, others are wondering if the heat intensifying in the Libor scandal, the hint at other major interest rate scandals, and the rash of recent banker suicides is suggesting a bigger global financial implosion to come.
The world’s economy is reacting to incentives we can’t see... It’s as if we’re watching water flow up rather than down... I’d like to know if the suicides were among people who tended to be more ethical than those around them...
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