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Skip to comments.Another JPMorgan Banker Dies, 37 Year Old Executive Director Of Program Trading
Posted on 02/14/2014 5:32:47 AM PST by mgist
Ordinarily we would ignore the news of another banker's death - after all these sad events happen all the time - if it wasn't for several contextual aspects of this most recent passage. First, the death in question, as reported by the Stamford Daily Voice is that of Ryan Henry Crane, a Harvard graduate, who is survived by his wife, son and parents at the very young age of 37. Second, Ryan Henry Crane was formerly employed by JPMorgan - a bank which was featured prominently in the news as recently as two weeks ago when another of its London-based employees committed suicide by jumping from the top floor of its Canary Wharf building. Third: Crane was an Executive Director in JPM's Global Program Trading desk, founded in 1999 by an ex-DE Shaw'er, a function of the firm which is instrumental to preserving JPM's impeccable and (so far in 2013) flawless trading record of zero trading losses.
There was little detail surrounding the death:
“Once is happenstance.
Twice is coincidence.
Three times, it’s enemy action.”
“Just a coincidence.... nothing wrong.... Only 5? It takes ten to be a pattern... What does it matter?”
Quoting Hillary after Vince Foster, Web Hubbel, .........!!!
By my count, this is Number 7.
Something stinks here ... this cannot be coincidence.
The thing that really ISN'T a coincidence is JP Morgan's track record of "zero losses." No way that's true. I wonder what someone stumbled onto (before they died) about JP Morgan's high frequency trade desk...
There’s NO WAY JP Morgan Chase has ZERO Losses in their Global Equities area. NO WAY. Unless someone’s VERY TIED INTO the trading systems used and knows/knew how to manipulate them, there’s just NO WAY.
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