AuthorTopic: WIPING OUT THE WHISTLEBLOWERS  (Read 16301 times)

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WIPING OUT THE WHISTLEBLOWERS
« on: January 30, 2014, 05:21:08 PM »

Off the keyboard of Michael Snyder


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Published on Economic Collapse on January 28, 2014


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Bankers committing suicide by jumping from the rooftops of their own banks is something that we think of when we think of the Great Depression.  Well, it just happened in London, England.  A vice president at JPMorgan’s European headquarters in London plunged to his death after jumping from the top of the 33rd floor.  He fell more than 500 feet, and it is being reported by an eyewitness that “there was quite a lot of blood“.  This comes on the heels of news that a former Deutsche Bank executive was found hanged in his home in London on Sunday.  So why is this happening?  Yes, the markets have gone down a little bit recently but they certainly have not crashed yet.  Could there be more to these deaths than meets the eye?  You never know.  And as I will discuss below, there have been a lot of other really strange things happening around the world lately as well.


But before we get to any of that, let’s take a closer look at some of these banker deaths.  The JPMorgan executive that jumped to his death on Tuesday was named Gabriel Magee.  He was 39 years old, and his suicide has the city of London in shock


A bank executive who died after jumping 500ft from the top of JP Morgan’s European headquarters in London this morning has been named as Gabriel Magee.


The American senior manager, 39, fell from the 33-story skyscraper and was found on the ninth floor roof, which surrounds the Canary Wharf skyscraper.


He was a vice president in the corporate and investment bank technology department having joined in 2004, moving to Britain from the United States in 2007.


What would cause a man in his prime working years who is making huge amounts of money to do something like that?


The death on Sunday of former Deutsche Bank executive Bill Broeksmit is also a mystery.  According to the Daily Mail, police consider his death to be “non-suspicious”, which means that they believe that it was a suicide and not a murder…


A former Deutsche Bank executive has been found dead at a house in London, it emerged today.


The body of William ‘Bill’ Broeksmit, 58, was discovered at his home in South Kensington on Sunday shortly after midday by police, who had been called to reports of a man found hanging at a house.


Mr Broeksmit – who retired last February – was a former senior manager with close ties to co-chief executive Anshu Jain. Metropolitan Police officers said his death was declared as non-suspicious.


On top of that, Business Insider is reporting that a communications director at another bank in London was found dead last week…


Last week, a U.K.-based communications director at Swiss Re AG died last week. The cause of death has not been made public.


Perhaps it is just a coincidence that these deaths have all come so close to one another.  After all, people die all the time.


And London is rather dreary this time of the year.  It is easy for people to get depressed if they are not accustomed to endless gloomy weather.


If the stock market was already crashing, it would be easy to blame the suicides on that.  The world certainly remembers what happened during the crash of 1929


Historically, bankers have been stereotyped as the most likely to commit suicide. This has a lot to do with the famous 1929 stock market crash, which resulted in 1,616 banks failing and more than 20,000 businesses going bankrupt. The number of bankers committing suicide directly after the crash is thought to have been only around 20, with another 100 people connected to the financial industry dying at their own hand within the year.


But the market isn’t crashing just yet.  We definitely appear to be at a “turning point“, but things are still at least somewhat stable.


So why are bankers killing themselves?


That is a good question.


As I mentioned above, there have also been quite a few other strange things that have happened lately that seem to be “out of place”.


For example, Matt Drudge of the Drudge Report posted the following cryptic message on Twitter the other day…


“Have an exit plan…”


What in the world does he mean by that?


Maybe that is just a case of Drudge being Drudge.


Then again, maybe not.


And on Tuesday we learned that a prominent Russian Bank has banned all cash withdrawals until next week…


Bloomberg reports that ‘My Bank’ – one of Russia’s top 200 lenders by assets – has introduced a complete ban on cash withdrawals until next week. While the Ruble has been losing ground rapidly recently, we suspect few have been expecting bank runs in Russia.


Yes, we have heard some reports of people having difficulty getting money out of their banks around the world lately, but this news out of Russia really surprised me.


Yet another story that seemed rather odd was a report in the Wall Street Journal earlier this week that stated that Germany’s central bank is advocating “a one-time wealth tax” for European nations that need a bailout…


Germany’s central bank Monday proposed a one-time wealth tax as an option for euro-zone countries facing bankruptcy, reviving a idea that has circled for years in Europe but has so far gained little traction.


Why would they be suggesting such a thing if “economic recovery” was just around the corner?


According to that same article, the IMF has recommended a similar thing…


The International Monetary Fund in October also floated the idea of a one-time “capital levy,” amid a sharp deterioration of public finances in many countries. A 10% tax would bring the debt levels of a sample of 15 euro-zone member countries back to pre-crisis levels of 2007, the IMF said.


So what does all of this mean?


I am not exactly sure, but I have got a bad feeling about this – especially considering the financial chaos that we are witnessing in emerging markets all over the globe right now.


So what do you think?  Please feel free to share your thoughts by posting a comment below…


JPMorgan Tower In London - Photo by Danesman1



 



Offline RE

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Hallelujah, it's Raining Pigmen
« Reply #1 on: January 30, 2014, 05:26:22 PM »
<a href="http://www.youtube.com/v/l5aZJBLAu1E?feature=player_detailpage" target="_blank" class="new_win">http://www.youtube.com/v/l5aZJBLAu1E?feature=player_detailpage</a>
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Offline DoomerSupport

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #2 on: January 30, 2014, 05:31:02 PM »
Because they have to start somewhere?


Offline Eddie

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #3 on: January 30, 2014, 05:55:36 PM »
South Kensington is never dreary.

Nevertheless, I'm going to close my last account with one of the big banks tomorrow and go 100% credit union. I was gonna do it anyway.
What makes the desert beautiful is that somewhere it hides a well.

Offline Ka

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #4 on: January 30, 2014, 07:05:44 PM »
Golem XIV has done some speculative connecting of dots on these deaths and a couple of others. He points out that Magee and Broeksmit were responsible for JP Morgan's and DeutscheBank's derivatives portfolio, which rank (respectively) second and first in the world.

Offline RE

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #5 on: January 30, 2014, 09:49:58 PM »
Because they have to start somewhere?

Kudos Haniel, you made Chef today!



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Offline RE

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #6 on: January 31, 2014, 01:05:08 AM »
Golem XIV has done some speculative connecting of dots on these deaths and a couple of others. He points out that Magee and Broeksmit were responsible for JP Morgan's and DeutscheBank's derivatives portfolio, which rank (respectively) second and first in the world.

That is a fascinating article.

Personally, I don't think these guys did an Independent Suicide, I think it was Assisted Suicide.  Like they got An Offer they could NOT REFUSE.  Like "Either Jump or we will kidnap you Granddaughter and sell her into Sex Slavery in Kabul".

Interesting one of the Suicides was ALREADY Retired.  You can't get out by retiring.  You still KNOW TOO MUCH.

The Derivatives market is a sewer, especially WRT Interest Rate Swaps on FOREX.  Large swings in this market can cause losses in Billions and even Trillions virtually overnight.  What do we have going on right now?  Large swings in the FOREX market!  Coinkidink here?  Why do I have a problem with that concept?

There is NO ESCAPE for these folks, no matter how much money they have in their own Swiss Bank Accounts.  La Cosa Nostra will find them no matter where they go.  They can't get New Identities to disappear.  They KNOW TOO MUCH.  They have to be CLEANED.

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Offline Surly1

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #7 on: January 31, 2014, 03:04:29 AM »
Golem XIV has done some speculative connecting of dots on these deaths and a couple of others. He points out that Magee and Broeksmit were responsible for JP Morgan's and DeutscheBank's derivatives portfolio, which rank (respectively) second and first in the world.

That is a fascinating article.

Personally, I don't think these guys did an Independent Suicide, I think it was Assisted Suicide.  Like they got An Offer they could NOT REFUSE.  Like "Either Jump or we will kidnap you Granddaughter and sell her into Sex Slavery in Kabul".

Interesting one of the Suicides was ALREADY Retired.  You can't get out by retiring.  You still KNOW TOO MUCH.

The Derivatives market is a sewer, especially WRT Interest Rate Swaps on FOREX.  Large swings in this market can cause losses in Billions and even Trillions virtually overnight.  What do we have going on right now?  Large swings in the FOREX market!  Coinkidink here?  Why do I have a problem with that concept?

There is NO ESCAPE for these folks, no matter how much money they have in their own Swiss Bank Accounts.  La Cosa Nostra will find them no matter where they go.  They can't get New Identities to disappear.  They KNOW TOO MUCH.  They have to be CLEANED.

RE

Wow. I just read it.

Sure, it's speculative-- but excellent speculation. Goes right to motive...

The Men Who Knew Too Much.
"It is difficult to write a paradiso when all the superficial indications are that you ought to write an apocalypse." -Ezra Pound

Offline Petty Tyrant

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #8 on: January 31, 2014, 04:01:14 AM »
If youre a bankster experiencing thoughts of self-harm, help is at hand. Call 000 or 911 JUMP...
The Movement - Jump Mother F@#$R
« Last Edit: January 31, 2014, 04:14:15 AM by Uncle Bob »
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Offline RE

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #9 on: January 31, 2014, 04:08:00 AM »
If youre a bankster experiencing thoughts of self-harm, help is at hand. Call 000 or 911http://www.youtube.com/watch?v=nrm2gMvigCQ

UB throws his hat in the ring as the Jack Kevorkian of Bankster Suicide.  :icon_mrgreen:

Call 1-800-Off-Myself today!

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Offline g

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #10 on: January 31, 2014, 05:31:39 AM »
The laughter and demonic pleasure at these poor bastards killing themselves is becoming gross and inhumane.

Does anyone here really think these poor bastards are bankster's? Everyone in a bank except perhaps the janitor has VP before his name.  They are nothing but hapless employees who cannot stand the pressure of their prick bankster boss setting them up for the fall, probably because of trading losses, or hidden activity that they were party too. They have families and friends who are mourning. Show some respect, these are humans in a state of despondency, fear and despair that is very sad.

When the story hits of Jamie or Lloyd taking the big dive, "Don't Hold Your Breath", we can all throw a bash, but until then let 's treat these poor souls with some compassion and dignity. Surly gave us a most vivid disheartening view of the joy of being an employee in the corporate world of today a few postings back. Chances are these poor souls just couldn't take it anymore.

Offline Eddie

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #11 on: January 31, 2014, 06:01:29 AM »
Suicide, it is said, is a permanent solution to a temporary problem. I feel sorry on a personal level for anyone that depressed. But it is rather suspicious that the recent banker suicides are people so involved in the derivatives game. I do expect it's because they had some shred of conscience and were being driven by their masters to commit outright fraud, as opposed to stealing people's money in the usual fashion.

I read something interesting today. I wanted to really understand whether credit unions are safer than banks. Credit unions can't buy credit default swaps, so they aren't in that swamp, BUT...they also aren't allowed to buy interest rate swaps. I'm not a finance guy, but apparently this makes them actually MORE exposed to losses on any fixed rate mortgages that they are holding. Our current situation...rising rates are likely. You want to avoid credit unions with large morgtage holdings, maybe.
What makes the desert beautiful is that somewhere it hides a well.

Offline g

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #12 on: January 31, 2014, 06:12:29 AM »
Quote
I read something interesting today. I wanted to really understand whether credit unions are safer than banks. Credit unions can't buy credit default swaps, so they aren't in that swamp, BUT...they also aren't allowed to buy interest rate swaps. I'm not a finance guy, but apparently this makes them actually MORE exposed to losses on any fixed rate mortgages that they are holding. Our current situation...rising rates are likely. You want to avoid credit unions with large morgtage holdings, maybe.

Hi Doc, My feeling is the system is so interconnected that there is no place to hide, apples and oranges.

Personally I prefer local community oriented savings banks, with back up State as well as Federal insurance. Hoping if things get really bad there might be a brief window of time before a big time financial event filters down to them, but of course that is just a hope and wish, eventually the whole system shuts down.  :-\

Offline jdwheeler42

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #13 on: January 31, 2014, 06:26:14 AM »
I read something interesting today. I wanted to really understand whether credit unions are safer than banks.
Simple.... they are member-owned.  They are basically not-for-profit cooperatives.  They have basically no incentive to engage in risky behavior to maximize profits.  I actually got a dividend of $10 this past year from my credit union.
Making pigs fly is easy... that is, of course, after you have built the catapult....

Offline Eddie

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Re: Why Are Banking Executives In London Killing Themselves?
« Reply #14 on: January 31, 2014, 06:52:16 AM »
Simple.... they are member-owned.  They are basically not-for-profit cooperatives.  They have basically no incentive to engage in risky behavior to maximize profits.]

Well, down here certain credit unions have gotten very ,very big. They are acting a lot like banks.The military ones and the one that Ma Bell employees started have gotten huge. Now anyone can join. One lends for autos at 1.65%. They are actively promoting their mortgage business, which apparently at least COULD be an Achilles heel.

http://www.creditunionmagazine.com/articles/38567-ncuas-derivatives-proposal
« Last Edit: January 31, 2014, 07:32:45 AM by Eddie »
What makes the desert beautiful is that somewhere it hides a well.

 

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