Banksters Suicided?

Reading time: 1,041 words, 3 pages, 2.5 to 4 minutes.

There has been a rash of suspicious suicides amongst financiers lately. You know the financial world is teetering on the edge when the banksters are thrown under the bus or, in some cases, off the roof of a skyscraper.

Gabriel Magee, 39, a JP Morgan VP of corporate and investment bank technology (IT) supposedly took a dive off JP Morgan’s 33 story Canary Wharf skyscraper January 27. According to the Daily Mail “No arrests have been made and the incident is being treated as non-suspicious at this early stage.”

I find it strange that no one asked how he managed to get onto the roof of one of the most highly secure skyscrapers in London where access would have been locked and alarmed.

One might also wonder what connection IT has with banksters’ dirty tricks. Keep in mind these people have access to databases, exchange servers, emails, bank transactions, etc. This is “data ground zero”. They are the eyes and ears of an organization. Also, IT is involved in ‘algos’ (front-line, high performance, trading proprietary algorithms). Don’t forget, the whistle-blower, Edward Snowden was an IT guy.

The same week, former Deutsche Bank executive Bill Broeksmit, 58, was found hanged at his home in London. The Daily Mail reported that he was, “a former senior manager with close ties to co-chief executive Anshu Jain. Metropolitan Police officers said his death was non-suspicious.” They also reported, “He was involved in the process of rescuing the bank in the wake of the 2008 financial crisis, when many investment banks found their debts were ‘toxic’, and unlikely ever to be repaid.

“Mr Broeksmit, a renowned risk expert, assisted the bank’s efforts to shift the worst of the debt, and reduce its total amount of lending.”

In still another case, Mike Dueker, 50, the chief economist at Russell Investments, reported missing January 29, was found dead at the side of a highway leading to the Tacoma Narrows Bridge in Washington state.

Prison Planet asks, “Why are banking executives killing themselves?” They report, “Dueker fell down a 50 foot embankment in what police are describing as a suicide,” promting one sarcastic comment from 4390889 limit_less, “You see it all the time, people rolling themselves down a hill to commit suicide.”

One might wonder if these three men had something in common? The answer is scary: they were all responsible for risk management. In other words, all three were in a position to know if something terrible was going to happen to the markets and then their companies. This becomes evident when Wall Street on Parade reports that, “Missing from the reports is the salient fact that all three of the financial firms the executives worked for are under investigation for potentially serious financial fraud.”

Considering that almost EVERY bankster is complicit in this modern Ponzi Scheme, these suicides may not be the last. On the other hand, as one disgruntled reader commented, “It’s a start.”

Preceding these three ‘suicides’ is David Bird, the oil markets reporter at the Wall Street Journal who vanished without a trace on the afternoon of January 11. According to Wall Street on Parade “his work involves a commodities market – oil – which is under investigation by the U.S. Senate’s Permanent Subcommittee on Investigations for possible manipulation.

“An intentional disappearance is incompatible with the fact that he left the house wearing a bright red jacket and without his life-sustaining medicine he was required to take daily as a result of a liver transplant.”

Adding to this list of “non-suspicious” so-called suicides, Business Insider reported, “a U.K.-based communications director at Swiss Re AG died. The cause of death has not been made public.”

One Business Insider comment from nastysideeffect on Jan 28: “What do they know that the rest of don’t? Karl Slym managing director of India’s Tata Motors just took a swan dive the other day in Bangkok.

“What all these folks have in common is that they were in the know about what is really happens behind the curtain and I guess it kind of pushed them over the edge so to speak.”

According to a BBC report, BBC report, on Slym’s death, “The circumstances of his death were not immediately apparent, although several media reports said he may have had a fall at a hotel in the Thai capital.”

This from another commenter, DCGirl567, “There is no doubt they … must have known what is coming. The world’s economy is nothing more than a gigantic ponzi scheme that will come crashing down soon.”

Polos of Melbourne commented, “When bankers fall, the markets do shortly afterwards. Get your money out while you can and buy gold and silver. This is going to be a bad, bad ride. These guys will have had some conscience about what they were doing for this unconscionable bank.”

Perhaps, they couldn’t stand the shame of what they helped their employers do to the world. Or perhaps, once an insidious plan is well underway, the minions who know too much need to be eliminated like Michael Hastings’ so-called ‘accident’. Who knows at this point?

However, if there was a winner (or perhaps more accurately, loser) of this weird suicide spree, it would be Richard Talley, 57, founder of American Title Services in Centennial, Colorado, who according to the Daily Mail “commits suicide by shooting himself with a nail gun while his company is under investigation … [he] was found dead in his home on Tuesday with up to eight wounds to the torso and head.” Don’t be surprised if this one is also declared ‘non-suspicious’, but I certainly am curious how he pulled it off.

Of course, as word of these suspicious suicides spread, the Powers-That-Be my need to find alternative ways to clean house.

By the way, one of the world’s largest money managers, Mohamed El Erian, recently announced he was quitting the giant asset manager PIMCO – Pacific Investment Management Co. In any case, I smell a rat and some of them are jumping ship.

The notorious Dr. Josef Mengele once said, “The more we do to you, the less you seem to believe we are doing it.”

Stay tuned. 2014 is shaping up to be a most interesting year much like the ancient Chinese curse, “may you live in interesting times.”

February 9, 2014

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About gerold

I have a bit of financial experience having invested in stocks in the 1960s & 70s, commodities in the 80s & commercial real estate in the 90s (I sold in 2005.) I'm back in stocks. I am appalled at our rapidly deteriorating global condition so I've written articles for family, friends & colleagues since 2007; warning them and doing my best to explain what's happening, what we can expect in the future and what you can do to prepare and mitigate the worst of the economic, social, political and nuclear fallout. As a public service in 2010 I decided to create a blog accessible to a larger number of people because I believe that knowledge not shared is wasted.
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2 Responses to Banksters Suicided?

  1. Fred says:

    A report today in an online UK publication stated that over 6000 Banksters in the UK have been fired for devious practices since the crash in 08.

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