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William 'Bill' Broeksmit had retired and was no longer involved in banking, whilst Gabriel Magee worked in the IT Department of J.P Morgan and was not involved in trading.
Its not a coincidence !! some people are involved in this conspiracy
You are entitled to your opinion, but I don't see any conspiracy here, if you go to London some 300,000 people work in Financial Services in the City of London (the square mile) with a further 100,000 working in Financial Services in Canary Wharf, with over 2 million people in the UK alone working in the financial services industry. There are a lot of people involved in a lot of managerial jobs in banks and other financial institutions across the globe.
You are entitled to your opinion, but I don't see any conspiracy here, if you go to London some 300,000 people work in Financial Services in the City of London (the square mile) with a further 100,000 working in Financial Services in Canary Wharf, with over 2 million people in the UK alone working in the financial services industry. There are a lot of people involved in a lot of managerial jobs in banks and other financial institutions across the globe.
Well, there have been more(11+ so far this year in a supposedly raging bull market) and there have been more connections made especially with JP Morgan.
Kenneth Bellando, a 28 year old from JP Morgan jumped 6 stories (only 6 stories to try kill yourself???).
"The young Bellando, who had previously worked for JPMorgan Chase himself, was the brother of John Bellando, who was named in the Senate Permanent Subcommittee on Investigations’ report on how JPMorgan had hid losses and lied to regulators in the London Whale derivatives trading debacle that resulted in losses of at least $6.2 billion. "
To act like this rash of "suicides" would be the same as Wal Mart employees and even Dentists offing themselves is terribly short-sighted and misleading. I guess you'd just have to be more in tune with what's really going on in the World and our economy to understand.
Well, there have been more(11+ so far this year in a supposedly raging bull market) and there have been more connections made especially with JP Morgan.
Kenneth Bellando, a 28 year old from JP Morgan jumped 6 stories (only 6 stories to try kill yourself???).
"The young Bellando, who had previously worked for JPMorgan Chase himself, was the brother of John Bellando, who was named in the Senate Permanent Subcommittee on Investigations’ report on how JPMorgan had hid losses and lied to regulators in the London Whale derivatives trading debacle that resulted in losses of at least $6.2 billion. "
To act like this rash of "suicides" would be the same as Wal Mart employees and even Dentists offing themselves is terribly short-sighted and misleading. I guess you'd just have to me more in tune with what's really going on in the World and our economy to understand.
Dentists actually have a very high suicide rate, among the highest of any profession, as for Walmart, which is known as Asda in the UK, it has a high turnover of staff, although I am sure a large organisation like Walmart does have suicides among it's staff and mangers, and that suicide rates may have been effected by the current downturn in high street trade following the 2007/8 Financial Crash.
Dentists actually have a very high suicide rate, among the highest of any profession, as for Walmart, which is known as Asda in the UK, it has a high turnover of staff, although I am sure a large organisation like Walmart does have suicides among it's staff and mangers, and that suicide rates may have been effected by the current downturn in high street trade following the 2007/8 Financial Crash.
It is very different. Dentists don't control anything beyond their domain and are not connected to one another on the same level-of course neither are Wal-Mart employees.
JP Morgan (among others like Rockefeller, Rothschild and Warburg) created our financial system in 1910 with The Federal Reserve (which was finally pushed through our Government through Puppet Aldrich in 1913) and with all of the scandals/controversy recently (Libor, Housing crisis, foreign exchange rates, quantitive easing) and the fact that it appears to be crashing down is why there is skepticism to what is really going on.
I guess you haven't notice, but the Banks that created our financial system and almost 100 years later were deemed "Too Big To Fail" by their Puppets have no shred of credibility or trust left from the public-and for extremely good reason.
This is why you see the questioning and investigating on these "suicides".
It is very different. Dentists don't control anything beyond their domain and are not connected to one another on the same level-of course neither are Wal-Mart employees.
JP Morgan (among others like Rockefeller, Rothschild and Warburg) created our financial system in 1910 with The Federal Reserve (which was finally pushed through our Government through Puppet Aldrich in 1913) and with all of the scandals/controversy recently (Libor, Housing crisis, foreign exchange rates, quantitive easing) and the fact that it appears to be crashing down is why there is skepticism to what is really going on.
I guess you haven't notice, but the Banks that created our financial system and almost 100 years later were deemed "Too Big To Fail" by their Puppets have no shred of credibility or trust left from the public-and for extremely good reason.
This is why you see the questioning and investigating on these "suicides".
Right, so this is all a big secret conspiracy with people throwing themselves off buildings less they be found out and spend a couple of years in a low security jail come holiday camp.
Seem to remember the likes of the Guinness Insider Trading scandal when the so-called "Guinness four" of Ivan Boesky. Ernest Saunders, Gerald Ronson, Jack Lyons and Anthony Parnes were all jailed. Seem to remember they went to some quite nice prisons, think one of the prisons had a nine hole golf course, Ernest was released early after claiming he had Alzheimer's disease, although he made a full recovery on release, which is quite remarkable. As for Gerald he's just built a massive skyscraper in the centre of London called Heron Tower.
If you have any evidence of anything untoward then I suggest you contact the relevant authorities, although I am fairly sure Scotland Yard and the US Authorities have already investigated the deaths and that they will be subject to a Coroners Court.
Dentists actually have a very high suicide rate, among the highest of any profession, as for Walmart, which is known as Asda in the UK, it has a high turnover of staff, although I am sure a large organisation like Walmart does have suicides among it's staff and mangers, and that suicide rates may have been effected by the current downturn in high street trade following the 2007/8 Financial Crash.
Suicide rate for death by falls is low, even in NY, which is higher than most. I would not assume suicides just because an article states this. Investigations of some of these are not over yet. Even if they are suicides, as I said before, it does not bode well.
It is very different. Dentists don't control anything beyond their domain and are not connected to one another on the same level-of course neither are Wal-Mart employees.
JP Morgan (among others like Rockefeller, Rothschild and Warburg) created our financial system in 1910 with The Federal Reserve (which was finally pushed through our Government through Puppet Aldrich in 1913) and with all of the scandals/controversy recently (Libor, Housing crisis, foreign exchange rates, quantitive easing) and the fact that it appears to be crashing down is why there is skepticism to what is really going on.
I guess you haven't notice, but the Banks that created our financial system and almost 100 years later were deemed "Too Big To Fail" by their Puppets have no shred of credibility or trust left from the public-and for extremely good reason.
This is why you see the questioning and investigating on these "suicides".
There is a great deal going on in the world at this time. Very big stuff indeed. Keep in mind it is really only some in congress that are holding the IMF global governance reforms up, since 2010. They have been dragging their feet. Christine Lagarde made some pretty strong statements recently. Even Basel III has been extended out. With China now popping serious pressure is on, as well.
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Originally Posted by CDusr
There are some common themes recurring, as I mentioned. The IMF governance reforms should not be left out either. Nor all the "scandals".(LIBOR,ISDA,Forex). QE unwinding, Emerging market "panic". More is bound to continue to surface, however.
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Notice the progression of truths. Within one week, JPM admitted the loss was $3 billion, but difficult to calculate. One week later, CEO Dimon admitted Interest Rate Swaps involved in Delta-hedging to defend with the Interest Rate Swap, as the estimated loss reached $5 billion. A few days later, Zero Hedge dissected the post-LTRO2 loss, as they called it, with an updated estimate of $8 billion and some dire warnings of still naked unhedged huge positions. Let me share my own overall impression of the IRSwap and its handiwork.
.....
It will all come out gradually, especially since the trigger has been hit. The internal breakdown of the USTBond reserve banking system from has been hit with a shock, and the internal breakdown of the USDollar toll taker system from has been hit with mounting defection and avoidance. The alternative trade settlement systems are coming online, with bilateral swap facilities, settlement in gold, and eventually a rival method to the SWIFT bank settlement. Nations are actively seeking out the alternatives.
"Think of Shadow Banking as your own in house synthetic structured product, allowing virtually unlimited leverage. "-ZH
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What repo does is it allows banks to exchange their holdings of Security X (in this case trasury) in exchange for nearly par cash courtesy of some custodian bank - and when it comes to the US non tri-party repo market there are only two: State Street and Bank of New York. The biggest benefit of Repo financing is that the bank can still hold the original pledged security on its books for Fed "supervision" purposes, even as it obtains fungible cash equivalents via repo, cash which it can then use for whatever downstream purposes it desires such as purchasing stocks
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So what is a bank to do? Well the answer is as simple as it is worrying – just sell the risk. Get rid of it. You don’t have to sell any actual assets. You don’t have to raise capital. You don’t even have to argue with regulators about risk levels. You just sell the stuff to someone. Like having barrels of waste that are leaking and costing you a fortune. You just get a bloke to take it off your hands. And this option, which so far has been small, is now a growth industry. It is called Regulatory Capital Relief trading.
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The answer is to somehow separate the risk from the return, sell one, keep the other. A bit like selling the shadow but keeping the object. You would think they were inseparable. But not in banker world. What banks have done is go back to where modern banking was born – securitization. If you want to refresh your understanding of securitization I wrote a series all about it called Securitization – The Undead Heart of the Shadow Banking System parts 1, 2, and 3.
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Since the bank crisis began the ETF (Exchange Traded Fund) revolution has taken off. I wrote about and explained ETFs in ETFs The next Accident waiting to happen? Part One and Two .
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Believe it or not the picture I have painted here is hugely simplified. And that itself is part of the problem. Just as with Securitization and its CDS insurance, back the first time round, the labyrinthine complications of Regulatory Capital Relief are already growing. People are insuring stuff they do not understand and will not be able to cover in the event of another serious crisis.
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The risk has not gone. It is simply being moved from the banks where it is regulated to other places where it is not. Once again the regulators are behind.
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The underlying concern is that we still cannot get a clear assessment of global financial risks because of what we can’t see: the interconnectedness of global banking; offshore banking; off balance sheet vehicles; and regulatory arbitrage where U.S. financial institutions move high risk operations to foreign locales with light-touch regulators.
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A brochure on the ILPs notes that the owner could potentially lose all of his principal, causing his insurance policy to lapse, and adds that JPMorgan can use a wide range of derivatives in the portfolios, including “credit default swaps” – the very instruments that caused the havoc in the London Whale debacle. (Being able to lose all of your money and have your life insurance lapse puts a whole new twist on the meaning of “insurance.”)
...
Swiss Re and Zurich Insurance Group also provide excess insurance lines to JPMorgan in its tower insurance structures to provide liability protection from securities fraud claims – a problem JPMorgan has been perennially addressing.
Suicide rate for death by falls is low, even in NY, which is higher than most. I would not assume suicides just because an article states this. Investigations of some of these are not over yet. Even if they are suicides, as I said before, it does not bode well.
Suicides by falls aren't that rare, there are numerous such suicides every year at places such as Beachy Head, the Clifton Suspension Bridge or Hornsey Lane Bridge in London and there are numerous suicides every day in cities the size of London, whether it be jumping off bridges and buildings, jumping under trains or numerous other such methods.
Hornsey Lane Bridge in London is one of many suicide hot spots in London.
The British Transport Police and London Underground have specialist units specifically to deal with so called one unders (people jumping under trains), and the Marine Police in London are forever fishing people out of the river Thames. Many of the high rise towers in London are also notorious suicide spots.
I believe the Coq d'Argent Restaurant at One Poultry near Bank Station in the City of London has become a favourite suicide spot for bankers and other city financial workers in recent years.
Suicides by falls aren't that rare, there are numerous such suicides every year at places such as Beachy Head, the Clifton Suspension Bridge or Hornsey Lane Bridge in London and there are numerous suicides every day in cities the size of London, whether it be jumping off bridges and buildings, jumping under trains or numerous other such methods.
Hornsey Lane Bridge in London is one of many suicide hot spots in London.
The British Transport Police and London Underground have specialist units specifically to deal with so called one unders (people jumping under trains), and the Marine Police in London are forever fishing people out of the river Thames. Many of the high rise towers in London are also notorious suicide spots.
I believe the Coq d'Argent Restaurant at One Poultry near Bank Station in the City of London has become a favourite suicide spot for bankers and other city financial workers in recent years.
There is of course a police investigation following such suicides and an inquiry in to any such deaths via the Coroners Court.
Suicide by fall is not common according to suicide stats I have seen, though NY is a bit higher than other places, but still not common. You seem to be basing your claim on headlines. Suicide Statistics at Suicide.org!
quote:
U.S. Suicide Methods
Number........Rt per 100,000....% of Total
Firearms..................16,869........5.9....... ..55.1
All Other Methods.........13,753........4.8.........49.9
Hanging or Suffocation.....6,198........2.2.........20.2
Poisoning..................5,191........1.8....... ..17.0
Falls........................651........0.2....... ...2.1
Cutting / Pieercing..........458........0.2..........1.5
Drowning.....................339........0.1....... ...1.1
Fire.........................147........0.1....... ...0.5
Last edited by CDusr; 03-27-2014 at 09:41 PM..
Reason: format issues
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