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Kelvin Mace

(17,469 posts)
Mon Feb 3, 2014, 12:00 AM Feb 2014

Third prominent banker found dead in six days

Third prominent banker found dead in six days
http://www.housingwire.com/articles/28796-third-prominent-banker-found-dead-in-six-days

Bloomberg is reporting this morning that former Federal Reserve economist Mike Dueker was found dead in an apparent suicide near Tacoma, Washington.

Dueker, 50, a chief economist at Russell Investments, had been missing since Jan. 29 and was reportedly having troubles at work.

Normally HousingWire wouldn’t cover deaths in the industry, but what’s strange is that Dueker is the third prominent banker found dead since Sunday.

On Sunday, William Broeksmit, 58, former senior manager for Deutsche Bank, was found hanging in his home, also an apparent suicide.

On Tuesday, Gabriel Magee, 39, vice president at JPMorgan Chase & Co’s (JPM) London headquarters, apparently jumped to his death from a building in the Canary Wharf area.

Very odd. Makes one wonder if they knew something we are about to find out.
192 replies = new reply since forum marked as read
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Third prominent banker found dead in six days (Original Post) Kelvin Mace Feb 2014 OP
hmmm..thanks for the post...bookmarking.n/t Jefferson23 Feb 2014 #1
Me Too... K & R !!! WillyT Feb 2014 #4
Reminds me of the opera scene in Godfather III. nt bananas Feb 2014 #51
Same here. calimary Feb 2014 #119
Calimary...always the optimist! loudsue Feb 2014 #136
Lloyd Blankfein Aerows Feb 2014 #182
Or if they are assisted. . pipoman Feb 2014 #2
My thoughts as well. Cleita Feb 2014 #7
You know, as assassin could force poison down your throat or blow your brains out bluestate10 Feb 2014 #170
Yeah, but there have been other incidents Aerows Feb 2014 #183
Or if they're really dead... freebrew Feb 2014 #96
+1 grahamhgreen Feb 2014 #99
Or even Saddam Hussein. I mean how would it look to future puppets if we really let him die? rwsanders Feb 2014 #110
I have wondered about that since the day it happened. calimary Feb 2014 #122
I always assumed that he is on a beach somewhere. GoneFishin Feb 2014 #124
I never thought Ken Lay really died. loudsue Feb 2014 #138
I wouldn't say he didn't die RainDog Feb 2014 #142
Agreed 90-percent Feb 2014 #179
DUer Onlooker posted about the first two suicides earlier, but Squinch Feb 2014 #3
Good on you for seeing this. dixiegrrrrl Feb 2014 #18
HSBC has quite a track recored of being a sleazy bank. HSBC should merge with BOA. n/t RKP5637 Feb 2014 #77
You might find this article and also the comments really interesting: truedelphi Feb 2014 #173
Thanks for the link ellie Feb 2014 #187
HSBC was also laundering money for the Sinoloa drug cartel RainDog Feb 2014 #30
There was also this recent news that the DEA negotiated with the Sinaloa cartel RainDog Feb 2014 #40
The "straw purchase" of firearms was covered in the "Gungeon" extensively Eleanors38 Feb 2014 #69
thanks for the info RainDog Feb 2014 #141
HSBC just tried to steal depositor's money dixiegrrrrl Feb 2014 #123
There is this story from a couple of days ago: TexasTowelie Feb 2014 #32
And remember "emerging economy problems" was the explanation for the run of really bad days BlueStreak Feb 2014 #37
That was Capital calling their money home. I see as noted above a China problem. Ikonoklast Feb 2014 #83
I posted a link... sendero Feb 2014 #89
That's what struck me when they did it. It seemed like a really desperate move. Squinch Feb 2014 #145
I don't think they really did it.. sendero Feb 2014 #147
I think they did. This article has bank spokespeople commenting about it: Squinch Feb 2014 #148
This is the link I posted.. sendero Feb 2014 #158
Hmmm...is there something coming down the pike that we don't know about? Baitball Blogger Feb 2014 #5
We've been riding the greatest pyramid scheme in history. In 2008 the can was kicked rhett o rick Feb 2014 #6
As long as it doesn't make it to the washer woman level, I guess it was just a matter Baitball Blogger Feb 2014 #8
Capitalism brings out the worse in people. Some might have consciences. nm rhett o rick Feb 2014 #9
I don't think it is the conscience. dawn frenzy adams Feb 2014 #48
It is much harder to fall off the ladder CFLDem Feb 2014 #68
Or the deathly fear... nikto Feb 2014 #73
Or learning how to be poor and surviving. notadmblnd Feb 2014 #137
It's an egregious system that feeds on itself like a cancer and if one extrapolates it out it RKP5637 Feb 2014 #76
They did in 1939, too. nt tblue37 Feb 2014 #12
Sometimes there are two-shots-to-the-head suicides. nt valerief Feb 2014 #17
When committing suicide, always shoot twice, just to make sure BlueStreak Feb 2014 #39
Also by jumping off bridges and buildings nt No Vested Interest Feb 2014 #44
The being pushed off bridges and buildings type of suicide is also a thing. Fantastic Anarchist Feb 2014 #153
with a shotgun at that n/t 2pooped2pop Feb 2014 #47
In a legitimate suicide, you need at least 2 shots, but... nikto Feb 2014 #55
you! Iris Feb 2014 #64
The deaths themselves aren't funny... nikto Feb 2014 #70
If its a legitimate suicide, the body just shuts down...... rgbecker Feb 2014 #133
The body has a way of taking care of that, right? n/t RainDog Feb 2014 #143
Those dang suicides... nikto Feb 2014 #174
"Don't know why people would off themselves over it." . dixiegrrrrl Feb 2014 #21
Yes, as I said below, the collapse was only postponed. It still has to happen sooner or later... ChisolmTrailDem Feb 2014 #20
Yep, agree. See my post #76. The system could work, but greed and shenanigans are too great. The RKP5637 Feb 2014 #80
Well, what happened was that the criminals were allowed to get away with it and so ChisolmTrailDem Feb 2014 #112
There's still a lot more money for them to steal first. Fantastic Anarchist Feb 2014 #155
See post #32 above. TexasTowelie Feb 2014 #33
More: Daily Mail, Yet... WillyT Feb 2014 #10
Thanks. nt valerief Feb 2014 #15
Or if they knew something we are not supposed to find out. nt tblue37 Feb 2014 #11
It seems a little much to all be coincidences, perhaps. n/t RKP5637 Feb 2014 #81
Very strange. JDPriestly Feb 2014 #13
Either everything happens in threes or valerief Feb 2014 #14
I read (or heard) that adieu Feb 2014 #16
I heard the crash that was avoided in 2008 with TARP (among others) is still going to happen ChisolmTrailDem Feb 2014 #19
See post #32 on European bank stress tests. TexasTowelie Feb 2014 #34
It's inevitable BobbyBoring Feb 2014 #131
I literally just walked to BofA and cashed my paycheck and then walked to ChisolmTrailDem Feb 2014 #146
Agreed. Something huge could be going on Gman Feb 2014 #22
Some would call this a good start . . . OldRedneck Feb 2014 #23
I also mindwalker_i Feb 2014 #42
might be a few others starting to get a little scared.... certainot Feb 2014 #24
People usually do this marions ghost Feb 2014 #25
The comments there are very rightwing. nt Mnemosyne Feb 2014 #26
Perhaps they decided they couldn't live with the new food stamp cuts jsr Feb 2014 #27
I don't know if that's sarcastic or not it might not be so far off the mark VanillaRhapsody Feb 2014 #38
Spam! I love spam, I survived on it in college, fried spam, beans and a salad! RKP5637 Feb 2014 #82
Wondering if/how this all 2naSalit Feb 2014 #28
What a bunch of woo.... Spitfire of ATJ Feb 2014 #29
This is starting to get suspicious Dopers_Greed Feb 2014 #31
That man knew something. blkmusclmachine Feb 2014 #35
Look at it this way, defacto7 Feb 2014 #36
perhaps... nikto Feb 2014 #74
Occams Razor...... alittlelark Feb 2014 #41
+1, n/t RKP5637 Feb 2014 #84
That's not what OR means. NuclearDem Feb 2014 #100
So, let's clarify... MrMickeysMom Feb 2014 #154
Yeah, pretty much. NuclearDem Feb 2014 #156
The Stock Market did go down a bit in the last week, no? ReRe Feb 2014 #43
2016 - changing of the guard, like in 2008. CrispyQ Feb 2014 #109
There are more than 1% MILLIONAIRES.... AlbertCat Feb 2014 #152
No we won't ReRe Feb 2014 #166
Dead bankers don't testify in exchange for immunity The Second Stone Feb 2014 #45
HBSC: The bank for terrorists and drug cartels RainDog Feb 2014 #46
I wonder if the underpinnings to the derivatives casino Warpy Feb 2014 #49
So either they were all about to lose their fortunes or... Kablooie Feb 2014 #50
What do you call a thousand investment bankers at the bottom of the ocean? Egalitarian Thug Feb 2014 #52
Whaleshit? Scootaloo Feb 2014 #54
A good start obxhead Feb 2014 #71
+1 Loaded Liberal Dem Feb 2014 #87
Would it be tacky to create a banker countdown clock? Scootaloo Feb 2014 #53
Probably..... But that shouldn't be a barrier to it. Buns_of_Fire Feb 2014 #66
AWARD WINNER nikto Feb 2014 #56
If you have a pension, it's TIME TO WORRY nikto Feb 2014 #57
I mentioned this Saturday in the HSBC thread Ichingcarpenter Feb 2014 #58
here's the text of your first link RainDog Feb 2014 #59
big deal shaayecanaan Feb 2014 #67
You need to read better ...'The story starts in London Ichingcarpenter Feb 2014 #97
From your link and the Rolling Stone article RainDog Feb 2014 #60
And My post on the deaths of banksters Ichingcarpenter Feb 2014 #61
Syncronicity is a key word here nikto Feb 2014 #72
Suicide by embankment???? dixiegrrrrl Feb 2014 #128
I thought "suicide by embankment" strange, also. KoKo Feb 2014 #185
Jump you Fuckers malaise Feb 2014 #62
! lonestarnot Feb 2014 #94
+1 L0oniX Feb 2014 #102
+1! CrispyQ Feb 2014 #113
I cannot think of any explanation that would shock me. merrily Feb 2014 #63
Elvis did the killings... nikto Feb 2014 #75
Good try, but I am not shocked. merrily Feb 2014 #120
Elvis is everywhere. SunSeeker Feb 2014 #150
tag leftyohiolib Feb 2014 #65
Our heavily manipulated faux economy may be running out of manipulations. democratisphere Feb 2014 #78
You can only blown up a balloon so much, and then it bursts! n/t RKP5637 Feb 2014 #86
K & R Petrushka Feb 2014 #79
What is the normal suicide rate for bankers? JEFF9K Feb 2014 #85
Good question Kelvin Mace Feb 2014 #88
Never high enough. nt valerief Feb 2014 #90
That was my observation, too. sofa king Feb 2014 #157
Hmmm. WovenGems Feb 2014 #91
People commit suicide for different reasons gerogie2 Feb 2014 #92
k and r--bookmarking for later reading. either they all know something really bad, or they had help niyad Feb 2014 #93
Quick somebody check if Dimon is still breathing. lonestarnot Feb 2014 #95
Really! flamingdem Feb 2014 #151
Something bad is near... santamargarita Feb 2014 #98
People would rather die than be poor? L0oniX Feb 2014 #101
Considering the folks that they help launder money for.... AnneD Feb 2014 #103
... SidDithers Feb 2014 #104
... AAO Feb 2014 #164
A little hair gel and a few wacky theories . . . Brigid Feb 2014 #168
It's a start... Tom Ripley Feb 2014 #105
There are ~ 105 suicides per day in the US... SidDithers Feb 2014 #106
some kind of shit is going to hit the fan heaven05 Feb 2014 #107
Maybe there's a vigilante serial killer at work. tclambert Feb 2014 #108
Nah, not likely. Kelvin Mace Feb 2014 #118
I am genuinely curious to know how conservatives are responding to this news. Laelth Feb 2014 #111
Vatican & Consulates told to move HSBC accounts Holly_Hobby Feb 2014 #114
I would think that a bank Kelvin Mace Feb 2014 #117
Wow! dixiegrrrrl Feb 2014 #129
That's one way to put it :) n/t Holly_Hobby Feb 2014 #132
Also, in July, a month before those 2 items, the Pope Holly_Hobby Feb 2014 #139
I disagree with the premis I'm not sure they are prominent Jesus Malverde Feb 2014 #115
Good point Kelvin Mace Feb 2014 #116
Cluster is what I'm thinking as well dorkzilla Feb 2014 #163
Agreed. Marr Feb 2014 #188
It continues. Expect more. DeSwiss Feb 2014 #121
Splendid graphic! JNelson6563 Feb 2014 #126
Another thought lark Feb 2014 #125
In financial crises, people often kill themselves when they realize they have Squinch Feb 2014 #149
Maybe some group is taking out a few of the 1%ers. polichick Feb 2014 #127
Three BANKERS and CEO of a major car company Ichingcarpenter Feb 2014 #130
Tata Motors isn't a bank...nt Jesus Malverde Feb 2014 #134
wow questionseverything Feb 2014 #140
3 bankers and a financial affairs reporter who goes missing: dixiegrrrrl Feb 2014 #171
Were they all suicided? Er, I mean suicide? notadmblnd Feb 2014 #135
The DOJ is investigating big money re violation of bribery laws involving Libya's investment fund siligut Feb 2014 #144
A Rash of Deaths and a Missing Reporter – With Ties to Wall Street Investigations mirrera Feb 2014 #159
So they did have a conscience. Curmudgeoness Feb 2014 #160
Microbiologists were dying under strange circumstances during the post-9/11 anthrax attacks... radhika Feb 2014 #161
they're already too big to fail and too big to jail, what other shoe will drop? WillYourVoteBCounted Feb 2014 #162
what a coincident stillcool Feb 2014 #165
Exactly! "Loose Ends" Phlem Feb 2014 #167
This message was self-deleted by its author bluestate10 Feb 2014 #169
Hello in there.... ReRe Feb 2014 #172
A rash of deaths & a missing report with ties to Wall Stree investigations Petrushka Feb 2014 #175
Interesting... Kelvin Mace Feb 2014 #176
More info here re: missing reporter ---> Petrushka Feb 2014 #177
Message auto-removed Name removed Feb 2014 #178
Seriously? Must everything be a conspiracy? Godhumor Feb 2014 #180
I don't know how credible this site is Aerows Feb 2014 #181
Got to keep my eye on this story!!!! mstinamotorcity2 Feb 2014 #184
K & r. n/t **** wildbilln864 Feb 2014 #186
Suspicious. Quantess Feb 2014 #189
WE've got another one! nikto Feb 2014 #190
Mysterious deaths... nikto Feb 2014 #191
Not necessarily ruling out suicide Kelvin Mace Feb 2014 #192

calimary

(81,240 posts)
119. Same here.
Mon Feb 3, 2014, 01:22 PM
Feb 2014

Wonder if this is a signpost of some sort...

Needs to be watched. Now if jamie dimon does it too...

Cleita

(75,480 posts)
7. My thoughts as well.
Mon Feb 3, 2014, 12:11 AM
Feb 2014

Their means of suicide have also been popular methods of assassins that could be interpreted as suicide. I always thought if I wanted to kill myself because my deeds were catching up with me, I would drink poison or blow my brains out and write a suicide letter explaining it all that I put in the mail first to arrive somewhere that can't be compromised.

bluestate10

(10,942 posts)
170. You know, as assassin could force poison down your throat or blow your brains out
Tue Feb 4, 2014, 12:13 AM
Feb 2014

and make it look like you killed yourself. Just a reminder.

Depression is a tough nut that strikes everyone, even the fabulously rich. If it hits one at wrong time, a suicide or mass killing/suicide can be the result. There are times when all of us have "blue" days, for some people those blue days lead to their deaths.

 

Aerows

(39,961 posts)
183. Yeah, but there have been other incidents
Thu Feb 6, 2014, 12:38 PM
Feb 2014

that have been officially called "suicide" that make no sense. Two bullets to the back of the head. "Oh, that's obviously suicide!"

freebrew

(1,917 posts)
96. Or if they're really dead...
Mon Feb 3, 2014, 11:33 AM
Feb 2014

I've always wondered about Ken Lay and others like him.
Very convenient death and now he's off the hook for $$$$$$$$.

calimary

(81,240 posts)
122. I have wondered about that since the day it happened.
Mon Feb 3, 2014, 01:28 PM
Feb 2014

His "departure" was just AWFULLY convenient. Came at an INCREDIBLY convenient time when he about to start facing all sorts of serious legal and criminal shit. Seemed VERY fishy to me... how timely his "death" came. Hmmmmm... one helluva way to beat the rap, 'eh?

loudsue

(14,087 posts)
138. I never thought Ken Lay really died.
Mon Feb 3, 2014, 03:13 PM
Feb 2014

You know that was too convenient, for him AND for his old friends, the bush mafia.

RainDog

(28,784 posts)
142. I wouldn't say he didn't die
Mon Feb 3, 2014, 03:54 PM
Feb 2014

but I wouldn't be surprised if he were living in some out-of-the-way place...

because, yeah, I'm that cynical.

90-percent

(6,829 posts)
179. Agreed
Thu Feb 6, 2014, 11:28 AM
Feb 2014

It's very easy to picture Kenny Boy lounging on a tropical beach with an umbrella drink in his hand enjoying the good life he gave himself by wrecking the lives of so many others.

-90% Jimmy

Squinch

(50,949 posts)
3. DUer Onlooker posted about the first two suicides earlier, but
Mon Feb 3, 2014, 12:05 AM
Feb 2014

the thread was locked because they were not breaking news. But as I said to Onlooker, here's what I've noticed:

HSBC recently limited the size of withdrawals that can be made from its accounts. They say it is because they want to "protect" the account holders. It seems a clear sign of liquidity problems, and HSBC was one of the first dominoes in the 2008 crisis.

At the same time, the Chinese central bank is telling its lenders to improve their liquidity, because of the recent reliance an unhealthy, huge amounts of debt to fuel growth. This is just another way of saying "bubble."

Yep. Something is coming. And it ain't going to be good.

All these things taken together are significant.

My guess: very bad Chinese financial instruments, of a quality like the worthless US housing bubble derivatives, have circulated and multiplied in the world market, and that bubble is about to burst. And if it is what is fueling Chinese growth, it is going to be big.

dixiegrrrrl

(60,010 posts)
18. Good on you for seeing this.
Mon Feb 3, 2014, 12:40 AM
Feb 2014

I have posted about HSBC and the next day about China banks, but folks seem to laugh it off.

You know all those toxic bonds were being sold someplace. China also seems to have a lot of phony paper out also.

I am waiting for another bank to declare a limit on withdrawals..it is sorta a version of a "bail-in".
My guess would be BOA.

ellie

(6,929 posts)
187. Thanks for the link
Thu Feb 6, 2014, 01:57 PM
Feb 2014

I wonder if that is the same Tyler Durden who used to post here at DU, but then it is a great name and I don't blame anyone for using it.

RainDog

(28,784 posts)
30. HSBC was also laundering money for the Sinoloa drug cartel
Mon Feb 3, 2014, 01:23 AM
Feb 2014
http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

HSBC was accused of failing to monitor more than $670 billion in wire transfers and more than $9.4 billion in purchases of U.S. currency from HSBC Mexico, allowing for money laundering, prosecutors said. The bank also violated U.S. economic sanctions against Iran, Libya, Sudan, Burma and Cuba, according to a criminal information filed in the case.

The bank, Europe’s largest, agreed to pay a $1.25 billion forfeiture and $665 million in civil penalties under the settlement, prosecutors announced in December. At a hearing the same month, Gleeson told prosecutors there had been “publicized criticism” of the agreement, which lets the bank and management avoid further criminal proceedings over the charges.

Gleeson said he will continue supervising implementation of the deal, under which the bank agreed not to contest criminal charges of failing to maintain an effective anti-money-laundering program, failing to conduct due diligence, and violating the Trading With the Enemy Act and the International Emergency Economic Powers Act.

Lack of proper controls allowed the Sinaloa drug cartel in Mexico and the Norte del Valle cartel in Colombia to move more than $881 million through HSBC’s U.S. unit from 2006 to 2010, the government alleged in the case. The bank also cut resources for its anti-money-laundering programs to “cut costs and increase profits,” the government said in court filings.

http://www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214

Gangster Bankers: Too Big to Jail: How HSBC hooked up with drug traffickers and terrorists. And got away with it

The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever. Yes, they issued a fine – $1.9 billion, or about five weeks' profit – but they didn't extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses.

People may have outrage fatigue about Wall Street, and more stories about billionaire greedheads getting away with more stealing often cease to amaze. But the HSBC case went miles beyond the usual paper-pushing, keypad-punching­ sort-of crime, committed by geeks in ties, normally associated­ with Wall Street. In this case, the bank literally got away with murder – well, aiding and abetting it, anyway.

For at least half a decade, the storied British colonial banking power helped to wash hundreds of millions of dollars for drug mobs, including Mexico's Sinaloa drug cartel, suspected in tens of thousands of murders just in the past 10 years – people so totally evil, jokes former New York Attorney General Eliot Spitzer, that "they make the guys on Wall Street look good." The bank also moved money for organizations linked to Al Qaeda and Hezbollah, and for Russian gangsters; helped countries like Iran, the Sudan and North Korea evade sanctions; and, in between helping murderers and terrorists and rogue states, aided countless common tax cheats in hiding their cash.

"They violated every goddamn law in the book," says Jack Blum, an attorney and former Senate investigator who headed a major bribery investigation against Lockheed in the 1970s that led to the passage of the Foreign Corrupt Practices Act. "They took every imaginable form of illegal and illicit business."

(great read)

RainDog

(28,784 posts)
40. There was also this recent news that the DEA negotiated with the Sinaloa cartel
Mon Feb 3, 2014, 01:49 AM
Feb 2014

DEA Negotiated With Mexican Drug Cartel

http://www.huffingtonpost.com/2014/01/13/dea-negotiated-mexico-drug-cartels_n_4590832.html

Agents of the U.S. Drug Enforcement Administration and Justice Department officials have met in secret with members of Mexican drug cartels in exchange for information on rival drug organizations, a new extensive investigative report by Mexico's El Universal newspaper startlingly concludes.

According to the report, U.S. agents held more than 50 secret meetings with cartel operatives on Mexican territory between 2000 and 2012 -- without informing Mexican authorities.

El Universal writes:

Without the presence of Mexican authorities, as bilateral agreements stipulate, without informing the Mexican government, the agents of the DEA met with members of the cartels in Mexican territory, to obtain information about their rivals and at the same time and establish at the same time a network of informants of narco-traffickers, who signed cooperation agreements, subject to results, so that they can obtain future benefits, including charges being dropped in the United States.


Several of the documents were related to the Chicago trial of Jesus Vicente Zambada-Niebla, the son of Sinaloa leader Ismael "El Mayo" Zambada.

As Business Insider noted in 2012, Zambada-Niebla alleged while in detention in Chicago that the U.S. government struck a deal with Mexico's Sinaloa cartel to finance and arm the drug traffickers in exchange for information. Zambada-Niebla was arrested after having met with DEA officials, and believed that the alleged deal implied he was immune from arrest or prosecution.


Reminds me of this... October 03, 2011

http://articles.latimes.com/2011/oct/03/nation/la-na-atf-guns-20111004

Emails show top Justice Department officials knew of ATF gun program

In the emails that the department turned over to congressional investigators, Justice Department officials last October discussed both the Fast and Furious gun-trafficking surveillance operation in Phoenix and a separate investigation from 2006 and 2007 called Operation Wide Receiver. In Wide Receiver, which took place in Tucson, firearms also were acquired by illegal straw purchasers and lost in Mexico, the emails say.


This could be another one of arms for information deals. Maybe HSBC laundered the money for these transactions.
 

Eleanors38

(18,318 posts)
69. The "straw purchase" of firearms was covered in the "Gungeon" extensively
Mon Feb 3, 2014, 08:32 AM
Feb 2014

a few yrs back, including speculation that arms shipments were favoring one cartel over the other. Allegedly, this was coordinated by the DEA, BATF, & CIA.

RainDog

(28,784 posts)
141. thanks for the info
Mon Feb 3, 2014, 03:52 PM
Feb 2014

I avoid the gunegon entirely. I won't even serve on a gungeon jury.

Of course, police, including international ones, use informants all the time. But when they are trying to play one cartel off the other, without the knowledge of the nation where this is taking place...

dixiegrrrrl

(60,010 posts)
123. HSBC just tried to steal depositor's money
Mon Feb 3, 2014, 01:35 PM
Feb 2014

by limiting withdrawals, saying it was because customers may be doing something illegal with the money!

and THEN they changed their minds, after a HUGE public backlash.

So, they say it is a "rule" that customers withdrawals be limited, but they then break this sudden new "rule" after LOTS of complaints.

fooling no one.

TexasTowelie

(112,167 posts)
32. There is this story from a couple of days ago:
Mon Feb 3, 2014, 01:24 AM
Feb 2014

European Banks Face 5.5% Capital Hurdle in EBA Stress Test
http://www.bloomberg.com/news/2014-01-31/european-banks-face-5-5-capital-requirement-in-eba-stress-test.html

It's conjecture, but it's possible that some shake-up is imminent.

 

BlueStreak

(8,377 posts)
37. And remember "emerging economy problems" was the explanation for the run of really bad days
Mon Feb 3, 2014, 01:43 AM
Feb 2014

on Wall Street the past couple of weeks.

Ikonoklast

(23,973 posts)
83. That was Capital calling their money home. I see as noted above a China problem.
Mon Feb 3, 2014, 09:57 AM
Feb 2014

The real estate bubble in China is stupendous, has not been addressed by the Chinese one bit, and has a massive overhang worldwide.

sendero

(28,552 posts)
89. I posted a link...
Mon Feb 3, 2014, 10:30 AM
Feb 2014

.... in another thread, HSBC rescinded the limits almost immediately and claimed it was a misunderstanding.

I SERIOUSLY DOUBT any bank is going to limit withdrawals as a matter of policy - that would be tantamount to ASKING for a run.

sendero

(28,552 posts)
147. I don't think they really did it..
Mon Feb 3, 2014, 04:52 PM
Feb 2014

.... (as an actual corporate policy) - some doofus at a branch minsinterpreted something or did something unilaterally.

Believe me, bankers know they cannot touch that third rail, such a move would be pure desperation and counterproductive.

As for the 3 dead bankers, well I share the feeling that some coincidences stretch one's credulity.

sendero

(28,552 posts)
158. This is the link I posted..
Mon Feb 3, 2014, 06:15 PM
Feb 2014

..... http://dealbook.nytimes.com/2014/01/26/hsbc-apologizes-after-cash-withdrawal-issue-in-britain/?_php=true&_type=blogs&_r=0

The key phase being that "it was never intended to be mandatory to provide such evidence to make the withdrawal".

In other words, they were supposed to ask but not to require.

In my own bank in the US, I have been told upon asking for large sums that I have to call ahead a day before because they don't keep that much cash on hand.

I honestly think that banks understand that they cannot, without some legal basis, refuse a withdrawal. Before the internet, a bank might get away with that for a time, now that time would be a matter of days at best.

 

rhett o rick

(55,981 posts)
6. We've been riding the greatest pyramid scheme in history. In 2008 the can was kicked
Mon Feb 3, 2014, 12:10 AM
Feb 2014

down the road, but sooner or later, it has to crash. And all the kings horses and all the kings me will be focked.

Baitball Blogger

(46,705 posts)
8. As long as it doesn't make it to the washer woman level, I guess it was just a matter
Mon Feb 3, 2014, 12:18 AM
Feb 2014

of time.

Don't know why people would off themselves over it.

dawn frenzy adams

(429 posts)
48. I don't think it is the conscience.
Mon Feb 3, 2014, 02:39 AM
Feb 2014

It's could be the inability to face living without the luxurious lifestyle.

notadmblnd

(23,720 posts)
137. Or learning how to be poor and surviving.
Mon Feb 3, 2014, 03:13 PM
Feb 2014

Learning how to be poor and get by is almost an art and I know people who are experts at being poor and they could get rich being consultants if there were ever a market for it.

RKP5637

(67,108 posts)
76. It's an egregious system that feeds on itself like a cancer and if one extrapolates it out it
Mon Feb 3, 2014, 09:12 AM
Feb 2014

becomes readily apparent, eventually, it caves in on itself as the big fish start eating each other. With safeguards and integrity it could work, but those have been dismantled over the years, as we know, and now the ugliness of the system is resting on rotten piers.

 

nikto

(3,284 posts)
55. In a legitimate suicide, you need at least 2 shots, but...
Mon Feb 3, 2014, 03:45 AM
Feb 2014

The 3-shot suicides are the ones you can really trust.

 

nikto

(3,284 posts)
70. The deaths themselves aren't funny...
Mon Feb 3, 2014, 08:35 AM
Feb 2014

But the fact that the circumstances/juxtaposition are suspicious, and that our elites live and do
their lofty dealings behind an opaque wall (even as The People are scrutinized
by the NSA), gives one a sense of "dark humor" about unusual events like these deaths,
and what they could possibly mean.

Ours is a conspiracy-theory laden society, because so many big events are, basically, secret.

We The People are basically, out-of-the-loop.

"Graveyard humor" is entirely appropriate in this situation.

dixiegrrrrl

(60,010 posts)
21. "Don't know why people would off themselves over it." .
Mon Feb 3, 2014, 12:48 AM
Feb 2014

They either knew too much and were prevented from testifying
or
they are really suicides who saw an end to thier lifestyle coming.....some people cannot deal with living like us "little people"
or
they were not able to imagine going to jail for the fraud.
Altho being arrested for bank fraud does not seem likely after all these years of Holder covering for them.

 

ChisolmTrailDem

(9,463 posts)
20. Yes, as I said below, the collapse was only postponed. It still has to happen sooner or later...
Mon Feb 3, 2014, 12:43 AM
Feb 2014

These suicides may portend that coming collapse...

RKP5637

(67,108 posts)
80. Yep, agree. See my post #76. The system could work, but greed and shenanigans are too great. The
Mon Feb 3, 2014, 09:30 AM
Feb 2014

next event was just postponed by all of the patches and band-aids on a flawed system run by more and more hucksters each day.

 

ChisolmTrailDem

(9,463 posts)
112. Well, what happened was that the criminals were allowed to get away with it and so
Mon Feb 3, 2014, 12:51 PM
Feb 2014

there has been no incentive to stop doing their dirty deeds. So, on top of the problem still floating around out there, there has been more chicanery added in the years since the Sep '08 "crash" ... I put crash in quotes because it was supposed to crash, but was propped up by a very weak shoring. If it had really crashed, we would still be dealing with the consequences today. Now when it finally does crash, it's going to be even worse than it was then.


Fantastic Anarchist

(7,309 posts)
155. There's still a lot more money for them to steal first.
Mon Feb 3, 2014, 05:24 PM
Feb 2014

We'll have some minor dips so they can get their bailouts first.

Then, when it all comes crashing down, they'll be behind their wall living it up. These (Opening Post) are the people who either didn't have that foresight, or are two low on the totem pole to be included on the inside of that wall.

 

WillyT

(72,631 posts)
10. More: Daily Mail, Yet...
Mon Feb 3, 2014, 12:26 AM
Feb 2014
Another American banker commits suicide as New Mexico family demand answers over workload of banking executive who jumped to his death in London

Mike Dueker, 50, was the chief economist at Russell Investments

He was found dead at the side of a highway in Washington State after jumping over a fence

The economist was having problems at work and had been an employee at the reserve bank from 1991 to 2008

He had published dozens of research papers over the past two decades

His death is the third death in six days in apparent suicides in the world of finance

Gabriel Magee, a 39-year-old JP Morgan bank executive, died on Tuesday

The American threw himself off the top of the bank's London headquarters

His parents Bill and Nell Magee say they will travel from New Mexico to Britain to demand answers and collect their son's belongings

Last Sunday, former Deutsche Bank senior manager, William 'Bill' Broeksmit, 58, was found hanging in his South Kensington, London home

Both deaths have been ruled non-suspicious by the Metropolitan Police


By DAILY MAIL REPORTER
PUBLISHED: 10:26 EST, 1 February 2014 | UPDATED: 11:02 EST, 1 February 2014

Link: http://www.dailymail.co.uk/news/article-2550025/Chief-economists-apparent-suicide-latest-series-bizarre-deaths-financial-world-week.html


valerief

(53,235 posts)
14. Either everything happens in threes or
Mon Feb 3, 2014, 12:34 AM
Feb 2014

secrets are being protected or
secrets will be revealed.

Coincidence? Those things don't happen to the 1%.

 

ChisolmTrailDem

(9,463 posts)
19. I heard the crash that was avoided in 2008 with TARP (among others) is still going to happen
Mon Feb 3, 2014, 12:41 AM
Feb 2014

eventually and that that eventually is nearing.

Just speculation at this point, but maybe they see the writing on the wall and, if that's the case, then it's probably going to be bad, as it is being predicted it will be.

You see, all those derivatives are still out there. The non-solution in 2008 was a kicking of the can down the road. Welp, the end of the road may just be getting here. Note the stock market decline in the past 10 days or so...

BobbyBoring

(1,965 posts)
131. It's inevitable
Mon Feb 3, 2014, 02:56 PM
Feb 2014

The dollar "Value" of credit default swaps and other exotic instruments far exceed the entire global economy. There's not enough money in the world to pay them off and they will need to be paid off SOON.

The bad news is 2 fold. First, they take priority over everything else. Second, the money we have in banks doesn't belong to us. We are "Unsecured creditors".

My advice is don't have any money in big banks, not even in safe deposit boxes. When the shit hits the fan, they will be a limit on with drawls. It will be $0.00

 

ChisolmTrailDem

(9,463 posts)
146. I literally just walked to BofA and cashed my paycheck and then walked to
Mon Feb 3, 2014, 04:43 PM
Feb 2014

another location to deposit the money on my rechargeable debit card, which is backed by a smaller bank. I am now pulling up my bills in another tab and paying them right now before anything bad happens to my money.

And it's the same process every pay day. I leave my self as brief a window in a smaller bank as I possible and have done so since the lead-up to the 2008 crash-that-wasn't-a-crash-because-it-was-postponed-to-wrest-even-more-cash-from-the-middle-class-but-will-still-happen-eventually...er...crash!

Indeed, it would've been a "crash" in 2008. Now it's sure to be a complete collapse of the financial system. A look at how the richest 1% are positioning themselves both financially and physically, like on a yacht at sea (or friendly foreign port) or with the purchase of land and the building of fortresses and down-right bug-out preps, will give one the only clue they need as to what is coming. Nevermind a rash of finance suicides - after all, with every winner in high finance, there are many losers.

 

VanillaRhapsody

(21,115 posts)
38. I don't know if that's sarcastic or not it might not be so far off the mark
Mon Feb 3, 2014, 01:43 AM
Feb 2014

.as if they see their fortunes disappearing altogether...they don't even know how to live "like us"....much less how to even get "food stamps" in the first place..this is what TRULY scares the bejesus out of them....they don't know how to make "beans and rice" or boxed macaroni...or god forbid canned Spam or Ramen noodles!

2naSalit

(86,598 posts)
28. Wondering if/how this all
Mon Feb 3, 2014, 01:17 AM
Feb 2014

could be connected to the changing of the guard at the fed...

too

At any rate, these aren't passing the smell test for me.

Dopers_Greed

(2,640 posts)
31. This is starting to get suspicious
Mon Feb 3, 2014, 01:24 AM
Feb 2014

Most bankers are sociopaths, and though some are indeed human, I doubt they simply had a recent attack of conscience.

Maybe they know something? I wouldn't put it past the top bank villains to off people.

defacto7

(13,485 posts)
36. Look at it this way,
Mon Feb 3, 2014, 01:32 AM
Feb 2014

nothing new here. Whether it's suicide, murder, fear of coming economic collapse or an approaching asteroid, we knew the economic pyramid would find it's end. If not now, then later, but it will happen or is happening because we missed the boat when it could have been stopped or slowed. On the contrary, it was made seriously worse. My hope is they just knew justice was on its way. That's a nasty way to put it, but the other possibilities are far worse.

MrMickeysMom

(20,453 posts)
154. So, let's clarify...
Mon Feb 3, 2014, 05:21 PM
Feb 2014

The simplest explanation is generally the best when you have two competing theories that make exactly the same predictions.

So, the simpler one is the better.

If bankers die, it's probably a simple explanation… The don't take care of themselves. And, if we all get fucked by the bankers, it doesn't mean we were have been going steady with them.

Investors should have concern… cause Wall Street has been lying a lot to us. And, you can bank on THAT.

 

NuclearDem

(16,184 posts)
156. Yeah, pretty much.
Mon Feb 3, 2014, 05:44 PM
Feb 2014

Though "simplest" isn't necessarily the best word to use. It's the explanation that makes the fewest assumptions, and doesn't multiply entities beyond necessity.

Which is the difference between a "simple" explanation like "Goddidit" and natural selection: fewer assumptions made with for latter, therefore the better by Occam's razor.

ReRe

(10,597 posts)
43. The Stock Market did go down a bit in the last week, no?
Mon Feb 3, 2014, 01:57 AM
Feb 2014

... watch it tomorrow. Also, we need to tune in to Thom Hartmann, as he is predicting that everything's going to crash in 2016. I'm sure these banker deaths will pique his interest.

CrispyQ

(36,462 posts)
109. 2016 - changing of the guard, like in 2008.
Mon Feb 3, 2014, 12:47 PM
Feb 2014

If it's a replay of last time, we'll get a repub president & once again, both parties will work together to save the banksters.









 

AlbertCat

(17,505 posts)
152. There are more than 1% MILLIONAIRES....
Mon Feb 3, 2014, 05:15 PM
Feb 2014

"Four percent, or 4.6 million U.S. households, had net assets of at least $1 million in 1998, according to the study commissioned by the Consumer Federation of America and Providian Financial, a bank card provider." (That's a while ago....but I bet there are more now)

http://abcnews.go.com/Business/story?id=87939



Now BILLIONAIRES are another story. 442...according to Forbes.

http://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_US_dollar_billionaires

ReRe

(10,597 posts)
166. No we won't
Mon Feb 3, 2014, 11:45 PM
Feb 2014

... I don't believe it. BUT, if it does, it will be the last time it happens. There may be a powerful few who hate democracy, but there are many many many more who love it.
When what little democracy we have is ripped away, people will unite to bring it back. This I believe.

RainDog

(28,784 posts)
46. HBSC: The bank for terrorists and drug cartels
Mon Feb 3, 2014, 02:30 AM
Feb 2014
Also known as the Hong Kong and Shanghai Banking Corporation, HSBC has always been associated with drugs. Founded in 1865, HSBC became the major commercial bank in colonial China after the conclusion of the Second Opium War. If you're rusty in your history of Britain's various wars of Imperial Rape, the Second Opium War was the one where Britain and other European powers basically slaughtered lots of Chinese people until they agreed to legalize the dope trade (much like they had done in the First Opium War, which ended in 1842).

A century and a half later, it appears not much has changed. With its strong on-the-ground presence in many of the various ex-colonial territories in Asia and Africa, and its rich history of cross-cultural moral flexibility, HSBC has a very different international footprint than other Too Big to Fail banks like Wells Fargo or Bank of America. While the American banking behemoths mainly gorged themselves on the toxic residential-mortgage trade that caused the 2008 financial bubble, HSBC took a slightly different path, turning itself into the destination bank for domestic and international scoundrels of every possible persuasion.

Three-time losers doing life in California prisons for street felonies might be surprised to learn that the no-jail settlement Lanny Breuer worked out for HSBC was already the bank's third strike. In fact, as a mortifying 334-page report issued by the Senate Permanent Subcommittee on Investigations last summer made plain, HSBC ignored a truly awesome quantity of official warnings.

In April 2003, with 9/11 still fresh in the minds of American regulators, the Federal Reserve sent HSBC's American subsidiary a cease-and-desist­ letter, ordering it to clean up its act and make a better effort to keep criminals and terrorists from opening accounts at its bank. One of the bank's bigger customers, for instance, was Saudi Arabia's Al Rajhi bank, which had been linked by the CIA and other government agencies to terrorism. According to a document cited in a Senate report, one of the bank's founders, Sulaiman bin Abdul Aziz Al Rajhi, was among 20 early financiers of Al Qaeda, a member of what Osama bin Laden himself apparently called the "Golden Chain." In 2003, the CIA wrote a confidential report about the bank, describing Al Rajhi as a "conduit for extremist finance." In the report, details of which leaked to the public by 2007, the agency noted that Sulaiman Al Rajhi consciously worked to help Islamic "charities" hide their true nature, ordering the bank's board to "explore financial instruments that would allow the bank's charitable contributions to avoid official Saudi scrutiny." (The bank has denied any role in financing extremists.)

Read more: http://www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214#ixzz2sEnuWVe5
Follow us: @rollingstone on Twitter | RollingStone on Facebook

Kablooie

(18,634 posts)
50. So either they were all about to lose their fortunes or...
Mon Feb 3, 2014, 03:05 AM
Feb 2014

About to be arrested for some heinous crime or were jilted by a lover.

If they were losing their fortunes or about to be arrested we would probably have heard something about it by now.
So I guess they were all being jilted.

Or a fourth possibility, the "suicides" were actually hits done for someone who wants these guys out of the way, either directly or as a warning to others.

Hmmm.
Ponder, ponder ponder.

Buns_of_Fire

(17,175 posts)
66. Probably..... But that shouldn't be a barrier to it.
Mon Feb 3, 2014, 07:08 AM
Feb 2014

It's a shame Intrade.com is no longer handling "Prediction Markets" while they're reworking things to conform to US Government regulations.

I'm not advocating anything illegal, but the thought of the Blankfeins and Dimons and Kochs of the world (and their Boards of Directors) being deathly afraid to leave their gated and walled compounds gives me a nice warm 'n' fuzzy feeling.

 

nikto

(3,284 posts)
57. If you have a pension, it's TIME TO WORRY
Mon Feb 3, 2014, 04:02 AM
Feb 2014

A big crash could destroy pensions in this country.

Unless I'm wrong.

Somebody, please tell me I'm wrong.

RainDog

(28,784 posts)
59. here's the text of your first link
Mon Feb 3, 2014, 05:30 AM
Feb 2014

HSBC dumps small businesses for international profiles

Banking giant HSBC is dumping some of its small business clients in favour of those with more internationally-oriented profiles.

Linda Bryan is the owner of a small pharmacy in White Rock, B.C., who has been banking with HSBC for 17 years. Recently, she received a letter from the bank informing her she has 60 days to transition to another financial institution.

"We will be closing the accounts listed above, along with all additional business accounts associated with this relationship," reads the HSBC letter addressed to Bryan.

She says she was stunned.

http://www.cbc.ca/news/canada/british-columbia/hsbc-dumps-small-businesses-for-international-profiles-1.2515068


HSBC Said to Plan Sale of Swiss Private Banking Assets in Geneva

HSBC Holdings Plc (HSBA), Europe’s largest bank, is planning to sell parts of its Swiss private bank as some foreign lenders retreat amid a crackdown on bank secrecy and rising regulatory scrutiny, four people with knowledge of the situation said.

HSBC is selling a largely Geneva-based business with about $15 billion in assets under management, according to three of the people, who asked not to be identified because talks are private. Documents for the business, which includes wealthy clients in France, have been sent to potential buyers and it may be sold in parts, though no sale is guaranteed, they said.
http://www.businessweek.com/news/2014-01-31/hsbc-said-to-plan-sale-of-swiss-private-banking-assets-in-geneva

Bad HSBC Policy Raises Specter of Bank Run

NEW YORK (TheStreet) -- The term "bank run" conjures up all kind of bogeyman images, and right now it's rearing its ugly head in the U.K.

That doesn't mean a bank run is imminent here in the U.S., but in the age of global digital media, what's happening in England has American bankers thinking the once unthinkable.

The story starts in London, where customers of HSBC complained last week they couldn't withdraw large sums of money from local bank branches without asking for what amounts to a "permission slip."

According to the British Broadcasting Co., customers were being told by bank staffers they could not withdraw more than 5,000 in British pounds (or $8,253 in U.S. dollars) without having a "good reason" for making the withdrawal.

HSBC admits the policy was in place, but has reversed course on making customers explain why they need to withdrawal the money:

"We ask our customers about the purpose of large cash withdrawals when they are unusual and out of keeping with the normal running of their account. Since last November, in some instances we may have also asked these customers to show us evidence of what the cash is required for.

http://www.thestreet.com/story/12276141/1/bad-hsbc-policy-raises-specter-of-bank-run.html


HSBC is slashing its variable rate to the lowest among the retail banks


THE nation's billion-dollar home loan war has intensified with HSBC slashing its variable rate to the lowest among the retail banks.
The cutting of their variable rate loan by 0.59 of a percentage point to 4.75 per cent days ahead of the Reserve Bank of Australia's first monthly meeting next Tuesday has signalled that the mortgage war is on.
The rate is the lowest of any branch-based retail bank.

http://www.news.com.au/finance/business/hsbc-is-slashing-its-variable-rate-to-the-lowest-among-the-retail-banks/story-fnkjidjt-1226813222718

shaayecanaan

(6,068 posts)
67. big deal
Mon Feb 3, 2014, 08:25 AM
Feb 2014

According to federal law, I can't withdraw 10 000 aud in cash from the bank without notifying the federal police and explaining why. Nothing particularly radical about that kind of policy.

A run on the banks is a different kettle of fish now. Banks hardly have any fucking deposits these days. The money they lend is conjured out of nothing in central banks. Even if we all wanted to withdraw our money tomorrow, they could easily fire up the printing presses and crank out a few billion dollars more.

Ichingcarpenter

(36,988 posts)
97. You need to read better ...'The story starts in London
Mon Feb 3, 2014, 11:33 AM
Feb 2014

not the US .....it still says something is going on with one of the world's largest banks whose tenacles are everywhere.

RainDog

(28,784 posts)
60. From your link and the Rolling Stone article
Mon Feb 3, 2014, 05:34 AM
Feb 2014
HSBC Said to Plan Sale of Swiss Private Banking Assets in Geneva

HSBC Holdings Plc (HSBA), Europe’s largest bank, is planning to sell parts of its Swiss private bank as some foreign lenders retreat amid a crackdown on bank secrecy and rising regulatory scrutiny, four people with knowledge of the situation said.

HSBC is selling a largely Geneva-based business with about $15 billion in assets under management, according to three of the people, who asked not to be identified because talks are private. Documents for the business, which includes wealthy clients in France, have been sent to potential buyers and it may be sold in parts, though no sale is guaranteed, they said.

http://www.businessweek.com/news/2014-01-31/hsbc-said-to-plan-sale-of-swiss-private-banking-assets-in-geneva


The Treasury Department keeps a list compiled by the Office of Foreign Assets Control, or OFAC, and American banks are not supposed to do business with anyone on the OFAC list. But the bank knowingly helped banned individuals elude the sanctions process. One such individual was the powerful Syrian businessman Rami Makhlouf, a close confidant of the Assad family. When Makhlouf appeared on the OFAC list in 2008, HSBC responded not by severing ties with him but by trying to figure out what to do about the accounts the Syrian power broker had in its Geneva and Cayman Islands branches. "We have determined that accounts held in the Caymans are not in the jurisdiction of, and are not housed on any systems in, the United States," wrote one compliance officer. "Therefore, we will not be reporting this match to OFAC."

Translation: We know the guy's on a terrorist list, but his accounts are in a place the Americans can't search, so screw them.

Remember, this was in 2008 – five years after HSBC had first been caught doing this sort of thing. And even four years after that, when being grilled by Michigan Sen. Carl Levin in July 2012, an HSBC executive refused to absolutely say that the bank would inform the government if Makhlouf or another OFAC-listed name popped up in its system – saying only that it would "do everything we can."

The Senate exchange highlighted an extremely frustrating dynamic government investigators have had to face with Too Big to Jail megabanks: The same thing that makes them so attractive to shady customers – their ability to instantaneously move money around the world to places like the Cayman Islands and Switzerland – makes it easy for them to play dumb with regulators by hiding behind secrecy laws.

Read more: http://www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214page=2#ixzz2sFYTaXFW


Ichingcarpenter

(36,988 posts)
61. And My post on the deaths of banksters
Mon Feb 3, 2014, 05:39 AM
Feb 2014

Even though its unrelated to HSBC

But I found the three banker suicide in the past week some what coincidenta
to something going on in the banking system.


A third banker has committed suicide within the space of a week, once again prompting speculation that some kind of financial collapse could be just around the corner.


“Mike Dueker, the chief economist at Russell Investments, was found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington state, according to the Pierce County Sheriff’s Department. He was 50,” reports Bloomberg.


Dueker fell down a 50 foot embankment in what police are describing as a suicide. He was reported missing on January 29 by friends, who said he had been “having problems at work.”

Dueker’s apparent suicide follows those of London banking executives Gabriel Magee and Bill Broeksmit.
Magee, a 39-year-old senior manager at JP Morgan’s European headquarters, jumped 500ft from the top of the bank’s headquarters in central London on Tuesday, landing on an adjacent 9 story roof.




Maybe its just a coincidence but sometimes its Synchronicity which is the experience of two or more events as meaningfully related, where they are unlikely to be causally related

 

nikto

(3,284 posts)
72. Syncronicity is a key word here
Mon Feb 3, 2014, 08:46 AM
Feb 2014

In fact, right at this moment...

"Many miles away, something crawls to the surface
Of a dark Scottish loch..."




dixiegrrrrl

(60,010 posts)
128. Suicide by embankment????
Mon Feb 3, 2014, 02:20 PM
Feb 2014

Cops are pretty quick to call that a suicide.
At least when the mob killed off people, they left the bloody bodies lying around with no doubts about type of death.

This is starting to sound a lot like that rash of deaths of micro-biologists a few years ago, all were labled suicides or accidents,
even the ones with very very questionable deaths.

CrispyQ

(36,462 posts)
113. +1!
Mon Feb 3, 2014, 01:02 PM
Feb 2014

Posted a different version of that pic above, without his friend's poster. Love that!!

Jump without your golden parachute!

democratisphere

(17,235 posts)
78. Our heavily manipulated faux economy may be running out of manipulations.
Mon Feb 3, 2014, 09:27 AM
Feb 2014

It appears something is going very wrong.

 

Kelvin Mace

(17,469 posts)
88. Good question
Mon Feb 3, 2014, 10:24 AM
Feb 2014

But, I would ask a more detailed question of the suicide rate of bankers who handle in excess of a billion dollars.

My banker is doing fine, but the whole bank she works for is only worth about $100 million.

sofa king

(10,857 posts)
157. That was my observation, too.
Mon Feb 3, 2014, 06:08 PM
Feb 2014

It's winter time, when the suicide rate spikes and the world suicide rate among all bankers is certainly more than three a weekend. So there are no conclusions to be drawn from those three events without additional information being brought to the table.

There is a very important next component which must be added to these stories in order to suggest something is actually afoot: they must all be interpersonally and organizationally related to one another. I'm sure there are journalists on that case, but until we get a status report on what, if any, connections there are between these dead bankers, I am disinclined to suspect something yet.

 

gerogie2

(450 posts)
92. People commit suicide for different reasons
Mon Feb 3, 2014, 11:00 AM
Feb 2014

Most likely it is because of depression many times associated with financial troubles. Twenty years ago there was a lawyer talk show host on KGO San Francisco radio that one day jumped to his death of the Golden Gate bridge. It later came out that he had been selling fake sports memorabilia and was about to be found out.

niyad

(113,302 posts)
93. k and r--bookmarking for later reading. either they all know something really bad, or they had help
Mon Feb 3, 2014, 11:02 AM
Feb 2014

I wonder that it never occurred to these thieves and thugs that they are not completely invulnerable.

flamingdem

(39,313 posts)
151. Really!
Mon Feb 3, 2014, 05:10 PM
Feb 2014

And the rest of the mafioso banksters, maybe this time they really will have something to complain about!

AnneD

(15,774 posts)
103. Considering the folks that they help launder money for....
Mon Feb 3, 2014, 12:23 PM
Feb 2014

I am surprised we don't see more of this.

SidDithers

(44,228 posts)
106. There are ~ 105 suicides per day in the US...
Mon Feb 3, 2014, 12:28 PM
Feb 2014

according to the CDC (2010 data)
http://www.cdc.gov/violenceprevention/pdf/suicide-datasheet-a.pdf

What are the chances that 3 "prominent" bankers would be among those 600-700 suicides in any 6 day period?

Sid

tclambert

(11,085 posts)
108. Maybe there's a vigilante serial killer at work.
Mon Feb 3, 2014, 12:42 PM
Feb 2014

Someone punishing bankers for being, you know, bankers.

Germany, London, and Tacoma seems like too big a geographic range, though.

Laelth

(32,017 posts)
111. I am genuinely curious to know how conservatives are responding to this news.
Mon Feb 3, 2014, 12:51 PM
Feb 2014

Anyone know? I haven't had a tetanus shot lately, so I am reticent to venture into their online lairs.

-Laelth

Holly_Hobby

(3,033 posts)
114. Vatican & Consulates told to move HSBC accounts
Mon Feb 3, 2014, 01:03 PM
Feb 2014

Consulates and the Vatican in chaos as HSBC tells them to find another bank

By Joanne Hart, Financial Mail On Sunday

PUBLISHED: 16:42 EST, 3 August 2013 | UPDATED: 02:58 EST, 5 August 2013

Diplomats in London have been thrown into chaos after Britain’s biggest bank, HSBC, sacked them as customers and gave them 60 days to move their accounts.

Their situation has been made far worse because other banks have been closing ranks and refusing to take their business.

More than 40 embassies, consulates and High Commissions have been affected. Even the Vatican has been given its marching orders.

The Pope’s representative office in Britain, the Apostolic Nunciature, has banked with HSBC for many years but was told to find another bank. One diplomatic source said he believed HSBC feared being exposed to embassies after it was fined $2billion (£1.32billion) by US authorities last year.

http://www.thisismoney.co.uk/money/news/article-2384003/Consulates-Vatican-chaos-HSBC-tells-bank.html

5 days after the above...Pope Francis strengthens Vatican law against money laundering and terrorism financing:

Pope Francis intensified the fight against corruption in the Vatican on Thursday, strengthening the law to counter “money laundering, the financing of terrorism and the proliferation of weapons of mass destruction.”

The short “Motu Proprio”, a decree of Francis’s own initiative, strengthens the supervision of financial transactions “in response to a recommendation of the Moneyval Committee,” the European watchdog which carried out a review of the Vatican bank last year.

The decree is just the latest in a series of bold moves on the part of the pontiff to clean up the institution’s murky financial image.

...

What has been hailed as a potential revolution by many religious watchers began with the appointment mid-June of one of the pope’s trusted allies to oversee management of the Institute for Religious Works (IOR) — as the bank is known.

...

http://www.rawstory.com/rs/2013/08/08/pope-francis-strengthens-vatican-law-against-money-laundering-terrorism-financing/

 

Kelvin Mace

(17,469 posts)
117. I would think that a bank
Mon Feb 3, 2014, 01:16 PM
Feb 2014

which suddenly got very nervous about government accounts would be in need of very close criminal investigation.

dixiegrrrrl

(60,010 posts)
129. Wow!
Mon Feb 3, 2014, 02:26 PM
Feb 2014

This is very interesting. Very very very.

It SOUNDS as if HSBC is saying they will not handle the vatican bank business if the vatican won't let them do dirty deeds.

Jesus Malverde

(10,274 posts)
115. I disagree with the premis I'm not sure they are prominent
Mon Feb 3, 2014, 01:06 PM
Feb 2014

The suicide at JPM offices was dramatic, I'm not sure the IT guy was "prominent".

Browksmit was retired.

Dueker is interesting as it's happening as the fed chairman and policy changes. The article says he was having work trouble...

Considering how many people work in banking or have worked in banking...I'm not sure it's statistically significant.

dorkzilla

(5,141 posts)
163. Cluster is what I'm thinking as well
Mon Feb 3, 2014, 10:15 PM
Feb 2014

The first person I heard tell about this trio was an Alex Jones devotee, and I'm not going to think anything other than it was a coincidence until there is some other evidence that suggests otherwise.

If three barbers committed suicide in a week, I'm not likely to think that they knew something, some dark and terrible secret, maybe about hair that was going to make humans go bald suddenly? I mean we're a lot less hairy than our ancestors...it's all gotta fall out sometime.

 

DeSwiss

(27,137 posts)
121. It continues. Expect more.
Mon Feb 3, 2014, 01:25 PM
Feb 2014
- A lot more. Because there are more debts than money to pay.........



K&R

lark

(23,099 posts)
125. Another thought
Mon Feb 3, 2014, 01:43 PM
Feb 2014

Maybe their deaths were "arranged" to keep us from knowing the truth? That seems more likely to me, though this is just a guessing game at this point.

Squinch

(50,949 posts)
149. In financial crises, people often kill themselves when they realize they have
Mon Feb 3, 2014, 04:57 PM
Feb 2014

ruined all their customers and they can't face the fallout. That's what seemed to cause the suicides in 2008.

Ichingcarpenter

(36,988 posts)
130. Three BANKERS and CEO of a major car company
Mon Feb 3, 2014, 02:38 PM
Feb 2014

Last edited Mon Feb 3, 2014, 03:52 PM - Edit history (1)

Dueker’s apparent suicide was the fourth among financial experts in a week.

A 58-year-old former senior executive at Deutsche Bank AG, William Broeksmit, was found dead on January 26 in his home after an apparent suicide in South Kensington in central London.

The next day, January 27, Tata Motors managing director Karl Slym, 51, was found dead on the fourth floor of the Shangri-La hotel in Bangkok. Police said he could have committed suicide. Mr. Slym was staying on a 22th floor with his wife, and was attending a board meeting in the Thai capital.

Another tragic incident occurred on January 28, when a 39-year-old Gabriel Magee, a JP Morgan employee, died after falling from the roof of its European headquarters in London

http://rt.com/business/russell-investments-chief-economist-dead-564/

dixiegrrrrl

(60,010 posts)
171. 3 bankers and a financial affairs reporter who goes missing:
Tue Feb 4, 2014, 12:46 AM
Feb 2014

The case of David Bird, the oil markets reporter who had worked at the Wall Street Journal for 20 years and vanished without a trace on the afternoon of January 11, has this in common with the other three tragedies: his work involves a commodities market – oil – which is under investigation by the U.S. Senate’s Permanent Subcommittee on Investigations for possible manipulation. The FBI is involved in the Bird investigation.

Bird left his Long Hill, New Jersey home on that Saturday, telling his wife he was going for a walk. 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. Despite a continuous search since his disappearance by hundreds of volunteers, local law enforcement and the FBI, Bird has not been located.
http://wallstreetonparade.com/2014/02/a-rash-of-deaths-and-a-missing-reporter-%E2%80%93-with-ties-to-wall-street-investigations/

siligut

(12,272 posts)
144. The DOJ is investigating big money re violation of bribery laws involving Libya's investment fund
Mon Feb 3, 2014, 04:20 PM
Feb 2014
WSJ: Financial firms probed over possible bribery in Libya. The Department of Justice has joined an expanding probe of banks, private-equity firms and hedge funds over the possible violation of bribery laws involving Libya's state investment fund prior to the rebellion against Muammar Gaddafi in 2011, the WSJ reports. The investigation originally focused on Goldman Sachs (GS) but now includes Credit Suisse (CS), JP Morgan (JPM), Société Générale (OTC:SCGLF), Blackstone (BX) and hedge-fund operator Och-Ziff Capital Management Group (OZM).


I don't subscribe to the WSJ, but the blurb tells us quite a bit. Maybe murder, maybe suicide, big money, as we know, has many tentacles.

Curmudgeoness

(18,219 posts)
160. So they did have a conscience.
Mon Feb 3, 2014, 08:03 PM
Feb 2014

That subject line is deceptive---they were not just "found dead", they committed suicide.

radhika

(1,008 posts)
161. Microbiologists were dying under strange circumstances during the post-9/11 anthrax attacks...
Mon Feb 3, 2014, 08:31 PM
Feb 2014

Not the same as suicide, obviously. Or single-pilot plane crashes. Still....

This microbiology link was a recurring meme post-9/11, and grew especially strong after the anthrax strain was traced to Ames Iowa lab. There are many similar articles still floating about on the web, but here's two (one from DU).

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=104x594709

http://whatreallyhappened.com/WRHARTICLES/deadbiologists.html


WillYourVoteBCounted

(14,622 posts)
162. they're already too big to fail and too big to jail, what other shoe will drop?
Mon Feb 3, 2014, 08:53 PM
Feb 2014

Hey Kelvin!

Long time no see.

Seriously, we already know that the banks are robbing us, and that the US DOJ is letting them,
what more is there?

Is it because the house of cards will soon collapse?

stillcool

(32,626 posts)
165. what a coincident
Mon Feb 3, 2014, 10:30 PM
Feb 2014

Or a really big uh-oh. Reminds me of Enron. Seems like such small potatoes now. Crazy.

Response to Kelvin Mace (Original post)

ReRe

(10,597 posts)
172. Hello in there....
Tue Feb 4, 2014, 01:35 AM
Feb 2014

Monday, 1-3-14, stock exchange down 326 points. Haven't listened to Thom Hartmann yet. Did he say anything today? Any more stories of bankers jumping ship?

Response to Kelvin Mace (Original post)

Godhumor

(6,437 posts)
180. Seriously? Must everything be a conspiracy?
Thu Feb 6, 2014, 12:27 PM
Feb 2014

Statistics say sometimes shit clusters. Considering you're also comparing suicides across geographic zones (Different continents, in this case) it is easy to find correlation without any causation. I guarantee you that given a week of death data worldwide I could come up with a murder conspiracy in any industry.

A huge part of lens bias is that you can find what your actively seeking in a dataset. We link to think celebrity deaths happen in threes (they don't) and when one passes people begin looking for other deaths to match the theory.

The long and short is that this is nothing special. Hell, it is not even a coincidence. It is just the ebb and flow of human life.

 

nikto

(3,284 posts)
191. Mysterious deaths...
Sun Feb 9, 2014, 01:23 AM
Feb 2014


Mysterious Deaths:

CIA Director William Colby
Sean Hoare ~ Murdoch Whisleblower
Deborah Jeane Palfrey ~ D.C. Madam
Mike Connell ~ Ohio Election Fraud
Paul Wellstone ~ Election, 9/11
Gary Webb ~ investigative journalist
Danny Casolaro ~ investigative journalist
Gary Caradori ~ investigating the Franklin Cover Up
Jim Hatfield ~ Bush author
Pat Tillman ~ Patriot
Dr. Bruce Ivins ~ Anthrax
Lori Klausutis ~ aide to Joe Scarborough
Beverly Eckert ~ 9/11 widow plane crash
Dr. David Kelly ~ British Weapons Inspector
Barry Jennings ~ WTC 7 Whistleblower
John O'Neill ~ worked in WTC first day
Dr. David Graham ~ 9/11 Whistleblower
JFK Jr. ~ Journalist, Potential Candidate
Mel Carnahan ~ Democratic Governor of Missouri
Col. James E. Sabow ~ Whistleblower and Marine
Col. Ted Westhusing ~ Returning home from Iraq
Nancy Schaefer ~ Georgia State Senator
Raymond Lemme ~ Election Integrity
Officer Terrance Yeakey ~ Oklahoma City Bombing
Vicki Morgan ~ Reagan era call girl
Dag Hammarskjöld ~ UN Secretary-General
Michael Hastings ~ Rolling Stone, Buzzfeed Journalist NSA
Barnaby Jack ~ Famous Hacker
Congressman George Hansen ~ tortured to death
Congressman Larry McDonald ~ died in plane
 

Kelvin Mace

(17,469 posts)
192. Not necessarily ruling out suicide
Sun Feb 9, 2014, 03:20 PM
Feb 2014

Not as easy to kill yourself with a nail gun as you would believe, and it is a more common injury than you might believe.

What I question is the choice of it as a means of suicide. Guns are MUCH more efficient for killing yourself. Nail guns just are not as reliable, though most people don't know that.

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