Number of suicides in US per year--37,000. Population of US-- 330,000,000. Rate 0.01% Number of JPM suicides--3. Number of JPM employees--260,000. Rate 0.001%
Got any stats on suicide by nailgun? Any chance that some of these weren't suicide? Might there be some sort of "message" being conveyed here? Nah, carry on.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>Number of suicides in US per year--37,000. Population of US-- 330,000,000. Rate 0.01% Number of JPM suicides--3. Number of JPM employees--260,000. Rate 0.001%
Got any stats on suicide by nailgun? Any chance that some of these weren't suicide? Might there be some sort of "message" being conveyed here? Nah, carry on. >>
Have you ever seen a Wall Street movie that didnt include some sort of illicit drug activity? I hear that crap can cause people to do some bizarre things.
<< <i>Have you ever seen a Wall Street movie that didnt include some sort of illicit drug activity? I hear that crap can cause people to do some bizarre things. >>
There are not many aspects of American life that are not subject to drug abuse. That said, the frequency of self-inflicted nail-gun abuse is rare.
It wasn't one shot. It was 7 or 8 shots. Think about it - 7 or 8 shots with a nail gun. Sounds like a message to any would-be Edward Snowdens in the tbtf banking system. Really, it does - especially in light of the other recent banker "suicides" by guys who otherwise had a lot going for them.
If I worked at JPM, and even if I didn't know anything about anything - I'd be a little bit freaked out, right about now.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>Number of suicides in US per year--37,000. Population of US-- 330,000,000. Rate 0.01% Number of JPM suicides--3. Number of JPM employees--260,000. Rate 0.001%
Got any stats on suicide by nailgun? Any chance that some of these weren't suicide? Might there be some sort of "message" being conveyed here? Nah, carry on. >>
Death by brads? Could be? How many brads does it take to kill oneself? Eight apparently. Smoething for MythBusters to explore.
You ever see smoebody really tripped out? They feel no pain. Its all adrenaline. People see crazy stuff. They feel crazy things. Weird stuff happens to people all drugged out.
Hey, its just as plausible as another link in a conspiracy chain.
<< <i>You ever see smoebody really tripped out? They feel no pain. Its all adrenaline. People see crazy stuff. They feel crazy things. Weird stuff happens to people all drugged out.
Hey, its just as plausible as another link in a conspiracy chain. >>
Is this specifically to the nail-gun incident , or to all the recent banker suicides?
"One reason banks are enamored with taking out policies on other people’s lives and keeping the practice as hush-hush as possible with the willing consent of regulators is that the gullible U.S. taxpayer who bailed out the banks to the tune of trillions of dollars from 2008 to 2010 and is now subsidizing too-big-to-fail through an implied permanent Federal backstop, is also subsidizing these death wagers. Both the buildup in the cash value of the policy over time and the payment of the death benefit are tax-free income to the bank; the more workers they insure, the more tax-free income they receive to help their bottom line; and the less corporations pay in their share of Federal income taxes, shifting more and more of the burden to the struggling middle class."
Natural forces of supply and demand are the best regulators on earth.
One reason banks are enamored with taking out policies on other people’s lives and keeping the practice as hush-hush as possible
Many companies have life insurance policies on their employees.
the more workers they insure, the more tax-free income they receive to help their bottom line; and the less corporations pay in their share of Federal income taxes, shifting more and more of the burden to the struggling middle class
Somebody really stepped off the deep end there, but it is true that companies do receive some tax advantages.
But that was a good link for this conspiracy thread.
<< <i>One reason banks are enamored with taking out policies on other people’s lives and keeping the practice as hush-hush as possible
Many companies have life insurance policies on their employees. >>
Law allows a company to ensure a "key" employee, read the link and learn how JPM takes it to a whole new, profitable level.
<< <i>the more workers they insure, the more tax-free income they receive to help their bottom line; and the less corporations pay in their share of Federal income taxes, shifting more and more of the burden to the struggling middle class
Somebody really stepped off the deep end there, but it is true that companies do receive some tax advantages. >>
JPM receives the tax advantages stated and is at the same time robbing Americans of tax revenue. Appears their life insurance scam is quite profitable and tax free.
Of course you are more than welcome to point out any mistruths in the link (provided you read it before disparging it). Calling something a conspiracy theory because you disagree with it is a cheap shot. If you thinks something is a lie, grow a pair and says so.
Natural forces of supply and demand are the best regulators on earth.
No mistruths. Just exaggerated words such as "robbing".
robbing Americans of tax revenue. Appears their life insurance scam is quite profitable and tax free.
Indeed, JPM would not be able to survive without such windfalls. How much did they "steal", $10 million? $50 million? JPM made $59,000,000 per day in the last quarter--thank GOD all these people were "dismissed" otherwise they never would have met expectations and the stock would have collapsed!!!
<< <i>No mistruths. Just exaggerated words such as "robbing".
robbing Americans of tax revenue. Appears their life insurance scam is quite profitable and tax free.
Indeed, JPM would not be able to survive without such windfalls. How much did they "steal", $10 million? $50 million? JPM made $59,000,000 per day in the last quarter--thank GOD all these people were "dismissed" otherwise they never would have met expectations and the stock would have collapsed!!! >>
is not allowing a bank to profit, tax free, from the death of its general employees, a form of robbing Americans of tax revenue? These are lost taxes that must be collected from other sources - the very Americans being robbed. They are lost taxes because without such a lucrative tax free scam available, the insurance premiums would likely end up in taxable investments. Americans are without question being robbed of tax revenue by JPM's wagers on the lives of its employees.
Natural forces of supply and demand are the best regulators on earth.
is not allowing a bank to profit, tax free, from the death of its general employees, a form of robbing Americans of tax revenue
Death benefits are tax free. There is no robbing of anyone. If everyone else had to pay taxes on death benefits but the banks did not, then I would be right along side you. But there is nothing illegal about a company having an insurance policy on an employee. In the banking industry there are many employees that contribute tens or hundreds of millions of dollar in revenue. Is it not prudent to insure that revenue stream?
I cant figure out what "tax revenue" is being robbed from the American people.
<< <i>is not allowing a bank to profit, tax free, from the death of its general employees, a form of robbing Americans of tax revenue
Death benefits are tax free. There is no robbing of anyone. If everyone else had to pay taxes on death benefits but the banks did not, then I would be right along side you. But there is nothing illegal about a company having an insurance policy on an employee. In the banking industry there are many employees that contribute tens or hundreds of millions of dollar in revenue. Is it not prudent to insure that revenue stream?
I cant figure out what "tax revenue" is being robbed from the American people. >>
If you had read the article you would have seen that JPM's abuse of their right to third party insure key employees, while insurance regulators turn a blind eye, results in them insuring ANY employee where they see potential profit. Windfall from this tax free abuse is what is robbing Americans of tax revenue.
Natural forces of supply and demand are the best regulators on earth.
There is no tax revenue being "robbed". Insurance companies are paid a premium, which is income to the insurance company, which is taxed. And if the policy is paid out, that money eventually gets invested or spent on something else which will be taxed.
If the concern is companies using "loopholes" to avoid paying taxes then must place blame on the legislative branch. Please dont tell me you have never used the law to reduce tax obligations.
Well, they just can't off themselves fast enough, so in the last 24 hours a few more have been helped. Even in broad daylight and on the job.
.....GOD
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
This is the 14th financial services exective death in recent months...
1 - William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.
2 - Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.
3 - Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.
4 - Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.
5 - Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.
6 - Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.
7 - Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.
8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.
9 - James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death
10 - Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train
11 - Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.
12 - Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.
13 - Li Jianhua, 49, the director of China's Banking Regulatory Commission died of a sudden heart attack
14 - Lydia _____, 52 - jumped to her suicide from the 14th floor of Bred-Banque Populaire in Paris
Appears jumping off a tall building is a preferred method for bankers. Why put yourself through a few seconds of panic and hell? A nailgun, very well could have been a slow burn till death. How bout a .44 Mag to the temple?
And another one's gone, and another one's gone....another one bites the dust! Yeah!!
No conspiracy here folks, move on along now.
<< <i>This is the 14th financial services exective death in recent months...
1 - William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.
2 - Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.
3 - Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.
4 - Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.
5 - Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.
6 - Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.
7 - Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.
8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.
9 - James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death
10 - Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train
11 - Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.
12 - Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.
13 - Li Jianhua, 49, the director of China's Banking Regulatory Commission died of a sudden heart attack
14 - Lydia _____, 52 - jumped to her suicide from the 14th floor of Bred-Banque Populaire in Paris >>
.....GOD
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
"There is one other major obstacle to brushing away these deaths as random occurrences – they are not happening at JPMorgan’s closest peer bank – Citigroup. Both JPMorgan and Citigroup are global financial institutions with both commercial banking and investment banking operations. Their employee counts are similar – 260,000 employees for JPMorgan versus 251,000 for Citigroup. Both JPMorgan and Citigroup also own massive amounts of bank-owned life insurance (BOLI), a controversial practice that pays the corporation when a current or former employee dies. (In the case of former employees, the banks conduct regular “death sweeps” of public records using former employees’ Social Security numbers to learn if a former employee has died and then submits a request for payment of the death benefit to the insurance company.)"
Natural forces of supply and demand are the best regulators on earth.
"Key man insurance is an easily justifiable life insurance product for a business. That’s where the company insures the lives of its key principals whose loss would have a very real financial and operational impact. But BOLI and COLI have become known as dead peasant insurance because many companies are taking out policies on employees in bulk, often including rank and file workers. And there is evidence that companies grouse when workers have the temerity not to die as projected."
"And there is a growing amount of anecdotal evidence that dodgy things are happening with the billions invested in mortality bets on bank workers. Reports are surfacing that the banks have opened “separate accounts” and are personally managing the assets instead of paying out the premiums to an insurance company to manage. Ina Drew, the head of JPMorgan’s Chief Investment Office, reported on March 15, 2013 to the Senate’s Permanent Subcommittee on Investigations that her office was managing $9 billion of the company’s corporate owned life insurance portfolio. The Chief Investment Office is the division that lost $6.2 billion trading exotic derivatives in London with depositor funds from the FDIC insured bank in the U.S."
Natural forces of supply and demand are the best regulators on earth.
@WRN ... I used to live in the next county north of Piqua, and back then the local journalism standards were not very high. The Dispatch probably picked up a minimalist wire service story written by some hick in Piqua who didn't care that the deceased was a banker from Columbus.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Comments
I don't think that we can either.
I knew it would happen.
Number of JPM suicides--3. Number of JPM employees--260,000. Rate 0.001%
Got any stats on suicide by nailgun? Any chance that some of these weren't suicide? Might there be some sort of "message" being conveyed here? Nah, carry on.
I knew it would happen.
<< <i>Number of suicides in US per year--37,000. Population of US-- 330,000,000. Rate 0.01%
Number of JPM suicides--3. Number of JPM employees--260,000. Rate 0.001%
Got any stats on suicide by nailgun? Any chance that some of these weren't suicide? Might there be some sort of "message" being conveyed here? Nah, carry on. >>
Have you ever seen a Wall Street movie that didnt include some sort of illicit drug activity? I hear that crap can cause people to do some bizarre things.
Knowledge is the enemy of fear
<< <i>Have you ever seen a Wall Street movie that didnt include some sort of illicit drug activity? I hear that crap can cause people to do some bizarre things. >>
There are not many aspects of American life that are not subject to drug abuse.
That said, the frequency of self-inflicted nail-gun abuse is rare.
If I worked at JPM, and even if I didn't know anything about anything - I'd be a little bit freaked out, right about now.
I knew it would happen.
<< <i>Number of suicides in US per year--37,000. Population of US-- 330,000,000. Rate 0.01%
Number of JPM suicides--3. Number of JPM employees--260,000. Rate 0.001%
Got any stats on suicide by nailgun? Any chance that some of these weren't suicide? Might there be some sort of "message" being conveyed here? Nah, carry on. >>
Death by brads? Could be? How many brads does it take to kill oneself? Eight apparently. Smoething for MythBusters to explore.
Hey, its just as plausible as another link in a conspiracy chain.
Knowledge is the enemy of fear
<< <i>You ever see smoebody really tripped out? They feel no pain. Its all adrenaline. People see crazy stuff. They feel crazy things. Weird stuff happens to people all drugged out.
Hey, its just as plausible as another link in a conspiracy chain. >>
Is this specifically to the nail-gun incident , or to all the recent banker suicides?
Statistically though all the incidents are irrelevant, however if one wants to see something in the stories he surely can.
Knowledge is the enemy of fear
Number 8 jumps off a building aimed his head at a pointy rock I hope , I'd want to jump from higher than 6 floors just to be thorough
"One reason banks are enamored with taking out policies on other people’s lives and keeping the practice as hush-hush as possible with the willing consent of regulators is that the gullible U.S. taxpayer who bailed out the banks to the tune of trillions of dollars from 2008 to 2010 and is now subsidizing too-big-to-fail through an implied permanent Federal backstop, is also subsidizing these death wagers. Both the buildup in the cash value of the policy over time and the payment of the death benefit are tax-free income to the bank; the more workers they insure, the more tax-free income they receive to help their bottom line; and the less corporations pay in their share of Federal income taxes, shifting more and more of the burden to the struggling middle class."
Natural forces of supply and demand are the best regulators on earth.
Many companies have life insurance policies on their employees.
the more workers they insure, the more tax-free income they receive to help their bottom line; and the less corporations pay in their share of Federal income taxes, shifting more and more of the burden to the struggling middle class
Somebody really stepped off the deep end there, but it is true that companies do receive some tax advantages.
But that was a good link for this conspiracy thread.
Knowledge is the enemy of fear
<< <i>One reason banks are enamored with taking out policies on other people’s lives and keeping the practice as hush-hush as possible
Many companies have life insurance policies on their employees. >>
Law allows a company to ensure a "key" employee, read the link and learn how JPM takes it to a whole new, profitable level.
<< <i>the more workers they insure, the more tax-free income they receive to help their bottom line; and the less corporations pay in their share of Federal income taxes, shifting more and more of the burden to the struggling middle class
Somebody really stepped off the deep end there, but it is true that companies do receive some tax advantages. >>
JPM receives the tax advantages stated and is at the same time robbing Americans of tax revenue. Appears their life insurance scam is quite profitable and tax free.
Of course you are more than welcome to point out any mistruths in the link (provided you read it before disparging it). Calling something a conspiracy theory because you disagree with it is a cheap shot. If you thinks something is a lie, grow a pair and says so.
Natural forces of supply and demand are the best regulators on earth.
robbing Americans of tax revenue. Appears their life insurance scam is quite profitable and tax free.
Indeed, JPM would not be able to survive without such windfalls. How much did they "steal", $10 million? $50 million? JPM made $59,000,000 per day in the last quarter--thank GOD all these people were "dismissed" otherwise they never would have met expectations and the stock would have collapsed!!!
Knowledge is the enemy of fear
<< <i>No mistruths. Just exaggerated words such as "robbing".
robbing Americans of tax revenue. Appears their life insurance scam is quite profitable and tax free.
Indeed, JPM would not be able to survive without such windfalls. How much did they "steal", $10 million? $50 million? JPM made $59,000,000 per day in the last quarter--thank GOD all these people were "dismissed" otherwise they never would have met expectations and the stock would have collapsed!!! >>
is not allowing a bank to profit, tax free, from the death of its general employees, a form of robbing Americans of tax revenue? These are lost taxes that must be collected from other sources - the very Americans being robbed. They are lost taxes because without such a lucrative tax free scam available, the insurance premiums would likely end up in taxable investments. Americans are without question being robbed of tax revenue by JPM's wagers on the lives of its employees.
Natural forces of supply and demand are the best regulators on earth.
Death benefits are tax free. There is no robbing of anyone. If everyone else had to pay taxes on death benefits but the banks did not, then I would be right along side you. But there is nothing illegal about a company having an insurance policy on an employee. In the banking industry there are many employees that contribute tens or hundreds of millions of dollar in revenue. Is it not prudent to insure that revenue stream?
I cant figure out what "tax revenue" is being robbed from the American people.
Knowledge is the enemy of fear
<< <i>is not allowing a bank to profit, tax free, from the death of its general employees, a form of robbing Americans of tax revenue
Death benefits are tax free. There is no robbing of anyone. If everyone else had to pay taxes on death benefits but the banks did not, then I would be right along side you. But there is nothing illegal about a company having an insurance policy on an employee. In the banking industry there are many employees that contribute tens or hundreds of millions of dollar in revenue. Is it not prudent to insure that revenue stream?
I cant figure out what "tax revenue" is being robbed from the American people. >>
If you had read the article you would have seen that JPM's abuse of their right to third party insure key employees, while insurance regulators turn a blind eye, results in them insuring ANY employee where they see potential profit. Windfall from this tax free abuse is what is robbing Americans of tax revenue.
Natural forces of supply and demand are the best regulators on earth.
Here is a list of companies that are believed to carry life insurance policies on their employees. http://deadpeasantinsurance.com/which-employers-bought-policies-on-the-lives-of-employees/
There is no law stating the policy can only be on "key" employess, and this actually is a practice that has been going on since the mid 1980's. http://online.wsj.com/public/resources/documents/dec_30_one.htm
If the concern is companies using "loopholes" to avoid paying taxes then must place blame on the legislative branch. Please dont tell me you have never used the law to reduce tax obligations.
Knowledge is the enemy of fear
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
Knowledge is the enemy of fear
<< <i>The uninformed mind sees shadows and conspiracies where the light of fact is absent. Cheers, RickO >>
Great quote ricko ........... How true it is !!!!!!!!
1 - William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.
2 - Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.
3 - Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.
4 - Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.
5 - Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.
6 - Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.
7 - Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.
8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.
9 - James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death
10 - Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train
11 - Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.
12 - Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.
13 - Li Jianhua, 49, the director of China's Banking Regulatory Commission died of a sudden heart attack
14 - Lydia _____, 52 - jumped to her suicide from the 14th floor of Bred-Banque Populaire in Paris
Knowledge is the enemy of fear
<< <i>Banking is a very stressful industry. >>
So tough that the Sherpa's stay away.
<< <i>Banking is a very stressful industry. >>
I can see stress leading to heart attacks , but not self inflicted nail gun wounds and base jumping without a chute.
<< <i>Appears jumping off a tall building is a preferred method for bankers. Why put yourself through a few seconds of panic and hell?... >>
Tradition???
http://www.newhealthguide.org/Highest-Suicide-Rate-By-Profession.html
Knowledge is the enemy of fear
No conspiracy here folks, move on along now.
<< <i>This is the 14th financial services exective death in recent months...
1 - William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.
2 - Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.
3 - Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.
4 - Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.
5 - Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.
6 - Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.
7 - Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.
8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.
9 - James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death
10 - Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train
11 - Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.
12 - Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.
13 - Li Jianhua, 49, the director of China's Banking Regulatory Commission died of a sudden heart attack
14 - Lydia _____, 52 - jumped to her suicide from the 14th floor of Bred-Banque Populaire in Paris >>
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
<< <i>Appears jumping off a tall building is a preferred method for bankers. Why put yourself through a few seconds of panic and hell? >>
More than a few think that they will fly.
"There is one other major obstacle to brushing away these deaths as random occurrences – they are not happening at JPMorgan’s closest peer bank – Citigroup. Both JPMorgan and Citigroup are global financial institutions with both commercial banking and investment banking operations. Their employee counts are similar – 260,000 employees for JPMorgan versus 251,000 for Citigroup. Both JPMorgan and Citigroup also own massive amounts of bank-owned life insurance (BOLI), a controversial practice that pays the corporation when a current or former employee dies. (In the case of former employees, the banks conduct regular “death sweeps” of public records using former employees’ Social Security numbers to learn if a former employee has died and then submits a request for payment of the death benefit to the insurance company.)"
Natural forces of supply and demand are the best regulators on earth.
"Key man insurance is an easily justifiable life insurance product for a business. That’s where the company insures the lives of its key principals whose loss would have a very real financial and operational impact. But BOLI and COLI have become known as dead peasant insurance because many companies are taking out policies on employees in bulk, often including rank and file workers. And there is evidence that companies grouse when workers have the temerity not to die as projected."
"And there is a growing amount of anecdotal evidence that dodgy things are happening with the billions invested in mortality bets on bank workers. Reports are surfacing that the banks have opened “separate accounts” and are personally managing the assets instead of paying out the premiums to an insurance company to manage. Ina Drew, the head of JPMorgan’s Chief Investment Office, reported on March 15, 2013 to the Senate’s Permanent Subcommittee on Investigations that her office was managing $9 billion of the company’s corporate owned life insurance portfolio. The Chief Investment Office is the division that lost $6.2 billion trading exotic derivatives in London with depositor funds from the FDIC insured bank in the U.S."
Natural forces of supply and demand are the best regulators on earth.