Posts tagged suicide
Why Are Banking Executives In London Killing Themselves?
Bankers committing suicide by jumping from the rooftops of their own banks is something that we think of when we think of the Great Depression. Well, it just happened in London, England. A vice president at JPMorgan’s European headquarters in London plunged to his death after jumping from the top of the 33rd floor. He fell more than 500 feet, and it is being reported by an eyewitness that “there was quite a lot of blood“. This comes on the heels of news that a former Deutsche Bank executive was found hanged in his home in London on Sunday. So why is this happening? Yes, the markets have gone down a little bit recently but they certainly have not crashed yet. Could there be more to these deaths than meets the eye? You never know. And as I will discuss below, there have been a lot of other really strange things happening around the world lately as well.
But before we get to any of that, let’s take a closer look at some of these banker deaths. The JPMorgan executive that jumped to his death on Tuesday was named Gabriel Magee. He was 39 years old, and his suicide has the city of London in shock…
A bank executive who died after jumping 500ft from the top of JP Morgan’s European headquarters in London this morning has been named as Gabriel Magee.
The American senior manager, 39, fell from the 33-story skyscraper and was found on the ninth floor roof, which surrounds the Canary Wharf skyscraper.
He was a vice president in the corporate and investment bank technology department having joined in 2004, moving to Britain from the United States in 2007.
What would cause a man in his prime working years who is making huge amounts of money to do something like that?
The death on Sunday of former Deutsche Bank executive Bill Broeksmit is also a mystery. According to the Daily Mail, police consider his death to be “non-suspicious”, which means that they believe that it was a suicide and not a murder…
A former Deutsche Bank executive has been found dead at a house in London, it emerged today.
The body of William ‘Bill’ Broeksmit, 58, was discovered at his home in South Kensington on Sunday shortly after midday by police, who had been called to reports of a man found hanging at a house.
Mr Broeksmit – who retired last February – was a former senior manager with close ties to co-chief executive Anshu Jain. Metropolitan Police officers said his death was declared as non-suspicious.
Last week, a U.K.-based communications director at Swiss Re AG died last week. The cause of death has not been made public.
Perhaps it is just a coincidence that these deaths have all come so close to one another. After all, people die all the time.
And London is rather dreary this time of the year. It is easy for people to get depressed if they are not accustomed to endless gloomy weather.
If the stock market was already crashing, it would be easy to blame the suicides on that. The world certainly remembers what happened during the crash of 1929…
Historically, bankers have been stereotyped as the most likely to commit suicide. This has a lot to do with the famous 1929 stock market crash, which resulted in 1,616 banks failing and more than 20,000 businesses going bankrupt. The number of bankers committing suicide directly after the crash is thought to have been only around 20, with another 100 people connected to the financial industry dying at their own hand within the year.
But the market isn’t crashing just yet. We definitely appear to be at a “turning point“, but things are still at least somewhat stable.
So why are bankers killing themselves?
That is a good question.
As I mentioned above, there have also been quite a few other strange things that have happened lately that seem to be “out of place”.
“Have an exit plan…”
What in the world does he mean by that?
Maybe that is just a case of Drudge being Drudge.
Then again, maybe not.
And on Tuesday we learned that a prominent Russian Bank has banned all cash withdrawals until next week…
Bloomberg reports that ‘My Bank’ – one of Russia’s top 200 lenders by assets – has introduced a complete ban on cash withdrawals until next week. While the Ruble has been losing ground rapidly recently, we suspect few have been expecting bank runs in Russia.
Yes, we have heard some reports of people having difficulty getting money out of their banks around the world lately, but this news out of Russia really surprised me.
Yet another story that seemed rather odd was a report in the Wall Street Journal earlier this week that stated that Germany’s central bank is advocating “a one-time wealth tax” for European nations that need a bailout…
Germany’s central bank Monday proposed a one-time wealth tax as an option for euro-zone countries facing bankruptcy, reviving a idea that has circled for years in Europe but has so far gained little traction.
Why would they be suggesting such a thing if “economic recovery” was just around the corner?
According to that same article, the IMF has recommended a similar thing…
The International Monetary Fund in October also floated the idea of a one-time “capital levy,” amid a sharp deterioration of public finances in many countries. A 10% tax would bring the debt levels of a sample of 15 euro-zone member countries back to pre-crisis levels of 2007, the IMF said.
So what does all of this mean?
I am not exactly sure, but I have got a bad feeling about this – especially considering the financial chaos that we are witnessing in emerging markets all over the globe right now.
This article first appeared here at the Economic Collapse Blog. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.
Image credit: http://theeconomiccollapseblog.com
By Rebecca Shabad
Senate staffer arrested on child pornography charges found dead
The former chief of staff to Sen. Lamar Alexander (R-Tenn.) who was arrested on child pornography charges last month has been found dead in a suicide.
Jesse Ryan Loskarn, 35, hanged himself in his parents’ house in Sykesville, Md., according to a spokesperson for Maryland’s office of the chief medical examiner.
Authorities found Loskarn’s body on Thursday after responding to a call at approximately 12 p.m., according to a statement from the Carroll County Sheriff’s Department.
A preliminary investigation indicated that Loskarn had committed suicide, and the body was then transported to the State Medical Examiner’s Office for an autopsy.
Good News: Judge Orders U.S. to Release Aaron Swartz’s Secret Service File
What is so disturbing about this aspect of the Aaron Swartz tragedy is the fact that the Secret Service had thousands of pages on Aaron Swartz to begin with. Considering he was known to all as a kind and gentle soul, what was the Secret Service so worried about?
Unfortunately, the truth of the matter is now inescapably clear. When the U.S. government refers to “national security,” what it actually means is the wealth and power of the status quo, the 0.01%. That is why a genius such as Aaron Swartz was considered an enemy of the state, and why the government amassed thousands of pages on him and drove him to his death. His genius and kindness was a threat to the corrupt establishment. As I’ve noted before: All My Heroes Have FBI Files. From Wired:
A federal judge in Washington, D.C. on Friday ordered the government to promptly start releasing thousands of pages of Secret Service documents about the late activist and coder Aaron Swartz, following months of roadblocks and delays.
The order was issued in my ongoing FOIA lawsuit against the Department of Homeland Security – the Secret Service’s parent agency.
It was Secret Service agents who, in 2011, investigated Swartz’ bulk downloads from the JSTOR academic database, leading to the computer hacking and wire fraud case that loomed over Swartz at the time he committed suicide in January.
That criminal case was formally dismissed after Swartz’s death. Yet in February, the Secret Service denied in full my request for any files it held on Swartz, citing a FOIA exemption that covers sensitive law enforcement records that are part of an ongoing proceeding.
Judge Kollar-Kotelly is giving the government until August 5 to answer the lawsuit and produce a timetable for releasing all the responsive documents. In the meantime, the government has to start releasing the files it’s already processed. You’ll see them here when I get them.
Full article here.
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The co-founder of social news website Reddit committed suicide in New York City on Friday. Aaron Swartz was facing a controversial trial over the alleged violation of the Computer Fraud and Abuse Act. He faced decades in prison and a $1 million fine.
“The tragic and heartbreaking information you received is, regrettably, true,” Swartz’ attorney, Elliot R. Peters, said in an email to The Tech.
The 26-year-old was the co-founder of Reddit and executive director of Demand Progress, a website that focuses on policy changes for civil liberties, civil rights, and government reform in the US.
Swartz was also a renowned programmer. By the age of 13, he created his first web application which was essentially the same idea as Wikipedia, according to his website.
In 2011, Swartz was charged with allegedly stealing more than four million academic journals from JSTOR, an archive of scientific journals and academic papers, via an open connection at the Massachusetts Institute of Technology (MIT).
He faced 13 felony charges, including breaching site terms and intending to share downloaded files through peer-to-peer networks, computer fraud, wire fraud, obtaining information from a protected computer, and criminal forfeiture. He was also accused of evading MIT’s attempts to kick his laptop off the network while downloading millions of documents from JSTOR.
Many say the lawsuit is unfounded because MIT allows guests access to JSTOR – and Swartz, who was undertaking a fellowship at Harvard’s Safra Center for Ethics at the time of downloading, was a guest.
The case has also been deemed highly controversial because it wasn’t JSTOR – the alleged victim in the case – which referred Swartz to the federal government, according to the company’s vice president of Marketing and Communications, Heidi McGregor. She says JSTOR was content once it reclaimed the works from Swartz.
“We stopped this downloading activity, and the individual responsible, Mr. Swartz, was identified. We secured from Mr. Swartz the content that was taken, and received confirmation that the content was not and would not be used, copied, transferred, or distributed,” the company said in its statement on the prosecution.
The statement went on to say that the investigation was directed by the United States Attorney’s Office.
And while the US government was threatening Swartz with decades in prison and a hefty fine, some say the move was entirely unfounded.
“This makes no sense. It’s like trying to put someone in jail for allegedly checking too many books out of the library,” Demand Progress Executive Director David Segar said in a statement, as quoted by Wired magazine.
“It’s even more strange because the alleged victim has settled any claims against Aaron, explained they’ve suffered no loss or damage, and asked the government not to prosecute,” Segal said.
By Lori Stacey
The real sequence of events leading up to the Rand Paul announcement
Make no mistake about it, the pundits claiming that Rand Paul’s endorsement of Mitt Romney would be good for his political future in the long-run are absolutely wrong. In my opinion, Rand Paul just committed political suicide and we may never know all the reasons behind his decision or the timing of this disastrous announcement. Rumors had been widely circulating that there were serious death threats upon his father, Ron Paul. There has also long-been claims that many on Ron’s paid campaign staff have been undermining his campaign, all along. At this point, we do not know whether Rand came to this decision as a result of bad people around him giving him terrible advice or if he was the sacrificial lamb trying to take the heat off of his father.
It was somewhat interesting that Rand made a point to mention that his conversation with Romney occurred in Washington. Could this have been his way of confirming four witnesses’ claims of seeing Mitt Romney at the Bilderberg Group’s secretive meeting in nearby Virginia? He also knows that the social conservative base has been hard for his father to win over. Mentioning about how much the Romneys and Pauls have in common regarding family values was a bit odd considering the question but delivering it to a Sean Hannity audience was also quite interesting.
The real sequence of these events seems to have been misunderstood. Let us remember that Rand Paul met with Romney days before Ron Paul sent out an email claiming that he will not have enough delegates to win the nomination. I believe the email was actually an attempt to try to soften the blow of his son’s endorsement that Ron would have to be politically savvy enough to realize would be a huge mistake. As a statesman that has fought his entire career to promote the original principles of our constitution and the individual freedom and liberty of the American people, it would be expected that he probably gives his son the individual respect to make his own decisions as an adult. He probably tried to talk him out of it, but we may never know that part of the story. Regardless, the email may likely have been an attempt to lessen the blow of his son’s decision giving the pundits the reasoning that he did not officially endorse Romney until after his father’s email. Although the public announcement was made after the email, the decision to endorse Mitt Romney was probably made before it.
US Military Issues Warning to Ron Paul Supporters – But They’ll Never Stop us. March on!
Uploaded by AdamKokesh on Feb 16, 2012
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