Third prominent banker found dead in six days < UPDATED

1 02 2014

UPDATE, Sept. 18 – O.K. – We give up. These dead bankers won’t quit.

We were going to look around for some new items and there are just too many to properly update this post. So we refer our readers to this DEAD BANKERS blog.

It will get added to the blogroll on the sidebar.

 

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.

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

We missed this one – “Last week, a U.K.-based communications director at Swiss Re AG died last week. The cause of death has not been made public.” from – Why Are Banking Executives In London Killing Themselves?

London Stunned By Spate Of Financial Worker Deaths

Chief economist’s apparent suicide is the latest in a series of bizarre deaths in the financial world this week  –  We missed this one too – “Monday, Jan. 27: Tata Motors managing director Karl Slym died after falling from a hotel room in Bangkok in what police said could be possible suicide.
Slym, 51, had attended a board meeting of Tata Motors’ Thailand unit in the Thai capital and was staying with his wife in a room on the 22nd floor of the Shangri-La hotel. Hotel staff found his body on Sunday on the fourth floor, which juts out above lower floors.”

See ALSO Jan. 28 post – Nothing Masonic About This London Bank Death

From Dec. 2011 –  Joseph P. Farrell: Just out of curiosity, the other day I started doing a search for dead bankers, and was amazed at what I found. < His list

 

UPDATE, Feb. 5

Before It’s News – 4th Banker ‘Suicided’ In A Week!

LINK –  http://youtu.be/1MMTy_72Puo

Feb. 15 – Before It’s News –   Following the Bodies: “We Are at the Precipice of Something So Big, It Will Shake the Financial World”

Feb. 18 – Does The Trail Of Dead Bankers Lead Somewhere?

Feb. 25 – Before It’s News – Gerald Celente On Bankster Suicides In Newly Released Video Report On ‘The Conspiracy Show’  < has video

April 8 – Dutch banker killed wife and daughter before suicide: police

(Reuters) – A Dutch banker killed his wife and younger daughter before committing suicide, police said on Monday.

Jan Peter Schmittmann, 57, who ran domestic operations at ABN AMRO when it was one of the largest banks in the world, was found dead at his home in the wealthy Amsterdam commuter town of Laren early on Saturday. . .

. . . . Schmittmann is the second former ABN AMRO executive to die in unusual circumstances in the past five years. In 2009, former chief financial officer Huibert Boumeester was found dead in woodland near London in an apparent suicide a year after he had left the bank. . . .

Aug. 28 – Bengladesh – Banker’s body found in two pieces

Police recovered the body of an official of a private bank cut into two pieces from Moglabazar level crossing in Dakkhin Surma upazila on Tuesday night, hours after he had gone missing.
The deceased is Samarendra Chandra Deb, a senior officer at the Beanibazar branch of Prime Bank.
He was resident of the village Hajiganj in Kulaura upazila of Moulvibazar.
Government railway police recovered the body and sent it to hospital morgue for an autopsy.
Beanibazar police officer-in-charge Abul Kalam Azad said Samarendra might have committed suicide.  <  !!!!

Aug. 29 (story April 17) – Liechtenstein on edge after banker’s murder

” . . . . a murder that rocked the country earlier this year. On April 7, Jürgen Hermann, a Liechtenstein national, shot dead Jürgen Frick, the CEO of a private bank of the same name in Balzers, a municipality to the south of the capital Vaduz.
Hermann, 58, lay in wait in the underground car park of the bank headquarters and shortly after 7am shot Frick several times. In so doing, he committed an act he had threatened for some years. Hermann blamed the 48-year-old banker for the collapse of his 56 million Swiss franc fortune (£37 million), made from his successful invention of a technical device that warns divers about the bends. . . . “

Aug. 22 – England – Railway suicide Brentwood banker Neil Roeper ‘had mental illness’

Found dead on railroad tracks and they called it suicide …” post-mortem examination that was carried out at Basildon Hospital concluded his death due to multiple injuries.”

 

There are more article on the topic at Before It’s News.


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Ron Paul’s Federal Reserve Audit Bill Passes House by Overwhelming Vote

26 07 2012

Huff Post has this – (with VIDEO)

By Jennifer Bendery

Federal Reserve Audit Bill Overwhelmingly Passes The House

WASHINGTON — In a rare moment of bipartisanship, the House overwhelmingly passed a bill by Rep. Ron Paul (R-Texas) to audit the Federal Reserve.

The bill, which has 270 co-sponsors, passed 327 to 98. All but one Republican — Rep. Bob Turner of New York — voted for it, along with 89 Democrats. . . .

. . .  Rep. Dennis Kucinich (D-Ohio) pointed out that the House vote on the bill comes on the same day that the Washington Post reported that the New York Fed “did not communicate in key meetings with top regulators that British bank Barclays had admitted to Fed staffers that it was rigging LIBOR,” the index which sets interest rates worldwide. . .

http://www.huffingtonpost.com/2012/07/25/federal-reserve-audit-bill_n_1702879.html


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Global Financial Fraud and its Gatekeepers

16 07 2012

By Naomi Wolf

Last fall, I argued that the violent reaction to Occupy and other protests around the world had to do with the 1%ers’ fear of the rank and file exposing massive fraud if they ever managed get their hands on the books. At that time, I had no evidence of this motivation beyond the fact that financial system reform and increased transparency were at the top of many protesters’ list of demands.

But this week presents a sick-making trove of new data that abundantly fills in this hypothesis and confirms this picture. The notion that the entire global financial system is riddled with systemic fraud – and that key players in the gatekeeper roles, both in finance and in government, including regulatory bodies, know it and choose to quietly sustain this reality – is one that would have only recently seemed like the frenzied hypothesis of tinhat-wearers, but this week’s headlines make such a conclusion, sadly, inevitable. . .  (more)

http://uruknet.info/?p=m89578&hd=&size=1&l=e

AND – By Dick Destiny

“The preeminent national security challenge faced by this country is devolution into the equivalent of a banana republic with the largest military in world history and all the implications of that for stability and, ahem, the preservation of economic well-being. The future disappeared for millions, right in front of their eyes, between 2007 and 2008. What’s left is still dribbling away.”


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Fed Members Gave Their Own Banks $4 Trillion In Secret Bailouts

21 06 2012

From Alexander Higgins –

Details of a GAO audit of the Federal Reserve’s eye-popping secret $16 trillion-dollar bailout reveals that Federal Reserve board members gave their own banks $4 trillion.

. . .  (more) + List of beneficiaries –

http://blog.alexanderhiggins.com/2012/06/14/fed-members-gave-banks-4-trillion-secret-bailouts-146821/

 


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Secret US Bank Bailout Price – Over $7.7 TRILLION

10 12 2011

Bloomberg News did an exposè –

. . .  the Fed had committed US $7.77 trillion in below-market loans and guarantees to rescuing the financial system; and that these nearly interest-free loans came without strings attached.

The Fed insisted that the loans were repaid and there have been no losses, but the Bloomberg report said the banks reaped a $13 billion windfall in profits; and “details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.” . . .  (more)

http://www.atimes.com/atimes/Global_Economy/ML10Dj03.html

and we like this part of the article:

To fix the system, the profits need to be returned to the 99%. How that could be done was suggested by radio host and political commentator Thom Hartmann in a recent editorial:

Have the central bank owned by the US government and run by the Treasury Department, so all the profits … go directly into the Treasury and you and I pay less in taxes…

For a model on the local level, he pointed to the Bank of North Dakota:
The good people of North Dakota … established something very much like this – the Bank of North Dakota – and it’s kept the state in the black, and kept its farmers, manufacturers and students protected from the predations of New York banksters for nearly a century. It’s time for every state to charter their own state bank, just like North Dakota did, and for the Treasury Department to either buy the Fed from the for-profit banks that own it, or simply nationalize it.

End the Fed, end the problem – F.C.


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The Secret Patriot Act + A99 Operation Empire State Rebellion

3 07 2011

From Stone Fruit

A99 Operation Empire State Rebellion – Communication #1

“I’m talking about instances where the government is relying on secret interpretations of what the law says without telling the public what those interpretations are,” Ron Wyden (D-Oregon) says, “and the reliance on secret interpretations of the law is growing.”    (more + VIDEO)

http://stonefruit.blogspot.com/2011/05/a99-operation-empire-state-rebellion.html 


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China dumps 97% of its holdings in US treasury bills

8 06 2011

We missed this one!  Here’s the item from Rajaten’s Blog

(CNSNews.com) – China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.
Treasury bills are securities that mature in one year or less that are sold by the U.S. Treasury Department to fund the nation’s debt.
Mainland Chinese holdings of U.S. Treasury bills are reported in column 9 of the Treasury report linked here.
Until October, the Chinese were generally making up for their decreasing holdings in Treasury bills by increasing their holdings of longer-term U.S. Treasury securities. Thus, until October, China’s overall holdings of U.S. debt continued to increase.
Since October, however, China has also started to divest from longer-term U.S. Treasury securities. Thus, as reported by the Treasury Department, China’s ownership of the U.S. national debt has decreased in each of the last five months on record, including November, December, January, February and March.
Prior to the fall of 2008, acccording to Treasury Department data, Chinese ownership of short-term Treasury bills was modest, standing at only $19.8 billion in August of that year. But when President George W. Bush signed legislation to authorize a $700-billion bailout of the U.S. financial industry in October 2008 and President Barack Obama signed a $787-billion economic stimulus law in February 2009, Chinese ownership of short-term U.S. Treasury bills skyrocketed.
By December 2008, China owned $165.2 billion in U.S. Treasury bills, according to the Treasury Department. By March 2009, Chinese Treasury bill holdings were at $191.1 billion. By May 2009, Chinese holdings of Treasury bills were peaking at $210.4 billion.
However, China’s overall appetite for U.S. debt increased over a longer span than did its appetite for short-term U.S. Treasury bills.
In August 2008, before the bank bailout and the stimulus law, overall Chinese holdings of U.S. debt stood at $573.7 billion. That number continued to escalate past May 2009– when China started to reduce its holdings in short-term Treasury bills–and ultimately peaked at $1.1753 trillion last October.
As of March 2011, overall Chinese holdings of U.S. debt had decreased to 1.1449 trillion. . .   (more)

http://rajaten.com/2011/06/04/china-dumps-97-of-its-holdings-in-us-treasury-bills/

 

UPDATE  June 11

Chinese ratings house: U.S. government already defaulting on debts 

A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order.  . . .

http://www.rawstory.com/rs/2011/06/10/chinese-ratings-house-u-s-government-already-defaulting-on-debts/ 

 


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