Share on Google Plus Share on Twitter Share on Facebook 11 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 10 (21 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   14 comments, In Series: Banking

General News

They're dropping like flies: 3 bankers dead by apparent suicide in 6 days

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; ; ; ; , Add Tags Add to My Group(s)

News 6   Valuable 4   Well Said 3  
View Ratings | Rate It

opednews.com Headlined to H2 2/3/14

Become a Fan
  (70 fans)
- Advertisement -
From http://www.flickr.com/photos/60513726@N03/8479956741/: HSBC_valentinesdemo_DSC_0129
HSBC_valentinesdemo_DSC_0129
(image by Michael Fleshman)
  DMCA


3 apparently unrelated banker suicides among the world's banking elites have occurred in just 6 days.
The latest was Mike Dueker, the chief economist at Russell Investments.
Bloomberg reports:

Dueker worked at Seattle-based Russell for five years, and developed a business-cycle index that forecast economic performance. He was previously an assistant vice president and research economist at the Federal Reserve Bank of St. Louis.

He published dozens of research papers over the past two decades, many on monetary policy, according to the St. Louis Fed's website, which ranks him among the top 5 percent of economists by number of works published.



Before that, William Broeksmit, a former senior manager at Deutsche Bank, was found hanging in his home, apparently another suicide.

On January 28, "A vice president in technology operations, Gabriel Magee, died after falling from JPMorgan Chase & Co. (JPM)'s London headquarters, the bank said today," reports Bloomberg Technology.
- Advertisement -


What does this mean, if anything?  The Dow is down 6% in the new year, the worst month in 4 years for the DOW, but this is hardly earth-shattering, and not even an official correction.  Also well-known and anticipated for months, if not years, the Federal Reserve has begun tapering its stimulus (critics say "steroids") program known as Quantitative Easing (QE1 - QE3) designed to inject liquidity into the banks, but really, a money hose for the asset markets.

Predictably, the conspirosphere is humming with speculation that this is a harbinger of a Great Crash (or, perhaps, Great Crash III, since we've had 2 50% stock market crashes in the last 14 years - an unprecedented pair of collapses not even seen in the Great Depression, when the stock market collapsed 80%, but more or less stayed there, not reaching its old height for 29 years).

But then again, the conspirosphere is always connecting the dots in some apocalyptic way on the interwebs.  In contrast, some bankers, like Jamie Dimon, are doing quite well.  In any case, it's an inauspicious start to the new year and a trend worth watching.  Will this open a new futures market in banker longevity?  Don't put it past Wall Street, which will bet on anything these days, to start a Dead Pool.

 

http://newthinking.blogspot.com/

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles was published by Tayen Lane Publishing (March, 2015) and may be found here:
https://tayen-lane.squarespace.com/america-is-not-broke/

Scott is President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Obama Explains the FEMA Camps

Was Malaysian Flight MH370 Landed Safely in Afghanistan?

Let the Sun Shine on a State Bank in Florida

Batman, The Dark Knight Rises...and Occupy Wall Street Falls

The Least Productive People in the World

The continuing plight of Malaysian Flight MH370 - 2 month update

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
9 people are discussing this page, with 14 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

possibly whistleblowers that were suicided by thei... by zon moy on Monday, Feb 3, 2014 at 1:14:04 PM
It's possible. But it's just like back in 1929 - m... by Guglielmo Tell on Monday, Feb 3, 2014 at 2:07:43 PM
Cute spin.  The bankers who committed suicid... by Mark Adams JD/MBA on Tuesday, Feb 4, 2014 at 12:14:28 PM
I read awhile back that 7 of the  10 richest ... by Bob Gormley on Monday, Feb 3, 2014 at 2:05:39 PM
Remember that mogul from St. Louis who threw himse... by Guglielmo Tell on Monday, Feb 3, 2014 at 2:28:33 PM
Riches also cannot buy the type of security that i... by Mark Adams JD/MBA on Tuesday, Feb 4, 2014 at 12:22:08 PM
_Interesting article_________A Jewish friend of mi... by jean labrek on Monday, Feb 3, 2014 at 5:47:51 PM
My first reaction was, let's hope it's a trend. Ba... by intotheabyss on Monday, Feb 3, 2014 at 6:50:22 PM
It is why I am almost hoping that it is foul play ... by zon moy on Monday, Feb 3, 2014 at 7:58:53 PM
And one more:  Financial world shaken by 4 b... by Jim Miles on Monday, Feb 3, 2014 at 9:36:15 PM
The plot thickens.The original article by Pam Mar... by Scott Baker on Tuesday, Feb 4, 2014 at 10:40:12 AM
Now, 4 deaths, if you include a Tata Motors Managi... by Scott Baker on Thursday, Feb 6, 2014 at 9:25:50 AM
Another death, this time of an Title Insurance com... by Scott Baker on Sunday, Feb 9, 2014 at 5:06:32 PM
Interesting but unclear whether this is indicative... by Robert Cogan on Wednesday, Feb 12, 2014 at 8:54:34 AM