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Head Of Communications At Italy's Scandal-Ridden Banca Monte Paschi Has Committed Suicide
It has been several weeks since the name Monte Paschi, likely the most bailed out Italian bank in history, not to mention the oldest bank in the world, graced these pages: with the Italian elections now over and BMPS' political utility as leverage against Italy's Democratic Party finished, we expected that the next time we would read, and write, about it would be the next time it would need a bailout (its fourth in the past four years) sometime in the next 3 to 6 months. Sadly, Monte Paschi is squarely back on the front page following news moments ago that David Rossi, the head of communications at the bank, committed suicide by jumping off the building.
From La Repubblica:
David Rossi, head of communication of Banca Monte dei Paschi di Siena, was killed this evening by jumping from one office to the headquarters of the institute in Rocca Salimbeni. Rossi, 51, was the longtime collaborator of the former Number 1 at Monte Paschi, Giuseppe Mussari. Rossi had been raided ten days ago in the investigation on Monte but was not investigated. On the spot, in addition to the police, it's 118, but the relief effort was useless.
Rossi was for many years a man of representation of MPS and its former president. Among his other responsibilities were marketing and communications.
While we have no knowledge of what personal, or professional, matters may have plagued the young man shown in the picture, if this terminal act of desperation is in fact related to the ongoing inquiry against the bank, then it is very likely that things in Italy are about to get very ugly very fast once more.
Some more from the Italian press:
The association with Mussari was started since 2001, when the former president of MPS and Abi was head of the Foundation, the reference shareholder with 34.9% stake in the bank, and Rossi was responsible for the communication of the institution. No left to imagine the dramatic climax, colleagues who had also contacted in recent days for the latest news on the institution of credit had responded with the same friendliness and professionalism of all time.
Rossi, married, had two children and was well known in the city.
Its commitment to the bank manager, joined also the vice president of the International Center of Art and Culture of Palazzo Te and a member of the board of directors of paint for cultural projects.
In a basket in his office investigators have found a crumpled piece of paper. Above, according to reports, it was written: 'I made ??a bullshit'.
A bullshit big enough to take one's life over, and to deprive two children of their father?
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shit's about to go down then.
Kills himself before the people could string him up to the light poll
Reminds of the scene from Hanibal when he hangs Pazzi out of the window.
“Banker” a leaping.. maybe.
But if he was just the mouthpiece he had a no-win job that forced him into the moral conflict of lying to make a living.
He may be a victim rather than a villain.
Just my 2c..
Was there a dead paschi bounce? I heard thats what happens.
Suicide my arse!
no hot tub....no suicide
Long suicide nets
Lets see some dirty American banker take his own life. Then thats real news.
Italian Federalie Homocidi Politzi Inspector, Guido Whoazamadda was overheard discussing a note found in the deceased Ponch's jacket pocket of a hand drawn map to the Blackfriar's Bridge in the City of London.
Rossi was the Head of Communications.
I wonder what he was trying to say.... other than aaaahhhhhhhh!!! that is...
Regards,
Cooter
Literally: http://farm4.staticflickr.com/3014/2907411559_117ac480b5.jpg
Very, very few people jump from a building when comitting suicide.
Perhaps these bankers are being suicided...
http://news.bbc.co.uk/2/hi/uk_news/england/london/4700431.stm
...and see how the head of IT at the Bank of England died of multiple stab wounds that he inflicted to his chest. What could the head of IT possibly know? ...
“A FATHER of three stabbed himself to death in a secluded car park after coming under overwhelming stress at the Bank of England, an inquest heard.
The body of Christopher Dymond, who worked as a manager in the bank's IT section, was discovered miles from his family home in Shenfield, after a police hunt led officers to Herongate Athletic Football Club in the early hours of Sunday, April 22...
...A postmortem examination found he died of self-inflicted stab wounds to his chest and cuts to his arms. He had consumed a degree of alcohol before his death.”
http://www.thisistotalessex.co.uk/Distressed-father-took-life/story-16479029-detail/story.html#axzz2Mnod6hxq
nobody "jumps" in italia.
Lets not forget this crap has dragged some basically good people down as well. I'll wait before passing judgement. What the hell is Head of Communications anyway?? So maybe he lied about some things. I don't want blood from this guy. Where are the truly guilty?? The ones that Caused this crap to happen. You know how this works. They hire some scapegoat to take the fall. No pun intended. In engineering they hire a compliance or safety director. Maybe he was just another sheep led to the slaughter.
Roberto Calvi 2.0
...........................Between him and Chavez that's alot of IOU's.
Dead men tell no tales, and this man could have told many.
These "events" usually happen in "thresomes".
I'm hoping that Fidel Castro is next.
My thinking is that soldiers that commit suicide often do so because they still have a conscience.
Perhaps David Rossi did.
Of course he can't testify now, too.
that's fucked up. even with the biggest imagination, this is a stretch
stabbing oneself to death ... yeah right.
it cannot be done once, never mind multiple times and multiple stab wounds.
the art of harikiri needs skilfull practice
what a bunch of fucking bullshit from the UK media
Just like the nurse who committed "suicide" who belived a radio station jockey was the queen of england and let her through to Kate's private room nurse. http://www.foxnews.com/entertainment/2012/12/13/coroner-says-nurse-in-ka...
Rossi?? You mean Carlo Rossi? Drink a jug of that stuff and you'll wish you could jump off a building.
He didn't know anything, there is nothing to know....he was having a bad day, bad week, his girfriend broke up with him, his dog died, the sun was in is eyes, there was a rock in his shoe. I wonder how long it will take for this mystery to truly unravel...betting pool anyone? I give it 14 days.
The translation is very "telling"
He threw the office. Trash
a note: "I made ??a bullshit" had been searched in the investigation, but was not investigated
David Rossi, head of communication of Banca Monte dei Paschi di Siena, was killed this evening by jumping from one office to the headquarters of the institute in Rocca Salimbeni. Rossi had been raided ten days ago in the investigation on Monte but was not investigated. Rossi, according to reports, was thrown from the window of his office fell in the courtyard of Rocca Salimbeni. On the spot, as well as the police, the 118, but the relief effort was useless.
Trash the office of David Rossi investigators have found a crumpled piece of paper. Above, according to reports, was penned: "I made a bullshit." This is the only stop in less than two hours from each other. This investigation of the Monte dei Paschi di Siena, on 19 February, the Guardia di Finanza raided the apartments of former President Joseph Mussari del'ex and general manager of the institute, Antonio Vigni. On the same day the financiers presented themselves at home and in the office of David Rossi although not investigated.
http://www.lastampa.it/2013/03/06/italia/cronache/mps-suicida-david-rossi-il-capo-della-comunicazione-YXIulpZFNgkMrz47Q1UphK/pagina.html
Say what?
Sounds for all intents and purposes like one of Krugman's explanations of things maybe economic but we're not sure.
"I made a bullshit."
Translated: I lied my face off.
http://www.youtube.com/watch?v=f-vwe28p9JE
"after being confronted by the truth." no one simply "lies." in fact we spend most of our lives telling the truth...we just take that simple fact for granted. "until confronted." by whom? For what? "these things are never answered." there was the Pentagon Papers...and needless to say after the Cold War abruptly ended Defense Secretary McNamara had to answer to that...
I'll bet he beat the crap out himself, dragged himself up to the roof instead of walking, then smashed himself in the face a few times before he jumped further from the building than a person on his own could normally jump.
It's amazing how many lieutenants die from 'friendly fire.'
Always handy when someone else makes your comment.
Yer in a country run by the Mafia this bloke jumped by his own accord.
I got a flying pig to sell ya.
Shorting nets. Long awnings.
unless he didn't own a hot tub.
they ment "Suicided"
"Assisted" suicide
you mean suicide-ed!
Suicide *wink* *wink*
NOOOOOOOO banker has the balls to kill them self!
This guy was wacked before he could squeel!
He pulled an "Admiral Nelson" like a real hero, now name a bank after him for Cheesus' sake...
THX -- You beat me to that joke by |---| that much!!!
The day will come when it starts raining bankers on wall street
I just hope they don't stain the sidewalk.
It would be a good day then
Time to redo the song It's Raining Men into It's Raining Bankster Men.
http://www.youtube.com/watch?v=u-n9Zdf19-c
Jump You Fuckers! http://www.youtube.com/watch?v=yge311sFhC8
That's mighty spiritual of ya', Doc. :)
That should be our national anthem.
BAZINGA!
Imagine yourself believing the very bullshit you have to communicate to the outside world . Dumb yes, crazy maybe
if it is thick BS from a big bank. In that case this was an easy way out.
Manthong said:
Your description of his employment as a no-win job raises an interesting point. It is conceivable that a man who was absolutely convinced that his life was a no-win situation would opt for suicide.
We know that he (presumably meaning his office) "had been raided" ten days ago as part of an ongoing investigation of the bank. We also know that he was not the target of the investigation.
On the surface, this is not a no-win situation. It certainly doesn't appear to be sufficient cause for a man with a wife and children to take his own life. If the investigation eventually revealed wrongdoings on his part, he might have been facing some prison time. At this early stage in the process, I don't believe this prospect would be enough to prompt his suicide either.
There are other factors involved here. In the course of the ongoing investigation of Banca Monte Paschi it would be no surprise, given his position there, if he were eventually asked to provide some sort of testimony.
It is easy to picture someone not wanting him to provide such testimony making threats (in stereotypical Edward G. Robinson gangster style) against him and/or his family. Still, though, this does not create a no-win situation, since he could simply comply with the threat and say nothing.
However, a no-win situation could be created if competing guilty factions were threatened by the investigation. As an example, let's say that two hypothetical organized crime mobs, the Democratto family and the Republicani family, are involved.
The Democratto family wants him to testify and they threaten to kill him if he doesn't. The Republicani family wants him to keep his mouth shut. In addition to their own death threat, they threaten to kidnap his wife and children and sell them to wealthy Saudis as sex slaves.
Presto, a no-win situation.
As Tyler said, "if this terminal act of desperation is in fact related to the ongoing inquiry against the bank, then it is very likely that things in Italy are about to get very ugly very fast once more."
They must have accidentally CC'd him on the email letting everyone else know he was going to be the scape goat.
Right, it was all his fault, but they can't question him anymore. Case closed. None will go to jail, all will be fine.
I was thinking he figured out that he was the scapegoat, but who knows, they are Italians ...
Well . . . .they claim he's committed suicide, but remember shortly after Sergey Aleynikov (the $400,000 per year Goldman Sachs' employee who allegedly made off with their "black box" software code for manipulating the markets) downloaded this software to an ISP in the U.K., the former CEO of ABN AMRO (Dutch bank, and Dutch dood) committed "suicide" by a shotgun blast to the back of his head -- in an area south of London, and several days later, an Indian-Brit, from the Deutsche Bank trading desk in London, committed "suicide" by jumping off the top of a roof-top restaurant in London?
It turned out that the Indian-Brit, a young and talented fellow, had interned while in college for that Dutch dood, and Sergey's download (which, BTW, he's being charged for a second time --- evidently the law of "double jeopardy" has been waived for Goldman Sachs as no laws apparently pertain to those ultimate crooks) all occurred within proximity of each other. (ABN AMRO had been sold quite a bit of worthless junk paper [a k a, credit derivatives] by Goldman.)
Time to resuscitate that "Dead Bankers List" again!
Speaking of dead Dutch bankers don't forget Duisenberg the first head of the ECB who died in his storm tossed swimming pool!
"Kills himself before the people could string him up to the light poll"
Hey, a wins a win right?
Is it wrong not to care until Bernanke jumps out of the helicopter...?
no doubt that prick has screwed millions of people like all those fuckers.
Yep, reap what thyne sows
Well a bit of decency would not hurt. This man felt really bad for what happened. So bad that he decided to commit suidice. This is the ultimate guilt feeling, so no bad mouthing here. You can bad mouth all the guys who say they feel bad about what happened. But this guy proved he really suffered so much from what happened that he killed himself. He decided to sentence himself for what happened. Case closed. Respect please.
Either what he did and knows is so big that he's afraid of that (remember Mussolini), or someone gave him a helping hand going out the window since the cops where going back to talk to him later. This is going to be big.
Was he really pushed off the building?
How many Chicago cops does it take to shove a man down a stairwell?
None - he fell.
"Head of Communications" is hardly a banker running numbers.
Now by "Communications" does that mean internal or external?
It means he knows a bit too much. And when he gets raided and is not charged, it means he's cooperating.
Correction: He KNEW too much
Correction: Only he knew. All others are completely innocent. Case closed.
To the rest of you banksta niggas you better save extra copies/files of the crimes you participated in and threaten to release same if found dead or you may be next.
Like the Ben Franklin quote, "We must all hang together, or assuredly we will all hang separately."
+1 Thanks RP.
Jumped,pushed,helped.
'What does it matter now".
He obviously jumpeed in reaction to a YouTube video.
Check on the whereabouts of ECB security or Draghi's personal bodyguard.
Let the bodies hit the floor.
LOL, I always think of this:
http://www.youtube.com/watch?v=5lvU-DislkI
Even better:
http://www.youtube.com/watch?v=7jGbtIdOZ-M&feature=youtu.be
Awesome. Fuckin' parrots, how do they work?!
Thx Mr.MP. That shit was hilarious. I was expecting Drowning Pool.
...from 500 feet high.
<-- Die, bankers, die! (or, Fly, bankers, fly!)
<-- I heart bankers!
Will this guy be the first of many? Something tells me for whatever reason that European bankers are more likely to commit suicide than American bankers, probably due to the fact that no serious prosecution of an American banker is likely thanks to (Cock)Holder.
Italy. Mafia. Banco Monte Pasche. GS. Raid. Cooperate. Dead.
Questions who runs Bartertown?
Someone had to hit the down arrow. I like winning sometimes
EURUSD just shit the bed, a bit?
It's raining men...
Wall Street needs to get some raining men already. So is DC.
What do you call 10,000 bankers who kill themselves? A good start.
Hey, watch it. You are plagerizing. You stole it from a banjo joke. Prepare to receive a wad
of tobacco juice.
sounds like " the shit DID go down" there......................................
Italians eat at IKEA too?
Check it
http://www.youtube.com/watch?v=-ndJi9-dHNk
I'll be that guy:
bullish.
This is probably not approiate but you gotta watch this video entitled - Jump You F*#kers - and directed squarely at the bankers. Pretty funny video written after all the people lost their wealth in the 2007 / 2008 market crash.
http://www.youtube.com/watch?v=yge311sFhC8
Suicide my ass, he was whacked
Awww...
http://www.youtube.com/watch?v=e-zBovjUB1I
Nevermind the handprints on his back
Gary Webb's double shot "suicide".
Was he thrown off or did he jump? At least he had the balls to do it if the latter but we have not seen that here in the US
muh, wake me up when the bernake and Jamie Dimon jump off a building holding hands.
Which one is Thelma and which one is Louise?
Pleading the fifth
Of Jack?
Hate to say it (not really) but we need more of these stories. The only thing that would make it better is if these guys were pushed. Then Holder wouldn't need to prosecute them. It would just kind of all work out.
Erica needs some handprints on HIS back!!
And we finally have an example of a good bankster.
The only good banker....
...graphically demonstrates what a 'dead cat bounce' looks like.
I'm guessing the person who junked you recently lost their cat.
Jump ya f*ckrz ... they used to do this when DJIA hit fresh lows not all time highs, this time it's different.
Bankers don't kill themselves...they love themselves far too much. Guessing he had "encouragement"...
Very possible he told his banking buddies that he was going to squeal. It would be interesting if there is a video recording of the elevator, door on the roof, or rooftop.
The mafia is not stupid or the police or hit man.
"You jump or your parents suffer an unfortunate accident...probably your sister, girlfriend, etc." or, or, or...likely easy to coerce as needed to get a person to "reconsider" their potential cooperation w/ an investigation.
He knew too much... Commit suicide... or we off your family...
Hopefully all bankers are lemmings.
What a pity for this chap! Nothing will happen! Mussari is still the master of the universe. Omertà!
Well, at least he did it in style from his own building.
The only good banker is the one in free fall.
It's not the fall that kills you...
unless you panic and have a heart attack in the process.
Banker jumps to his death. All trends start with 1
How do we know he wasn't PUSHED.
American banksters should be right behind him. Or chain them up like the slaves were in Amistad and push one over, hehe. Spla splat splat. :p
what a mess. can't have a concience and be a banker.
Maybe this will start a trend with bankers...
Tomorrows weather, sunny with a chance of rainning bankers on wall street.
In Italy they commit suicide in the usa they go on speaking tours.
And write memoirs
With 7 figure advances
Haha.. In the usa they're victims of a "witch hunt."
Italy still has a functioning judiciary. America does not.
Even the ex-PM, Burlesconi is concerned about having to do some time. Do you think Bush, Clinton or Cheney worry about that?
Jay Carney, are you paying attention??
If we can get the rest of them to follow suit, we'll be getting somewhere. Too bad ... this guy must not have gotten the full-bore sociopath gene. The rest of them all have it. Would love to read this headline again with Corzine in it.
This is so poetically appropriate ...
http://www.youtube.com/watch?v=yge311sFhC8
well that escalated quickly
Now that's funny and not funny at the same time.
First the Vatican Bank scandal, then the Pope resigns, now this...Italy is going down.
It was Colonel Mustard in the Conservatory with the lead pipe.
Jump, Jamie, jump
been there, done that
"....by jumping from one office to the headquarters of the institute in Rocca Salimbeni."
If I read that right, one doesn't jump FROM somewhere TO somewhere else if attempting to take one's own life? The name Rocca doesn't imply a soft landing awaits, either. Anyone know if the institute is symbolic in some other way?
Dead banker - GOOD!!!
One less liar and thief to hunt down and prosecute.
.... Now all we have to do is hunt down is a Prosecutor that is willing/allowed to prosecute a Banker.
To jump or not to jump. You need balls in both cases.
Now if some of these bankers would set themselves on fire instead of this bouncing bullshit we could have a really good show!
Better yet, if a croud of rioting forclosed people would do it for him, then maybe the Wall Street croud would have something to think about!
How many does that leave?
Now he looks like a big pizza pie!
He wasnt fired, he quit
Barbecue Long bond today... with a serving of blue cheese gravy. And some Sancerre.
Finally! You guys who know my posts, know that quite frequently my single post will be "Jump, fuckers, jump"! Someone finally did it! YEA! Please let this turn into an epidemic which spreads quickly to the U.S. banksters and any member of CONgress.
Knowing the golden parachute private Bermuda isle paradise that awaits any criminal bankster that may be charged if Obama and his entire administration actually decide to do something. I don't know what it would take for Blankfein or Dimon to jump.
I know if they break the commandment above all comamndments, "Thou shalt not steal from another Jew." They may see a pair of handcuffs.
What would it take? Caught cheating on their wife, nope. Child rape, nope, they could finger half of Washington so they're fine. Murder? Nope same situation as child rape.
As much as I wish to see the news story that Blankfein jumped, the only way we see that fuck dead on the pavement is if we throw him.
Turn 2 guards for a lot less and they'll be jumped.
Hmmm. the plot thickens..Exclusive: Monte Paschi seeks 1.2 billion euros damages over derivatives
http://touch.baltimoresun.com/#section/-1/article/p2p-74694874/
Pushed? Showed "The View"? Nahhhhh... Conspiracy Theory?
Nah...
I believe this chap would not have jumped on his own they either wound him "psycologically speaking" up or he was thrown. If he talked it would have probably have taken down both Marios. The banker oligarchy must contintue to contain any risk to its rule, until they pull the plug on the markets and make a killing on the way down. Pardon the Pun.
I have a dream.
Once the un-civil war on the bankers starts, it will go global. There will be no place to hide for these people. Governments which rise out of the chaos will demained repatriation of said bankers as a requirement for normalisation of trade.
Max