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Deutsche Bank-er Explains Why He Committed Suicide

Tyler Durden's picture


The dismal list of financial executive deaths has recently increased to 11 in the last few months. Speculation has surrounded many of these deaths (and suicides) as to the reasoning; none more than the first - William Broeksmit, an executive who worked in Deutsche Bank's risk function and advised senior leadership who hanged himself in his South Kensington home in late January. However, as the WSJ reports, we now know why this poor man felt compelled to take his own life: he was "anxious about various authorities investigating areas of the bank where he worked" (and yes, we are well aware of the grammatical and temporal impossibilities suggested by this article's title).

Via WSJ,

While a Deutsche Bank spokeswoman said Tuesday that "Bill was not under suspicion of wrongdoing in any matter," according to statements read at a coroner's inquest in London, the former senior executive at Deutsche Bank, who committed suicide in late January, was concerned about investigations into the German bank.


William Broeksmit, an executive who worked in the bank's risk function and advised the firm's senior leadership, was "anxious about various authorities investigating areas of the bank where he worked," according to written evidence from his psychologist, given Tuesday at an inquest at London's Royal Courts of Justice.


Mr. Broeksmit, an American born in Chicago who retired from Deutsche Bank in February 2013, hanged himself at his London home on Jan. 26, according to a statement read at the coroner's inquest.




A close colleague of Deutsche Bank co-Chief Executive Anshu Jain, Mr. Broeksmit was expected to be appointed the bank's chief risk officer in 2012, but the move was vetoed by BaFin, the German financial regulator, because of a lack of suitable experience, people familiar with the matter said at the time.

Ms. Wilcox, citing written medical evidence from Mr. Broeksmit's doctor and psychologist, said the executive was sleeping badly during the summer of 2013, and his "self-esteem had been greatly undermined." He was also trying to stop smoking cigars and his alcohol intake was high, according to a medical report.

Here are all the recent untimely financial professional deaths we have witnessed 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.

One can only wonder how many of these unfortunate deaths were due to the similar "investigation" concerns.


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Tue, 03/25/2014 - 15:51 | 4591434 LawsofPhysics
LawsofPhysics's picture

Distractions, we want the blood of the real perps...

Tue, 03/25/2014 - 15:53 | 4591443 Dr. Sandi
Dr. Sandi's picture

Yes, but They want the blood of young virgins.

Tue, 03/25/2014 - 16:03 | 4591476 Confused
Confused's picture

Or the tears (ie hardwork and future productivity) of the unborn masses. 

Tue, 03/25/2014 - 16:19 | 4591544 Pladizow
Pladizow's picture

I call bullshit - this wreaks of a set up.

Tue, 03/25/2014 - 16:23 | 4591564 Troll Magnet
Troll Magnet's picture

Perhaps all these dead fuckers were willing to spill the beans.  Or were spilling the beans and the N S A came to TPTB's, um, "rescue."



Tue, 03/25/2014 - 17:41 | 4591823 weburke
weburke's picture

to imagine there are areas the families dont control is foolish. snowden is to make people think there is a free media, fbi, cia, nsa, media, controlled since inception. over 1000 japanese financial guys were suicided in 89 era. (the japanese guys were forced to write -i killed myself- notes.) The big guys have been at WAR for centuries, dont think otherwise.

Tue, 03/25/2014 - 17:54 | 4591895 Rafferty
Rafferty's picture

I'd love to know how you know all of this.

Tue, 03/25/2014 - 18:38 | 4591989 weburke
weburke's picture

. answer was timed out !

Tue, 03/25/2014 - 19:44 | 4592235 knukles
knukles's picture

I think its easier to connect some dots on these guys than it is on the disappearing Malay flight.

Tue, 03/25/2014 - 21:46 | 4592570 The Vineyard
The Vineyard's picture

Tits and ass, bitches.  Tits and ass.

Tue, 03/25/2014 - 18:52 | 4592075 lemonobrien
Tue, 03/25/2014 - 20:22 | 4592333 BigJim
BigJim's picture

The finance industry is large - there are hundreds of thousands of people working in it - and stressful.

Tyler - is there any reason to believe the number of banker suicides is more than to be expected in an industry this big and stressful?

Tue, 03/25/2014 - 18:39 | 4592023 HelluvaEngineer
HelluvaEngineer's picture

You are likely right.  I suspect there are agents within our midst trying to save our country.  They are reaching out to these asshats trying to get hard evidence.

The problem?  Talk to them and the TIA grid knows...

Tue, 03/25/2014 - 16:25 | 4591571 sodbuster
sodbuster's picture

High alcohol intake- smoking? That takes in a good share of the ZHer's!!

Tue, 03/25/2014 - 16:30 | 4591595 Chief KnocAHoma
Chief KnocAHoma's picture

What do you call 11 dead bankers?

Too slow of a start.

Tue, 03/25/2014 - 16:44 | 4591642 Stanley Kubrick
Stanley Kubrick's picture

He was trying to stop smoking cigars.....poor fucker, that's the problem right there.

Per Kipling (Betrothed):  a woman is only a woman, but a good Cigar is a Smoke

Might have to go celebrate this joker's passing with a cigar right now.....



Tue, 03/25/2014 - 17:56 | 4591883 Lore
Lore's picture

Prisons must hold numerous bank employees nowadays. Is it possible that this man feared reprisal from fellow inmates who worked with him previously?

Tue, 03/25/2014 - 18:31 | 4591997 mtndds
mtndds's picture

is this the famous sodbuster from the bmx website???

Tue, 03/25/2014 - 21:48 | 4592574 sodbuster
sodbuster's picture

Famous or infamous? LOL! Must not be- I have no clue what bmx refers to. Sorry.

Tue, 03/25/2014 - 17:06 | 4591723 Stoploss
Stoploss's picture

No!! It's the first apparent suicided note..

Tue, 03/25/2014 - 17:23 | 4591779 DIgnified
DIgnified's picture

Im sorry, I have to.  




 1. cause (a large amount of damage or harm).


"reek"- adjective

 1  :   chiefly dialect :  smoke

2 :  vaporfog 3 :  a strong or disagreeable fume or odor
Wed, 03/26/2014 - 07:09 | 4593114 Bearwagon
Bearwagon's picture

As in: "This so doesn't reek!"  ;-)

Tue, 03/25/2014 - 16:30 | 4591591 Kirk2NCC1701
Kirk2NCC1701's picture

"They want Virgins".  Funny, but not true.  They just want your blood, and that of your kids. 

Till they do get it, they'll settle for your/their sweat and toil.

Tue, 03/25/2014 - 18:58 | 4592090 MeelionDollerBogus
MeelionDollerBogus's picture

I'm positive there's a quarterly bonus boost for popping your debt-cherry into homelessness.

Tue, 03/25/2014 - 16:08 | 4591500 Rainman
Tue, 03/25/2014 - 18:00 | 4591909 Rafferty
Rafferty's picture

40 years ago or so this really was a fine institution.....well for a bank anyway.  What happened?

Tue, 03/25/2014 - 18:22 | 4591962 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

The loss of real money. Once you undertake fraud, fraud becomes ones primary duty. How can any person stay employed in a full scale ponzi, with full knowledge that what they are doing is wrong, not become lost?

Any person who has taken a tangible item from another, where that item became the property of another from fiat creation, must at their core understand this is theft. Once a thief always thief. So where does theft stop? It does not. And this is where the world of finance is today. Theft, lies, stealing, the taking form another because you can, much like the government. Absolute and total corruption which can not be fixed unless we return to sound money. That will not happen without a crisis the likes of which will make the Great Depression seem like a cake walk.

This man killed himself because he was afraid of getting caught or more afraid of family and friends learning that he was a criminal. He did not kill himself because he wanted to make amends or do the right thing by letting others learn what the Bank has done.

Tue, 03/25/2014 - 20:40 | 4592381 Papasmurf
Papasmurf's picture

If they kill themselves, it's to end an investigational trail there.  If they are suicided, it's pretty much the same reason.

Wed, 03/26/2014 - 01:48 | 4592952 Herd Redirectio...
Herd Redirection Committee's picture

Exactly.  A person can allege whatever they can dream up.

But a person that can prove it...  In a court of law?  Those kind of people are treated as Stalin would: "No man, no problem".

Tue, 03/25/2014 - 18:50 | 4592065 MeelionDollerBogus
MeelionDollerBogus's picture

selling raw milk?

Tue, 03/25/2014 - 16:17 | 4591537 sgt_doom
sgt_doom's picture

Several facts they neglected to mention:

Dickenson (Swiss Re) was a former JPMorgan Chase dood, also.

Interesting to note that Broeksmit, Dueker and Talley all attended Northwestern University around the same time frame?

(Oh yeah, and I'm betting MH370 is in a hangar on Diego Garcia, where its last heading would have taken it had it not turned south, according to Immarsat, owned by several hedge funds, Harbinger Capital [Phil Falcone] and Apax Partners.)

Tue, 03/25/2014 - 23:43 | 4592805 TheReplacement
TheReplacement's picture


And add Barclay's to the list?  And Corzine's son was offed.  By his own hand or another's, who knows?

I don't think this is a truth and justice rebellion.  This seems to be more like Chicago Mafia.

Tue, 03/25/2014 - 16:42 | 4591631 Berspankme
Berspankme's picture

Dead men don't tell tales

Tue, 03/25/2014 - 16:46 | 4591651 drendebe10
drendebe10's picture

The Punisher has returned and it's just the start!!!  Go Punisher!!!

Tue, 03/25/2014 - 16:55 | 4591686 OldPhart
Tue, 03/25/2014 - 18:00 | 4591910 cougar_w
cougar_w's picture

Okay I think I will:

Well maybe not quite. Dammit but a girl misses out on more hot meals that way.

Wed, 03/26/2014 - 07:10 | 4593115 Bearwagon
Bearwagon's picture

ALL of you!

Tue, 03/25/2014 - 16:58 | 4591694 Payne
Payne's picture

Banker elite is so arrogant, they would never volunteer to end the party. They would suicide afterwards but not prior to the fat lady singing.

Tue, 03/25/2014 - 18:46 | 4592045 MeelionDollerBogus
MeelionDollerBogus's picture

Since all the banker elites say global warming is a hoax maybe we should tell them caviar is about to go to almost zero availability & mock-caviar produced from pink slime will take its place, due to global warming.
Then say "or, there's a noose in the back of the restaurant if you'd like a personal fitting"

Tue, 03/25/2014 - 18:54 | 4592078 sessinpo
sessinpo's picture

MeelionDollerBogus     Since all the banker elites say global warming is a hoax


Not so fast.

After all, there is money to be made by banks in that sector too

Wed, 03/26/2014 - 04:50 | 4593061 MeelionDollerBogus
MeelionDollerBogus's picture

Indeed! A bankster isn't a bankster without being on all 3 sides of a trade - buy, sell, Corzine.

Tue, 03/25/2014 - 19:01 | 4592108 tempo
tempo's picture

Candy crush game maker King sets IPO value at $750 million. similar to 2000 NDX peak IPO values on March 27, 2000 which all collapsed. Could it happen again??

Tue, 03/25/2014 - 19:35 | 4592209 lod
lod's picture

These events are 370ish...somethings bad wrong.

Tue, 03/25/2014 - 15:51 | 4591435 madcows
madcows's picture

so he was doing illegal banking activities and killed himself instead of ratting out the whole lot of them... seems fishy to me.

Tue, 03/25/2014 - 15:59 | 4591465 101 years and c...
101 years and counting's picture

what authority can he go to without facing immediate imprisonment and sent for torture?  the bankers own the authorities.......

Tue, 03/25/2014 - 16:01 | 4591472 McMolotov
McMolotov's picture

What I want to know is why did Tyler underline "alcohol intake was high?" Does this mean I'm also at risk of being suicided by banker bosses for knowing too much?

Tue, 03/25/2014 - 16:14 | 4591522 TahoeBilly2012
TahoeBilly2012's picture

Cigars and alcohol go with blow, always did. 

Tue, 03/25/2014 - 16:25 | 4591572 Big Corked Boots
Big Corked Boots's picture



2006: booze, bitches and blow

2009: beans, bullets and bullion

2014: (not sure yet but still have leftovers from 2009)

Tue, 03/25/2014 - 16:27 | 4591580 Save_America1st
Save_America1st's picture

now that was funny...

Tue, 03/25/2014 - 18:30 | 4591996 MeelionDollerBogus
MeelionDollerBogus's picture

Bears, bombs & Banzai7's

Tue, 03/25/2014 - 16:26 | 4591575 Save_America1st
Save_America1st's picture better get yourself an alcohol taste tester from now on...ya never know.  Don't forget what happened to the ex Russian spy Litvinenko in England...they poisoned him with some radioactive shit that I think he drank.

Tue, 03/25/2014 - 16:43 | 4591637 Tom_333
Tom_333's picture was polonium. A powerful alpha radiation emitter. And his boss , Boriz Berezhovsky , managed to first hang himself and then climb down , draw a bath and drown himself. And the media rushed within an hour to proclaim that Boris had been "depressed".

The usual tell is when "authorities" or "media" immediately proclaim it was suicide. Without coroner´s investigation. At least outside the U.S. where the coroners and law enforcement still do some work and believe in the quaint notion that they are expected to do some kind of objective investigation. In the U.S. anything goes.

So judging by the lack of orchestrated pronouncements of "suicide" and "depression" I would say that we are witnessing a spate of real...suicides. The question then becomes...why this urge to off themselves in this way. Now - these institutions are quite large. A lot of people. But i wonder if we are not soon approaching statistical significance. Maybe caused by insights on how things work and what  is about to happen. A tell that a lot of crap is about to hit the fan. Dollar halfed in value and gas 20 USD/gallon. Or something like that.

Tue, 03/25/2014 - 16:44 | 4591641 Tom_333
Tom_333's picture was polonium. A powerful alpha radiation emitter. And his boss , Boriz Berezhovsky , managed to first hang himself and then climb down , draw a bath and drown himself. And the media rushed within an hour to proclaim that Boris had been "depressed".

The usual tell is when "authorities" or "media" immediately proclaim it was suicide. Without coroner´s investigation. At least outside the U.S. where the coroners and law enforcement still do some work and believe in the quaint notion that they are expected to do some kind of objective investigation. In the U.S. anything goes.

So judging by the lack of orchestrated pronouncements of "suicide" and "depression" I would say that we are witnessing a spate of real...suicides. The question then becomes...why this urge to off themselves in this way. Now - these institutions are quite large. A lot of people. But i wonder if we are not soon approaching statistical significance. Maybe caused by insights on how things work and what  is about to happen. A tell that a lot of crap is about to hit the fan. Dollar halfed in value and gas 20 USD/gallon. Or something like that.

Tue, 03/25/2014 - 16:44 | 4591645 Tom_333
Tom_333's picture

Double post. My bad.

Tue, 03/25/2014 - 17:35 | 4591817 caustixoid
caustixoid's picture

hint 1 - when you double post, go back to the second one, hit "edit" and type your "double post my bad" in that box. 

hint 2 - your breathtaking definitive conclusion ('they're real suicides') has no logic apparent, at least to me.  If you're going to swim against the tide at least include some evidence.

Tue, 03/25/2014 - 19:23 | 4592171 Woodrox
Woodrox's picture

thanks... i just spent 2 minutes follwing the double post including the time it took to figure it was a double post.


Tue, 03/25/2014 - 20:46 | 4592398 Tom_333
Tom_333's picture


Tue, 03/25/2014 - 18:23 | 4591964 MeelionDollerBogus
MeelionDollerBogus's picture

'The usual tell is when "authorities" or "media" immediately proclaim it was suicide. Without coroner´s investigation. '

Everyone knows it's not a coroner's job to declare a suicide using evidence.
It's a coronor's job to declare murder on bodies of mass shootings of children and then not release any evidence matching the firearms on scene or number of shooters witnessed, and certainly no one should mention bullets fired from inside of vehicles leaving extrusion bullet holes to the outside of the car body.

Tue, 03/25/2014 - 20:45 | 4592397 Tom_333
Tom_333's picture

Or rule out murder.

Tue, 03/25/2014 - 16:29 | 4591594 GVB
GVB's picture

IMO, the regulator is to blame for being too damn late in properly investigating this huge mess THEY've allowed. Start as from late nineties. What to expect from the banksters? Expect these guys to play by the rule of moral? Money is dirty and always has been. The regulator - any regulator - is to blame for allowing currencies to go into disarray. Currencies are worthless as we speak. Sheep don't have a clue of what's presently taking place. This is a huge mess. These regulators are to blame for this. They clearly are a bunch of scared people that didn't want to bite the bullet, that didn't want "things to happen" on their watch. They're a bunch of pussies and deserve to be punished big time. In the end they'll have to admit: "sorry people, actually, this was just a game, too big for y'all to understand. I know you've been working decades for your savings, but actually it never existed anyway". My god, what a mess. Pretty sad, actually. Let's talk about foodstamps...

Tue, 03/25/2014 - 16:41 | 4591621 Kirk2NCC1701
Kirk2NCC1701's picture

Trying to give up cigars and lots of alcohol sounds like "Tried to give up the good life".

Clearly he "succeeded".  :-(

Tue, 03/25/2014 - 15:52 | 4591441 FieldingMellish
FieldingMellish's picture

yeah... that's it... that's the ticket.... he was worried.

Tue, 03/25/2014 - 15:54 | 4591442 One And Only
One And Only's picture

11 people killed themselves out of how many in the financial services sector? Millions? 10s of millions?

How many people from the military come back from needless wars to kill themselves?

Perhaps our concern (or curiosity) is misplaced.


Tue, 03/25/2014 - 15:55 | 4591452 10mm
10mm's picture

Because people in white collar industry somehow think it's perfectly ok until it's not ok. The military is predatory in cannon fodder and bullshit glory of youth.

Tue, 03/25/2014 - 15:56 | 4591454 McMolotov
McMolotov's picture

Perhaps our concern (or curiosity) is misplaced.

I think the word you're looking for is "hope."

Tue, 03/25/2014 - 16:02 | 4591475 El Vaquero
El Vaquero's picture

Hey man, we've already been burned by that hopey-changey shit in the past.  It's more like enthusiasm. 

Tue, 03/25/2014 - 15:59 | 4591461 El Vaquero
El Vaquero's picture

Its the fact that it's the rate of executives who are being offed/offing themselves, not just general bank employees.  Something is going on in the banking world, and its still (presumably) hidden from the public.  Or perhaps it's shit that people here on ZH already know, but its just not being broadcast to the masses. 

Tue, 03/25/2014 - 16:04 | 4591473 One And Only
One And Only's picture

Mick Jagger's wife just killed herself and she was an executive (and combined networth of $300 million)

She must have known something.

Or maybe....sometimes people just kill themselves.

5.6 million people (estimated in financial services) and 11 killed themselves....that's .0002%

Tue, 03/25/2014 - 16:05 | 4591488 El Vaquero
El Vaquero's picture

Yes, sometimes people just kill themselves.  But how many banking executives are there and what is their suicide rate compared to the rest of their respective populations?  And yes, investment bankers are more likely to commit suicide than the average person, but that is a factor of about 1.5.  World wide suicide rates also vary from country to country, with some countries being under 5 per 100,000 per annum vs other countries of interest being around 20 per 100,000. 

Tue, 03/25/2014 - 16:12 | 4591505 One And Only
One And Only's picture

First of all...

Some of these people aren't banking executives.

1 worked at Tata motors.

1 was a currency trader.

1 founded a title servicing company

The last 2 look like traders at two separate hedge funds.

"Almost once an hour – every 65 minutes to be precise – a military veteran commits suicide"


Tue, 03/25/2014 - 16:15 | 4591526 El Vaquero
El Vaquero's picture

I never said that all of them were executives, but look at how many have "executive" or "director of" or "CEO" in their titles. 


And there are a lot of veterans who are commiting suicide, yes, but it is very often not "just because," but because we seriously fucked them up by sending them into war.  PTSD and shit. 

Tue, 03/25/2014 - 16:23 | 4591551 One And Only
One And Only's picture

11 dead financial services employees by suicide

11 dead NFL football players by suicide


Where the fuck is Dan Brown?

Tue, 03/25/2014 - 16:25 | 4591573 El Vaquero
El Vaquero's picture

You're talkina bout 11 dead in a period of years.  What we're talking about is 11 dead, several of which were not just your average teller in a local branch, in a period of a couple of months.  At least come up with something comparable.

Tue, 03/25/2014 - 16:58 | 4591692 trader1
trader1's picture

you lost the fight.  

just give up.

Tue, 03/25/2014 - 16:58 | 4591696 ParkAveFlasher
ParkAveFlasher's picture

El Vaq, if I may, success is the perfect wife until she divorces you.  I know of plenty of former traders and so forth who have been on suicide watch at least once since '08 or thereabouts.  A lot of anti-depressants in that party.  The prescription drugs lie to you acutely.

Tue, 03/25/2014 - 16:19 | 4591543 TahoeBilly2012
TahoeBilly2012's picture

William Kristol realizes statistics like this are a drag on pumping up mojo for the next big war, but that it can be done.

Tue, 03/25/2014 - 17:04 | 4591711 sgt_doom
sgt_doom's picture

You are slow to pick up on stuff, right?  Poor reading comprehension in school, right?

First, almost all are present or former JPMorgan Chase of the several who aren't:  the guy at Tata Motors --- they were given an incredible 52-week stock boost by Deutsche Bank giving them a highly favorable stock rating.

The three who weren't JPMC?  Broeksmit, Dueker and Talley attended Northwestern University around the same time frame, and Broeksmit was at Deutsche Bank, after all.

Dueker's paper on forex predicting can also be used to predict forex manipulation.

Tue, 03/25/2014 - 16:46 | 4591653 jmcadg
jmcadg's picture

Exactly how many are being investigated for fraud, or in positions of knowledge, or are connected to these deaths, as some of these suspiciously are. Now work your percentages. I'll give you a clue, it ain't 0.002%.

Tue, 03/25/2014 - 17:02 | 4591707 holmes
holmes's picture

Jagger's girlfriend was broke according to the newspapers so that $300M was and is all Mick's.

Tue, 03/25/2014 - 19:53 | 4592266 One And Only
One And Only's picture've never been married.

Tue, 03/25/2014 - 20:25 | 4592343 combatsnoopy
combatsnoopy's picture

Mick is a NASTY guy. 
I don't know if he had anything to do with that murder, but he is NOT nice. 

I would watch my back, cross "t"'s, dot "i"'s, a can of mace, high ranking Mofo exec + consultant + a cute guard dog, etc. if doing business with him.  Maybe he got ticked with the recording companies back in the day and made a deal with the devil. 

I wonder if he or his evil twin lost money in real estate or the subprime scandal.

Tue, 03/25/2014 - 18:59 | 4592099 lakecity55
lakecity55's picture

She apparently chased status and ended up with the reality of bankruptcy, which would have destroyed her self-esteem.

Has she succeeded with a fashion line for the general populace, she would have made money.

Lord, I admit I have been reading the tabloids on this one. Supposedly the other Stones called her "Yoko," as in "Oh, no, here comes Yoko," so Mickster left her home on this tour.

Now, if she were a Bankster's girl, it might get interesting....

Tue, 03/25/2014 - 20:19 | 4592313 combatsnoopy
combatsnoopy's picture

Unless you pay attention, status WILL break your bank and I can see where Mick's girlfriend fell apart.   The vanity contest is nasty.   I recently dealt with one lady who has her own business that sidelined the industry.  Contacts are EVERYTHING and she got into this biz through family.  She was a complete ass, but she played her cards right. 

Many MANY businesses in even Los Angeles go belly up FAST.   I watched one that was coowned by Timberlake that was getting sued bigtime because he lost investor's money.   His management came in as these typical very well connected slicksters that drive in a luxury convertible smoking a cigar type of guy.   You've got a very overpriced "Made in China" clothing rack and people everywhere are losing their homes, their money in the subprime scandal-others would rather make a car payment or some golf clubs with the money they asked for a pair of jeans!   The 1% is a tiny group and you have to meet the customer's demand DURING A HEAVY RECESSION.

With quantitative easing comes unaffordable real estate and rents.  Not just residential properties, but in retail and corporate as well.  BUDGETING is not a favorite "catchphrase" in the biz.  Especially if you want to sublease a swanky glass office with orchids and waterfalls and mod white furniture with absolutely no practical office application to it.  And 20 MAC computers and software.  Hire one accountant as a consultant, get another and tell them that the job is "permanent" then fire on the first day because what you gave to the law firm to fend off an investor you screwed over costs more for a month of fees than what the accountant would cost in a year.  True story. 

So his company COULD Have been taken in as an M&A for another firm.  Not sure if that happened but the shareholders would've been happier.

So instead of retail, they got into "branding".  And branding only works if you nail it, ask Michael Jordan who spares his real estate losses with that $90 million/year income during his retirement.  From GLOBAL revenue.   People really took well to Jordan's brand.  Not Nike, but JORDANS.   

The marketing teams in LA are hot, the "business" people are overtly arrogant assholes.  And the Rolling Stones are a group of very arrogant assholes.  Ask the Verve how the Rolling Stones treated them after their success with "Bittersweet Symphony".  The "business" sector in LA consists more of thugs than pros and I think that element is getting people killed here. 

You have to hear the others in these recording companies and their attitudes towards business.  It's probable that these professionals are the next biggest self loathing ecstatic wannabes, next to the prop trading crack infested frat houses.  They don't do details.  They accuse others of not doing details, but it's common to come to work stoned/drunk from the night before- an hour or two late, take 3 hour lunches to shop, blaring bad music when you need to concentrate, your bosses yelling very loudly over you when you're on the phone with their Indian IT guy trying to set you up on the system--- (then accuse the temps or not connected workers of screwing up).   You have to see what happened to teh Sag/Aftra merger junk.  I heard first hand that it was a HUGE mess!

In Hollywood, the acts/shows/movies promise their venders a percentage from the NET profits for payment. 
The execs take the GROSS revenue/profits and shove them in the losing sectors of the balance sheet then the vendors, artists, etc. get screwed big time!

And there are plenty o' law firms and law schools in La Ciudad de Lost Angels to choose from to enforce that contract against your vendors.  Skadden and it's affiliates have a NICE laundry list of good suits by investors against the subprime dealers that were erroneously dismissed in court under the "Securities Act of 1933" law.   Again, the biz in CA is who you know, not what you know which is why they lost a very big case against the subprime dealers that they should have won.   These people got in not by talent, but by connections.  Only a few, like Marcia Clark might have the aptitude to confront that kind of law- but they're not JD's in Security Law.  Which is what you need.

So to make a long story short, there are MANY business illiterates in the Entertainment/Fashion world. 

In the entertainment biz, I don't care who you are.   Oprah got smart, she takes care of her friends even though she has a billion dollars and can buy more.   People make an art out of knifing others in this neck of the woods-  Mick Jagger is not smart.   Something about that death reeks of retailiation.  After seeing episodes of retaliation in SoCal after someone got screwed over, hence this is a warning.  DO NOT CROSS THE NICE PEOPLE WHO ARE GOOD TO YOU.  EVER.  

She WAS probably stressed, but if she was stressed- wouldn't she binge drink, scream, cry, panic to many lawyers, take a lot of pills? 

These "hitmen" have NO imagination.  Ask Vince Foster- hence the reason why nobody trusts the autopsies. 

If Mick  Jagger really wanted to conduct business without being a complete ass, he could have marketed his own stuff with the Verve to a younger and more global audience- with the perks of internet sales. 

If Mick Jagger really wanted to deal with his girlfriend's $300 million company's bankruptcy, there ARE options.  Including an M&A, riding it for tax breaks, etc.   Hedge funds including Bain gouge them for bankruptcy fees- it could have been a pretty nasty situation. 

Mick Jagger is an ASSHOLE. 

Here's a tip.  The cost for "protection" ($20K/month) far exceeds a real consultant and very good contacts.  And you probably want to have these in this economy.  

They do NOT talk about this in the press.  You're supposed to worry about Bieber being exported to Canada and shreiking business.



Tue, 03/25/2014 - 16:00 | 4591468 Peak Finance
Peak Finance's picture

Yea, and of them statistically normal banker deaths, how many of them do it by shooting themselves 8 times with a nailgun????

Tue, 03/25/2014 - 16:13 | 4591517 One And Only
One And Only's picture

That was probably a murder.

Tue, 03/25/2014 - 17:53 | 4591893 MeelionDollerBogus
MeelionDollerBogus's picture

We'll have Bart Chilton investigate these nefarious doings immediately!

Tue, 03/25/2014 - 16:17 | 4591535 El Vaquero
El Vaquero's picture

I'm not going to say that it is beyond reason that somebody could do themselves in that way (watch the pain olympics, but not at work, to see what I mean,) but you can certainly call me skeptical. 

Tue, 03/25/2014 - 19:01 | 4592107 css1971
css1971's picture

Not enough of them?

Tue, 03/25/2014 - 16:05 | 4591487 BanksterSlayer
BanksterSlayer's picture

Or maybe we should start considering that the entity that is moving veterans to kill themselves ... and the entity that has wrapped the global financial system in unfixable fraud ... both stem from the same source.

Tue, 03/25/2014 - 17:18 | 4591764 ParkAveFlasher
ParkAveFlasher's picture

Big pharma, ftmfw

Tue, 03/25/2014 - 16:19 | 4591546 sgt_doom
sgt_doom's picture

Your reading comprehension sucks!

It's how many people connected to one another and JPMorgan Chase, who are now dead, as of yet to be decided.

Tue, 03/25/2014 - 16:41 | 4591626 Magnix
Magnix's picture

Idiot! These commit suicides tells us something BIG is coming economically!

Tue, 03/25/2014 - 21:18 | 4592493 Dr. Sandi
Dr. Sandi's picture

You mean, like a replacement for BitCoin?

Tue, 03/25/2014 - 18:56 | 4592085 sessinpo
sessinpo's picture

One And Only         10s of millions?


A little exageration there? How many of your 10 of millions are executives actually causing the problem? How many are just workers not in that pay grade?

Tue, 03/25/2014 - 15:55 | 4591451 Dr. Richard Head
Dr. Richard Head's picture

There should be no concerns over any investigations for these thugs.  The fact is a small fine and payment for a salaried lawyer is just the business model that is built into the "profits" these asshats create.  Unless, of course, something bigger is brewing behind these investigations.  I wouldn't hold my breath though.


Tue, 03/25/2014 - 15:58 | 4591459 jmcadg
jmcadg's picture

Bless him and his fragile self esteem.

I doubt BaFin vetoed him getting the job just because of his lack of experience.

Personally I wouldn't want my chief risk officer to be someone who doesn't have the self control to stop smoking and curb his drinking!

That smacks of someone who doesn't understand risk!

Tue, 03/25/2014 - 15:58 | 4591460 mtndds
mtndds's picture

jump phuckers, jump!!

Tue, 03/25/2014 - 15:59 | 4591467 buzzsaw99
buzzsaw99's picture

moar ded bankers makes me happy

Tue, 03/25/2014 - 16:03 | 4591479 TruthInSunshine
TruthInSunshine's picture

Many bankers/traders who know where bodies are buried are meeting with bad luck, lately.

Tue, 03/25/2014 - 16:04 | 4591482 richsob
richsob's picture

Suicide because he thought he was going to be investigated?  Maybe suicide could be understood after a man's family died in a horrible catastrophe or to save another soldier or to avoid spilling secrets to the enemy or.............  But to avoid being investigated?!  That's pretty weak sauce.  

Tue, 03/25/2014 - 17:10 | 4591736 holmes
holmes's picture

I just wish Holder, Lerner, et. al would have the same fear of being investigated and respond accordingly.

Tue, 03/25/2014 - 19:23 | 4592175 lotsoffun
lotsoffun's picture

and what about the big bad bleach black bastard himself?  i'll tell you what - he doesn't care.  he's laughing and laughing, he'd just say 'suckers - you fell for it.  what do you want from me?  you were so stupid - YOU are the guilty parties.'


Tue, 03/25/2014 - 19:24 | 4592178 lotsoffun
lotsoffun's picture

(and follow with - michelle - you on yo' own now, me and reggie is outa here)


Tue, 03/25/2014 - 16:05 | 4591489 Inthemix96
Inthemix96's picture

And we are meant to feel sorry because.......?

What about the countless lives of people ruined, destroyed, and brought to naught by this man, and his organisation?

What about them?

Fuck this coward, show us some Big Men throwing down the gauntlet for others to follow.

The banking trade was conceived in eniquity, and born of sin, and by the righteous Dog himself, should be routed out from all of humanity.


Tue, 03/25/2014 - 16:06 | 4591494 Seize Mars
Seize Mars's picture

I'm still holding my breath, waiting for a bank to care about my fragile self esteem.
Similarly for Corzine's spawn, still not giving a fuck.

Tue, 03/25/2014 - 16:08 | 4591497 WillyGroper
WillyGroper's picture


Tue, 03/25/2014 - 16:11 | 4591507 SgtShaftoe
SgtShaftoe's picture

The dead bankers are interesting, but the dead IT people are even curiouser. Those people didn't have anything to do with trading, but they had access to a ton of information.

They should be added to the list, or at least added to a "strange" list addendum.

Tue, 03/25/2014 - 16:13 | 4591514 pound the vix
pound the vix's picture

Where there is smoke there is FIRE

Tue, 03/25/2014 - 16:14 | 4591518 delivered
delivered's picture

As for #5, I have a number of business contacts in the Denver area and indicated that his somewhat suspect background and questionable business deals had raised a number of red flags with lenders/finance parties in this region. I wouldn't group in him with the general listing provided above as I believe he probably just got involved with the wrong parties on the business front (i.e., the Corleone Family).

On another matter, I browsed the news today and here is what I learned:

- GM knew of defect in autos related to ignition switch (which has been tied to numerous accidents and deaths). But low and behold, since these "events" occured before its formal BK filing, the new GM will not be liable and any claims must be processed against the old GM (which has no remaining assets other than the backing of the taxpayers). Chalk another one up for sticking it to the US taxpayer while the new GM shareholders will benefit.

- Math logic (i.e., digits) has confirmed that everyone has died on the missing Malaysian flight. Still no plane, no bodies, no explanation, no proof, no nothing. This concept opens up an entirely new possibility for the NSA and their technology to simply "off" people by using statistical probability and math logic. This event/tradegy really stinks of state action/involvement. 

- Read an article by MSM highlighting that domestic parties were now buying up more treasuries from the reduction in buying from foreign parties. They actually placed a positive spin on the trend. What a joke as these parties don't realize the simple concept that if capital is being deployed to buy public debt at the expense of private investment (i.e., the crowding out effect), that maybe just maybe, this might have a negative impace on long-term economic prospects. So get ready for the Myra coming your way as once these new parties in the US (I'm sure proxies for the Fed) run out of capital, the taxpayer will be called on next.

I could go on but wanted to highlight that the Bull Shit (i.e., store high in transit) is piling up so high and fast these days that I'm not sure how TPTB can keep this story going much longer. And of course the ultimate irony or maybe insult is the more appropriate word is that the G-8 is now the G-7 (after 86ing Russia) and has decided to move the next meeting to of all places, Brussels Belgium (the country increasing its holdings of USTs at the fastest rate since late last year). I guess the least the seven remaining members can do is repay and thank Belgium with a little economic stimulus for buying so much of this crap. 

Who would have thought that Doctor Evil cloned himself seven times and that they would all be meeting in Belgium. "But those Belgians, they made you so damn...Evil. And, of course, they share a border with the Dutch."




Tue, 03/25/2014 - 16:26 | 4591538 williambanzai7
williambanzai7's picture

Trying to stop smoking cigars? A risk manager wannabe with a high intake of alcohol?

Am I expected to not laugh about this?

BTW, if you are qualified to be Chief Risk Manager, you are not going to get hired. 

Tue, 03/25/2014 - 16:32 | 4591593 foxenburg
foxenburg's picture

@williambanzai. don't trivialise this, they were probably Cohibas or Partagas. Not as easy as cutting down on Mancanudos. Probably trying to taper Croizet Cuvée Léonie cognac and Romanee-Conti at the same time. If you haven't been there, don't laugh.

Tue, 03/25/2014 - 18:39 | 4592024 cougar_w
cougar_w's picture

Oh the horror.

Tue, 03/25/2014 - 19:00 | 4592102 Hulk
Hulk's picture


Tue, 03/25/2014 - 21:20 | 4592498 williambanzai7
williambanzai7's picture

Don't knock Macanudos. The maduros are awesome.

Tue, 03/25/2014 - 21:22 | 4592509 williambanzai7
williambanzai7's picture

Don't knock Macanudos. The maduros are awesome.

And I have been there ;-)

Tue, 03/25/2014 - 16:22 | 4591541 pashley1411
pashley1411's picture

I'm baffled by the financier's fear of the legal system.

John Corzine, stutting his stuff, free as a bird.   Politicians taking bribes in Pennsylvania, on tape?   Unprovable.   Frivolously gamble away billions in bank assets?    Get invited to the White House.   Asset-strip pensions for a dime's worth of commission?   Hero of the people.     Millionaires who don't file taxes?   Qualifies for high government office.

Just don't jaywalk.    Stalin nailed it; make your crimes big.   

Tue, 03/25/2014 - 16:21 | 4591550 ebworthen
ebworthen's picture

I'd light up a cigar and have a glass of scotch before I hung myself, but that's just me.

Tue, 03/25/2014 - 19:02 | 4592117 Hulk
Hulk's picture

After a cigar and a glass or two of scotch, I'm well hung myself...

Wed, 03/26/2014 - 06:21 | 4593084 williambanzai7
williambanzai7's picture


Tue, 03/25/2014 - 16:22 | 4591559 bluprint
bluprint's picture

"his alcohol intake was high"


As a former "heavy drinker" and former staunch proponent of prohibition of other stubstances I'll testify alcohol greatly increases one's tendency to consider suicide. Replace with a regular evening session and he'd probably still be alive. 



Tue, 03/25/2014 - 17:39 | 4591835 shovelhead
shovelhead's picture

Nobody likes a quitter.

Tue, 03/25/2014 - 16:24 | 4591567 Paracelsus
Paracelsus's picture

You forgot about the fellow who crashed his Mercedes in LA.

You forgot about the two ex-SEALS who "OD'd" on heroin on Maersk Alabama.

Nobody ever mentions the French aristocrat who suicided because of his involvement in the Madoff business.

Some years back there was a rash of strange suicides in the UK.Highly educated nuclear physics experts doing contract work for the SDI program ("Star wars").

 One fellow stuck his tongue in a lamp socket!?

Look,I can't see anyone masochistic enough to shoot themselves multiple times with a nail gun.There's been quite a bit of odd shit happening which ordinarily would fall into the category of supermarket tabloid stuff.Strange times indeed....

Tue, 03/25/2014 - 17:15 | 4591754 Blankenstein
Blankenstein's picture

Don't forget acting Freddie Mac CFO David Kellerman


"In the middle of this debate was David B. Kellermann, Freddie Mac's acting chief financial officer who died in an apparent suicide on April 22. Kellermann, who had spent years reworking Freddie Mac's accounting after a scandal earlier this decade, "felt pressured" to withhold information that he felt he had a duty to provide, said a person knowledgeable of his tenure at the company"

Tue, 03/25/2014 - 17:29 | 4591800 MeelionDollerBogus
MeelionDollerBogus's picture

crashed? What nonsense. Everyone knows it was those magnetic trees.

Tue, 03/25/2014 - 17:39 | 4591837 delivered
delivered's picture

Don't forget Barnaby Jack. Guy that had hacked pacemakers suddenly died last summer in the Bay Area.

Wed, 03/26/2014 - 04:24 | 4593055 Herd Redirectio...
Herd Redirection Committee's picture

Wow, that is a strange one.  He hacked ATMs to distribute cash as well.  'A mix of cocaine and prescription drugs', administered by who, not clear.

Tue, 03/25/2014 - 18:12 | 4591841 NuYawkFrankie
NuYawkFrankie's picture

Talking about supermarket tabloid stuff...

anyone know whatever happened to Bat Boy?

Last I heard he was supposed to be running as VP on the Romney Ticket - then nothing, absolutely nada... completely disappeared without so much as a "Fare Thee Well..."

Tue, 03/25/2014 - 18:46 | 4592049 cougar_w
cougar_w's picture

You could ask his sister?

Boobies and dead bankers. Don't get too excited, I hear they have a FEMA camp for that.

Tue, 03/25/2014 - 19:35 | 4592165 NuYawkFrankie
NuYawkFrankie's picture


Tue, 03/25/2014 - 17:41 | 4591846 PHantomofthemarkets
PHantomofthemarkets's picture

"One fellow stuck his tongue in a lamp socket!?"


You know a better way to check if the electricity is working.


Tue, 03/25/2014 - 19:14 | 4592145 lotsoffun
lotsoffun's picture

as a kid, i always checked my nine volts that way.  and opened bottle with my teeth.  thank god i still have tongue. for now :)


Tue, 03/25/2014 - 16:26 | 4591576 Yen Cross
Yen Cross's picture

  I don't care how the selfish klepto narcissistic banksters off themselves or get suicided. I just wish they would start implicating some of their overlords before they punch or get their tickets punched, so we can hasten the cleansing process.

Tue, 03/25/2014 - 16:44 | 4591638 Philalethian
Philalethian's picture

"One can only wonder how many of these unfortunate deaths were due to the similar "investigation" concerns."

Moar so, wonder how many more will see the wheels of justice coming for them also.

Tue, 03/25/2014 - 16:44 | 4591643 Mercury
Mercury's picture

One can only wonder how many of these unfortunate deaths were due to the similar "investigation" concerns.


Wells Notice and suicide is the new sue and settle.

Tue, 03/25/2014 - 17:00 | 4591693 El Hosel
El Hosel's picture

The "dismal list" pales in comparison to the ramifications of the actions of the industry they represent, millions of people have been affected. They were fine with their actions until they thought they might be exposed... Apparently? Greed is better when its in the closet?

Tue, 03/25/2014 - 16:54 | 4591681 besnook
besnook's picture

gosh! bankers with a conscience. and to think we all thought they were heartless greedy pigs absent any shame. of course the conspiracy theorists out there would try to suggest that trillions of dollars worth of trades and associated info would cause someone to murder someone else for some self interest. how cynical!


Tue, 03/25/2014 - 17:05 | 4591701 SheepDog-One
SheepDog-One's picture

I'm shocked, SHOCKED! Don't these banksters know nothin bad can ever happen again and stawks will only go straight up from here till the sun burns out?

Tue, 03/25/2014 - 17:04 | 4591712 Chuck Knoblauch
Chuck Knoblauch's picture

The world is waiting for a financial Ed Snowden to blow the whistle on fraud. Unfortunately, the banks have a better set of internal controls than the NSA.

Tue, 03/25/2014 - 17:06 | 4591721 Spungo
Spungo's picture

lol what a retard. He honestly thought bankers could go to jail.

Tue, 03/25/2014 - 17:10 | 4591728 trader1
trader1's picture

the other possible why.

he couldn't come to terms with an unplanned retirement due to being passed over for promotion.

many on ZH don't understand that some of the corporate big shots will go into depression when those big leadership opportunities seemed to be within grasp but are snatched away from their hands. 

depression leads to suicide, plus he must have been reading a little too much ZH while on retirement, which triggered additional paranoia (i.e., the claims about being under investigation by authorities).


Tue, 03/25/2014 - 17:17 | 4591761 kurzdump
kurzdump's picture

He commited suicide because he was an idiot. Simple. End of story.

Tue, 03/25/2014 - 22:17 | 4592660 NOTfromSanFrancisco
NOTfromSanFrancisco's picture



"They commited suicide because he was an idiot. Simple. End of story."

There, fixed it for you... Troll...

Tue, 03/25/2014 - 17:18 | 4591765 Jackagain
Jackagain's picture

Note to low ranking banksters: Stay out of tall buildings (and planes) and don't answer the door for strangers (or bank security people you may know)

Note to high ranking banksters: No need to worry.....yet.

Tue, 03/25/2014 - 17:26 | 4591788 MeelionDollerBogus
MeelionDollerBogus's picture

until a shipment of monkey-hammers arrives, so the label says... and it's actually a nailgun.

Tue, 03/25/2014 - 22:15 | 4592652 NOTfromSanFrancisco
NOTfromSanFrancisco's picture



...And remember... Always keep your nail gun unloaded... You never know when they may jump up and start in a cartoon...

Tue, 03/25/2014 - 17:24 | 4591782 MeelionDollerBogus
MeelionDollerBogus's picture

Completely plausible. Vaguely attached to something that may or may not be wrong which may or may not get looked into. Therefore, kill yourself.
These aren't the droids I'm looking for.

Tue, 03/25/2014 - 17:25 | 4591784 franciscopendergrass
franciscopendergrass's picture

 Whistleblowers need to spill the beans before TPTB  spill their blood.  I'm just glad Edward Snowden did not commit suicide.

Tue, 03/25/2014 - 22:13 | 4592647 NOTfromSanFrancisco
NOTfromSanFrancisco's picture



"I'm just glad Edward Snowden did not commit suicide."

He actually tried to commit suicide, but he ran so fast he got away from himself...


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