Why Isn't Wall Street in Jail?

[choff]

This one looks like an honest to goodness suicide, though according to one report he was told he would be made the scapegoat by the higher ups. This as opposed to the Arkancide of one of them mentioned in another thread. The one where the guy used the nail gun, 4 nails in the torso, 4 nails in the head. If this keeps up I wonder how long the MSM can keep pretending not to see somethings wrong.

[rjaypeters]

Too big to fail =>Too big to jail.

"But I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute — if we do bring a criminal charge — it will have a negative impact on the national economy, perhaps even the world economy. I think that is a function of the fact that some of these institutions have become too large." Attorney General Eric Holder speaking before the Senate Judiciary Committee, 2013

Where is Teddy Roosevelt when we need him?

http://www.huffingtonpost.com/robert-ku ... 57436.html

http://www.americanbanker.com/issues/17 ... 295-1.html

[ladajo]

This guy should lose his job for thinking such.

The people come before the rest. The people are government, and if government abdicates to another for control then the people need to reset the government. Businesses should never even think they are more important then the nation. Regardless of how big they are.

[choff]

The problem with a group of people who make themselves TBTF/TBTJ comes when they start robbing and killing each other. The government and MSM have to stand around and pretend nothing unusual is happening, they barely report it as suicides. Eventually the banksters will have mercenary armies battling it out in the middle of Wall St. and the government saying they're powerless to intervene, it's free enterprise after all.

[paperburn1]

the merchant wars _ Frederik Pohl

[ladajo]

It still irritates me that he even thought to stand in front of congress with such silliness.

He has lost the bubble.

[Diogenes]

Another "Successful Banker" Found Dead

The dismal trail of dead bankers continues. As The Journal Star reports, a successful Lincoln businessman and member of a prominent local family died last week. Former National Bank of Commerce CEO James Stuart Jr. was found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say what caused the death. This brings the total of banker deaths in recent weeks to 9 as Stuart is sadly survived by three sons and four daughters.

http://www.zerohedge.com/news/2014-02-24/another-successful-banker-found-dead

[Diogenes]

American Bitcoin exchange CEO found dead in her Singapore home after suspected suicide at age 28

The American CEO of an exchange for the troubled bitcoin digital currency has been found dead after a suspected suicide at her home in Singapore.

Wisconsin native, Autumn Radtke, 28, was discovered inside her apartment on February 28 and officials in the South East Asian city state are now waiting for toxicology test results to determine the exact cause of death.

http://www.dailymail.co.uk/news/article-2573863/Bitcoin-exchange-CEO-dead-home-suspected-suicide-age-28.html


What interesting financial weather we are having lately.

[mvanwink5]

It is a wonder Madoff still lives, but he must have steered clear of the drug cartel money, stuck to fleecing charities, country club boobs, and Hollywood celebs. Banksters on the other hand did not. So, too big to fail does not extend to too big to see your fellow executive take one for the team, just a little stick added to the carrot.

"Bitcoin Exchange" is a bit misleading it turns out, from what I read that was not their primary business.

[rjaypeters]

I really don't want the guilty dead. Hit them where it hurts the most!

JPMorgan Whistleblower Gets $63.9 Million in Mortgage Fraud Deal

"(Reuters) - A whistleblower will be paid $63.9 million for providing tips that led to JPMorgan Chase & Co's agreement to pay $614 million and tighten oversight to resolve charges that it defrauded the government into insuring flawed home loans.

The payment to the whistleblower, Keith Edwards, was disclosed on Friday in a filing with the U.S. district court in Manhattan that formally ended the case."

Huzzah!

http://www.reuters.com/article/2014/03/ ... HM20140307

[Diogenes]

28-Year Old Former JPMorgan Banker Jumps To His Death, Latest In Series Of Recent Suicides

Not a week seems to pass without some banker or trader committing suicide. Today we get news of the latest such tragic event with news that 28-year old Kenneth Bellando, a former JPMorgan banker, current employee of Levy Capital, and brother of a top chief investment officer of JPM, jumped to his death from his 6th floor East Side apartment on March 12.

http://www.zerohedge.com/news/2014-03-1 ... t-suicides

[Diogenes]

Guest Post: Suspicious Deaths Of Bankers Are Now Classified As "Trade Secrets" By Federal Regulator

It doesn’t get any more Orwellian than this: Wall Street mega banks crash the U.S. financial system in 2008. Hundreds of thousands of financial industry workers lose their jobs. Then, beginning late last year, a rash of suspicious deaths start to occur among current and former bank employees. Next we learn that four of the Wall Street mega banks likely hold over $680 billion face amount of life insurance on their workers, payable to the banks, not the families. We ask their Federal regulator for the details of this life insurance under a Freedom of Information Act request and we’re told the information constitutes “trade secrets.”

There is one other major obstacle to brushing away these deaths as random occurrences – they are not happening at JPMorgan’s closest peer bank – Citigroup. Both JPMorgan and Citigroup are global financial institutions with both commercial banking and investment banking operations. Their employee counts are similar – 260,000 employees for JPMorgan versus 251,000 for Citigroup.

http://www.zerohedge.com/news/2014-04-2 ... ral-regula

[mvanwink5]

Cartel justice, or some other black op?

[Skipjack]

We ask their Federal regulator for the details of this life insurance under a Freedom of Information Act request and we’re told the information constitutes “trade secrets.”

That just shows what a human life is worth to these sociopaths on the top of the large banks! People are just numbers and valued in the return on their life insurance. I am disgusted, but not really surprised.

[mvanwink5]

$680 billion face amount of life insurance on their workers, payable to the banks,$680 billion face amount of life insurance on their workers, payable to the banks,

How many are expected to jump at once? Get a group policy and limit the number flying on any one plane (that is what our project management teams did ).