It was no secret that in 1929 on Black Monday and further into the year, up to 20 bankers committed suicide. While scholars argue over the actual numbers that killed themselves before the Great Depression, an alarming mystery is unfolding in the banking industry that may point to something even more ominous. 13 Bankers commit suicide this year alone. Are we facing the next great depression?
In an article entitled Suicide Among Bankers Appears To Be On The Rise, International Business Times points out an alarming trend before and during the banking collapse that led to the Great Depression.
Historically, bankers have been stereotyped as the most likely to commit suicide. This has a lot to do with the famous 1929 stock market crash, which resulted in 1,616 banks failing and more than 20,000 businesses going bankrupt. The number of bankers committing suicide directly after the crash is thought to have been only around 20, with another 100 people connected to the financial industry dying at their own hand within the year.~International Business Times
Now we have an alarming trend of deaths in the banking industry leading people to wonder what they know that we, the public, do not. On January 28, Michael Snyder asks why bankers are killing themselves. On February 17, Info Wars and RT covered a string of 5 deaths in one week.
The New York Post placed the body count up to 8 just in the United States. The Daily Mail put the count at 12 bankers or bank executives from Singapore, Europe, and the United States. Meanwhile, the Examiner has uncovered a 13th.
The list is as follows
1. William Broeksmit, a 58-year-old former senior executive for Deutsche Bank AG, was found dead in at home after apparently taking his own life in South Kensington in central London, on January 26
2. Karl Slym, the 51 year old Tata Motors managing director was discovered dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27
3. Gabriel Magee, the 39-year-old JP Morgan employee, whodied after plummeting from the roof of the JP Morgan European headquarters in London’s Canary Wharf on January 27
4. Mike Dueker, the 50-year-old chief economist of US bank Russell Investments was discovered dead near to the Tacoma Narrows Bridge in Washington State on January 31
5. Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead on February 4 after apparently shooting himself with a nail gun.
6. Tim Dickenson, who was a U.K.-based communications director at Swiss Re AG, died in late January, in as yet unexplained circumstances
7. Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong on February 19
8. James Stuart, the former National Bank of Commerce CEO was found dead in Scottsdale, Arizona on the morning of February 19. The cause of death has yet to be announced
9. Autumn Radtke, the CEO of First Meta, a digital currency exchange firm who was found dead on February 28 outside her Singapore apartment.
10. Ed Reilly, 47, a divorced father-of-three who worked as a trader at Vertical Group in Manhattan. He jumped in front of a Long Island Rail Road train on March 11
11. Kenneth Bellando, 28, an investment banker at Levy Capital Partners jumped off his building in Manhattan’s Upper East Side on March 12
12. Ryan Henry Crane, the 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago on February 3 at his home in Connecticut
13. Jeffrey Corzine, 31, found dead in Mexico City of an apparent suicide after heavily drinking on March 13. Corzine is not as famous in the banking industry as his father, Jon Corzine of Goldman Sachs that narrowly avoided prosecution due to his ties with President Obama after selling off Greek and Toxic assets that led to the bankruptcy of MF Global.
The results of these deaths could be job stress, depression, anxiety, and just suicides. It is a high risk, high stakes, and high stress job in which many find their breaking point. It is also well known that these deaths are not just on Wall Street as the Great Depression, but in world wide banking.
The problem is that the shear alarming rate of suicides in the Global Banking System has people in a panic. Many are speculating that this is the beginning of the decline of the global market and compare the 20 in October 1929 to the 13 this year. Most of this list however were in legal or financial trouble for trading bad stocks, the scandal in Greece, the failed Green Energy Programs, and others. While it is indeed a mystery(and a sobering thought) only time will tell if this is indeed the next Great Depression, something even more ominous, a global scandal, or just people in a high profile job that wanted to take the easy way out, as sad and sickening as it is.