by Bill Holter, Miles Franklin:
As of yesterday there have been 6 dead bankers and one financial reporter missing in less than a month. Do they know something that we don’t know? Is this like 1929 when bankers were jumping out of windows? We saw a few of these in 2008 and a few more in 1987 but nothing like this. It can’t be because of the markets, they seem to be “buoyant” enough and no huge losses that we can see? Sure interest rates have backed up a little but isn’t everyone, everywhere on the planet hedged?
2 or 3 of these bankers are from JP Morgan, they haven’t reported any trading day losses in the last 6 months, were these guys “black sheep” that made bad trades and only broke even…or God forbid actually lost money and decided to “end it” out of shame? No, the only single common thread between these bankers is that they were in positions close enough to have information to avail the LIBOR investigations. Is this common thread a coincidence?
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