Ex Deutche Bank CEO and “Pioneer in Interest Rate Swaps”…DEAD!
If I were a Bankster and I had been involved in the decades long manipulation and fraud in financial markets I would quickly “retire” and hope to God my past sins would not catch up with me.
Today’s news that a 58 year old NEWLY RETIRED Deutsche Bank CEO is dead is just another Symptom of the destruction going on behind the scenes in the European Derivative Market.
“William Broeksmit, a recently retired executive at Deutsche Bank AG (DBK) who worked at Merrill Lynch in the 1990s with Anshu Jain, now Deutsche Bank’s co-chief executive officer, has died. He was 58.”
“He died on Jan. 26 at his home in London, according to a memo to employees obtained by Bloomberg News. Deutsche Bank spokesman Michael Golden confirmed the contents, which didn’t give a cause. In an interview, a spokesman for the London police said a 58-year-old man was found hanging in a residence on Evelyn Gardens, the street where Broeksmit lived, and that authorities aren’t treating the death as suspicious.”
“Broeksmit “was a pioneer in interest rate swaps” while at Continental Bank in Chicago “and brought his expertise to Merrill Lynch,” Janet Tavakoli, who managed asset swaps under Broeksmit at Merrill in the late 1980s, said today in an interview. “He was brilliant.” Tavakoli is president of Tavakoli Structured Finance Inc. in Chicago.”
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The CRASH is not “coming…the crash is HAPPENING!
May the Road you choose be the Right Road.
The #2 Man at JP Morgan is OUT…You’re Next on the Chopping Block Blythe!!!
What’s the expression?…The Rats are leaving the ship?! Well there goes a big hairy rat from the heart of the Silver Market Rigging Operation:
A Likely Heir is Leaving JP Morgan
“The surprise departure of a top JP Morgan Chase executive for a giant private equity firm underscores how financial regulations are forcing a shift in the balance of power on Wall Street”
“Considered a likely heir to Jamie Dimon, the bank’s 58-year-old chief executive, Michael J. Cavanagh announced on Tuesday that he would resign as JPMorgan’s co-head of investment banking…”
(At first I wondered if he may be suicided like the others but then I read this!)
“…to take on the role of co-chief operating officer of the Carlyle Group.”
So he goes from the most public of Banking Cabal operators to a more private one! He must have someone big watching out for him.
But the CFO leaving JPM at the “height of the market recovery” speaks volumes about the turmoil going on behind the scenes at the Bankster Headquarters!
“While it is not uncommon for bank executives to leave for other jobs — at least 10 senior executives have left JPMorgan in the last two years — Mr. Cavanagh’s departure was surprising, in part, because of his prominence at JPMorgan and his reputation within the bank as what one executive referred to as a “lifer.”
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Anybody want to bet that the Wicked Witch herself, Blythe Masters, will be next?! :-)
Stay tuned as the Banking Cabal is taken down for good!