March 19, 2014
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.
From the NY Post:
Bellando, a former investment bank analyst at JPMorgan, is the son of John Bellando, chief operating officer and chief financial officer at Condé Nast. His brother, John, a top chief investment officer with JPMorgan, works on risk exposure valuations.
Several John Bellando emails were cited during testimony at the Senate Finance Committee’s inquiry into the bank’s losses during the infamous London Whale trade fiasco.
Kenneth Bellando — who grew up in Rockville Center, LI, and was a Georgetown graduate — worked as a summer analyst at JPMorgan while in school. Upon graduation in 2007, he was hired as an investment bank analyst and worked there for one year before moving on, according to his LinkedIn page.
The investment banker then went to Paragon Capital Partners, according to his LinkedIn page, until leaving at the end of 2013.
And so another young life is tragically taken before his time, the 11th financial professional to commit suicide in 2014, and the third in as many weeks. How many more to come?
In summary, 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.
Source: Zero Hedge
“The Bankers own the Earth” – Joseph Stamp
Image by William Banzai
“Banking was conceived in iniquity and was born in sin. The Bankers own the Earth…If you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits (fractional reserve lending/fiat money].”
What a chilling indictment of the banking system! Quite harsh, don’t you think? Surely this kind of scurrilous accusation had to be uttered by some disgruntled socialist, or by a diehard Marxist anti-capitalist, or by an Occupy Wall Street anarchist protester. However, if you thought it was any one of these, you would be 100% dead wrong.
This little pearl of wisdom was expressed in the 1920s by none other than Sir Joseph Stamp, the second richest man in Britain and, as President of The Bank of England, the most powerful and influential banker in the world at that time.
In this stunning revelation of his own industry, Joseph Stamp dared to suggest that the world banking system of which he was such an integral part, was actually a dastardly criminal enterprise that was designed to rob the citizens of the participating nations of their hard earned wealth and security.
Thanks to the relatively new internet alternate media, the public awareness of the ongoing criminality of worldwide banking is finally creeping its way into mainstream consciousness. It is at last becoming public knowledge that nearly twenty major global banks, including Barclays, JP Morgan Chase, Deutsche Bank, Lloyd’s Banking Group, and a host of others, are being investigated for criminal conspiracy in the three most important areas of global finance – the FOREX (the $25 trillion per week foreign currency exchange), the multi-trillion dollar LIBOR interest rate market, and the international Gold Fix. Nothing serious here, just a strong assertion that the international banking cartel has been robbing us of trillions of dollars; and this didn’t just happen last week, it has been going on for a very, very long time…