Bitcoin Exchange CEO Dead; Unconfirmed Suicide

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28 Year Old CEO Of Bitcoin Exchange Dead After Possible Suicide

March 3, 2014

(Benjamin Jones)

According to Tech in Asia, Singapore-based Bitcoin exchange platform First Meta’s 28 year old CEO Autumn Radtke committed suicide. Reasons are currently unknown.

[UPDATE: Tech in Asia has updated the article to emphasize that suicide is only suggested and not certain]

First Meta is a Singaporean start up company that runs a exchange platform for virtual currencies such as Bitcoin. The news of suicide of its CEO Autumn Radtke spread on Facebook and Twitter, drawing attention from the Bitcoin industry.

The exact reason that may have led to the suicide is not known, and whether the Police have concluded that the cause of death is suicide is also unofficial. First Meta has stated that an official announcement will be given by the company soon.

Before joining First Meta, Radtke was the Director of Business Development at Xfire – a company that develops IM systems for gamers. Radtke was also the Co-founder, Business Development at Geodelic Systems, Inc.

The Bitcoin market is fairly unstable right now, facing wave after wave of turmoils. On Tuesday one of the biggest Bitcoin exchange centre Mt. Gox suddenly ceased its operations, its company CEO stating that the industry is at its ‘turning-point’, bringing Bitcoin investors great concern over the unregulated virtual currency.

– See more at: http://newswatch.us/28-year-old-ceo-of-bitcoin-exchange-dead-after-possible-suicide/#sthash.itLhLUkg.8u2J0JWb.dpuf

Another Banker Death: Scottsdale, AZ Feb. 19, 2014

They’ve shared some interesting things on Drake’s FB page recently. This was one of them.

This is the second big financial guy I know of that died here in the Phoenix area. Last year one took a home-made cyanide pill while in court for his actions and died enroute to the hospital. He’d torched his home, I believe.

Related to the other long and growing list of expired banksters? Cause of death unknown? Police not reachable on the weekend? You tell me.  ~ BP

James Stuart Jr., prominent Lincoln banker, found dead

February 23, 2014 6:30 pm  •  By CHRIS HEADY / Lincoln Journal Star

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. A Scottsdale, Ariz., police spokesperson could not be reached over the weekend.

In 1969, Stuart joined Citibank in New York City…

Copyright 2014 JournalStar.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed

Crime Does Pay For Banksters: Who Else Could Get Away with This?

JamieDimon

Take a look at Jamie Dimon’s raise. Preposterous! How are these banks still in business? It’s beyond me. ~ BP

In the past we have discussed the allegedly illegal and fraudulent practices of the Big Banks that helped bring the economy into Recession, but until now, we have not seen such a blatant example of how it pays for Big Banks to break the rules and get ahead at the same time.  As you may recall, JP Morgan Chase Bank recently agreed to a $13 Billion dollar settlement with the Justice Department for allegedly defrauding customers.  That sounds like a big number, but that was only part of the total fines and penalties JP Morgan Chase was liable to pay in 2013 due to its less than honorable business practices.

It may surprise you that after agreeing to the $13 Billion settlement and having to pay other large fines, the CEO of Chase is getting a big raise. An $8.5 Million dollar raise!

Jamie Dimon, chairman and CEO of JPMorgan Chase, will be paid $20 million for his work in 2013, restoring most of the $11.5 million cut directors imposed a year earlier following the company’s embarrassing derivatives loss.  The sum includes a base salary of $1.5 million, plus $18.5 million of restricted stock, the company said in a public filing on Friday.  Dimon was paid $11.5 million for 2012, half of his $23 million compensation in each of the prior two years, according to company filings.   The raise, decided by the board of directors, comes after JPMorgan annual profits fell 16 percent in 2013 as the company agreed to pay out some $20 billion to settle legal claims from government agencies and private investors.” CNBC

I guess I am just naïve to think that if the bank I was in charge of was on the verge of civil and criminal charges and I had brokered the deal to “limit” the costs to the bank to $13 Billion in the one case, that maybe the Board of Directors might ask for my resignation, if not firing me on the spot.  After all, as the CNBC article quoted above states, the profits of the bank fell 16 percent!

According to another CNBC article, the Board of Directors did struggle with the decision to almost double his compensation. “JPMorgan’s board voted this week to increase Mr. Dimon’s annual compensation for 2013, hashing out the pay package after a series of meetings that turned heated at times, according to several executives briefed on the matter. The raise—the details were not made public on Thursday—follows a move by the board last year to slash Mr. Dimon’s compensation by half, to $11.5 million.” CNBC

Don’t forget that the reason why Mr. Dimon’s compensation was lowered to a “mere” $11.5 million in 2012 was due to the “London Whale” trading fiasco that also occurred under Mr. Dimon’s watch.  Is it just me or could all of this nefarious conduct by the bank, led by Mr. Dimon, lead a reasonable reader to wonder what does it take to get fired at JP Morgan Chase?  It seems obvious that if you are Jamie Dimon, you can be praised by some members of the Board for reducing the exposure of even larger and more disastrous penalties, even though the practices that led to that same civil and criminal liability came while you were the CEO.

It has been suggested by one former regulator that much of the profits made by JP Morgan Chase and other big banks in their alleged fraudulent behavior have gone into the pockets of the bank’s executives.

“Regulator William K. Black Jr. played an integral role in the prosecution and conviction of more than 1,000 bankers over the savings-and-loan scandal of the 1980s. Black, who is now a top economics professor, is understandably disturbed by the fact that there has not been a single prosecution of the major Wall Street executive over the much larger scandals which led to the 2008 financial crisis.

Black observed this week that the bank’s fraud proceeds “went largely to the senior officers and directors of JPM, Bear, and WaMu in the form of bonuses.” The Board’s behavior can therefore be seen as a divvying up of criminal booty, whatever the personal involvement of the Board members themselves.” Nation of Change

Maybe I am missing something, but it may be time for the JP Morgan Chase shareholders to find a new Board and a new CEO.  If I was a shareholder of JP Morgan Chase, I think it would be a fair question to ask why is incompetence and allegedly criminal activity rewarded in the form of an almost 50% raise?  Another question that keeps coming to mind is why aren’t some of these banksters doing the perp walk?  What do you think?

Lawrence E. Rafferty-Weekend Blogger

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The End Game Memo Spelled Financial Ruin for the Planet

In the event you didn’t see this on any of the many other sites where it appeared…

The End Game Memo

 

By Greg Palast

When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn’t believe it.

The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.

endgame

The memo is authentic.

I had to fly to Geneva to get confirmation and wangle a meeting with the Secretary General of the World Trade Organisation, Pascal Lamy. Lamy, the Generalissimo of Globalisation, told me,

“The WTO was not created as some dark cabal of multinationals secretly cooking plots against the people… We don’t have cigar-smoking, rich, crazy bankers negotiating.”

Then I showed him the memo.

It begins with Larry Summers’ flunky, Timothy Geithner, reminding his boss to call the Bank bigshots to order their lobbyist armies to march:

“As we enter the end-game of the WTO financial services negotiations, I believe it would be a good idea for you to touch base with the CEOs…”

To avoid Summers having to call his office to get the phone numbers (which, under US law, would have to appear on public logs), Geithner listed the private lines of what were then the five most powerful CEOs on the planet. And here they are:

  • Goldman Sachs: John Corzine (212) 902-8281
  • Merrill Lynch: David Kamanski (212) 449-6868
  • Bank of America: David Coulter (415) 622-2255
  • Citibank: John Reed (212) 559-2732
  • Chase Manhattan: Walter Shipley (212) 270-1380

Lamy was right: They don’t smoke cigars. Go ahead and dial them. I did, and sure enough, got a cheery personal hello from Reed – cheery until I revealed I wasn’t Larry Summers. (Note: The other numbers were swiftly disconnected. And Corzine can’t be reached while he faces criminal charges.)

It’s not the little cabal of confabs held by Summers and the banksters that’s so troubling. The horror is in the purpose of the “end game” itself.

Let me explain:

The year was 1997. US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks. That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks. It was like replacing bank vaults with roulette wheels.

Second, the banks wanted the right to play a new high-risk game: “derivatives trading”. JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as “assets”.

Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives.

But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws?

The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on the planet — in one single move. It was as brilliant as it was insanely dangerous.

How could they pull off this mad caper? The bankers’ and Summers’ game was to use the Financial Services Agreement (or FSA), an abstruse and benign addendum to the international trade agreements policed by the World Trade Organisation.

Until the bankers began their play, the WTO agreements dealt simply with trade in goods – that is, my cars for your bananas. The new rules devised by Summers and the banks would force all nations to accept trade in “bads” – toxic assets like financial derivatives.

Until the bankers’ re-draft of the FSA, each nation controlled and chartered the banks within their own borders. The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives “products”.

And all 156 nations in the WTO would have to smash down their own Glass-Steagall divisions between commercial savings banks and the investment banks that gamble with derivatives.

The job of turning the FSA into the bankers’ battering ram was given to Geithner, who was named Ambassador to the World Trade Organisation.

Bankers Go Bananas

Why in the world would any nation agree to let its banking system be boarded and seized by financial pirates like JP Morgan?

The answer, in the case of Ecuador, was bananas. Ecuador was truly a banana republic. The yellow fruit was that nation’s life-and-death source of hard currency. If it refused to sign the new FSA, Ecuador could feed its bananas to the monkeys and go back into bankruptcy. Ecuador signed.

And so on – with every single nation bullied into signing.

Every nation but one, I should say. Brazil’s new President, Inacio Lula da Silva, refused. In retaliation, Brazil was threatened with a virtual embargo of its products by the European Union’s Trade Commissioner, one Peter Mandelson, according to another confidential memo I got my hands on. But Lula’s refusenik stance paid off for Brazil which, alone among Western nations, survived and thrived during the 2007-9 bank crisis.

China signed – but got its pound of flesh in return. It opened its banking sector a crack in return for access and control of the US auto parts and other markets. (Swiftly, two million US jobs shifted to China.)

The new FSA pulled the lid off the Pandora’s box of worldwide derivatives trade. Among the notorious transactions legalised: Goldman Sachs (where Treasury Secretary Rubin had been co-chairman) worked a secret euro-derivatives swap with Greece which, ultimately, destroyed that nation. Ecuador, its own banking sector de-regulated and demolished, exploded into riots. Argentina had to sell off its oil companies (to the Spanish) and water systems (to Enron) while its teachers hunted for food in garbage cans. Then, Bankers Gone Wild in the Eurozone dove head-first into derivatives pools without knowing how to swim – and the continent is now being sold off in tiny, cheap pieces to Germany.

Of course, it was not just threats that sold the FSA, but temptation as well. After all, every evil starts with one bite of an apple offered by a snake. The apple: the gleaming piles of lucre hidden in the FSA for local elites. The snake was named Larry.

Does all this evil and pain flow from a single memo? Of course not: the evil was The Game itself, as played by the banker clique. The memo only revealed their game-plan for checkmate.

And the memo reveals a lot about Summers and Obama.

While billions of sorry souls are still hurting from worldwide banker-made disaster, Rubin and Summers didn’t do too badly. Rubin’s deregulation of banks had permitted the creation of a financial monstrosity called “Citigroup”. Within weeks of leaving office, Rubin was named director, then Chairman of Citigroup – which went bankrupt while managing to pay Rubin a total of $126 million.

Then Rubin took on another post: as key campaign benefactor to a young State Senator, Barack Obama. Only days after his election as President, Obama, at Rubin’s insistence, gave Summers the odd post of US “Economics Tsar” and made Geithner his Tsarina (that is, Secretary of Treasury). In 2010, Summers gave up his royalist robes to return to “consulting” for Citibank and other creatures of bank deregulation whose payments have raised Summers’ net worth by $31 million since the “end-game” memo.

That Obama would, at Robert Rubin’s demand, now choose Summers to run the Federal Reserve Board means that, unfortunately, we are far from the end of the game.

Special thanks to expert Mary Bottari of Bankster USA without whom our investigation could not have begun.

The film of my meeting with WTO chief Lamy was originally created for Ring of Fire, hosted by Mike Papantonio and Robert F. Kennedy Jr.

Further discussion of the documents I laid before Lamy can be found in “The Generalissimo of Globalization,” Chapter 12 of Vultures’ Picnic by Greg Palast (Constable Robinson 2012).

Follow Greg on Twitter: @Greg_Palast

 

Jamie Dimon Resigns From JP Morgan; Says ‘Put Bankers in Jail’ (satire)

Jamie_Dimon,_CEO_of_JPMorgan_Chase

When the big cheese is bailing, you know things are about to get rough, and when the banksters themselves are saying the banksters should be arrested, you know things have been bad for quite some time. There are people who still don’t understand the depth of the corruption, though, or they would have closed their accounts long ago, as I did.

But—he must be an okay guy because he’s been doing yoga and researching Buddhism!—as if that makes any difference. He’s calling for a criminal investigation? Isn’t that the pot calling the kettle black? This is probably a farce article, or wishful thinking. There’s no record of a “Financial News” publication.

http://www.foxbusiness.com/industries/2013/03/22/chase-board-dont-break-up-chair-ceo-roles/

Jamie Dimon, often cited as the most responsible head of a Wall Street investment bank, reigned as Chairman and CEO of JP Morgan Chase today.

In a blistering letter published this morning in Britain’s Financial News, Dimon says he is tired of working in the “bankrupt moral culture” of finance and called for a criminal investigation into wrongdoing at JP Morgan and other major investment banks.

“For too long I have been a witness to what I consider to be unethical and sometimes even illegal behavior at the highest levels of Wall Street,” the letter reads. “I thought that I could change the system from the inside. But over the past few years I have been proven wrong.

“Despite the concerted effort of myself and my closest staff, the recent losses at our Chief Investment Office and the global LIBOR scandal show that firms such as JP Morgan have simply become too big to manage.

“For that reason I am resigning from my posts as Chairman and Chief Executive Officer of JP Morgan Chase effective at noon EST today. And I urge global regulators to introduce new rules seeking to limit the size of scope of the largest international financial institutions.”

Starbuck’s Pequod

Long recognized as a less corrupt institution than competing banks such as Goldman Sachs and Barclays, JP Morgan has come under fire in recent months for a number of trading scandals. Most notably the bank lost over $6 billionon bad derivatives bets in the notorious London Whale fiasco.

But in his resignation letter Dimon did not limit his reasoning to recent events, explaining that he is disgusted by the behavior of investment banks during the financial crisis.

“Over four years has passed since the greatest financial collapse in the history of this nation,” Diamond recounts, “and still no one on Wall Street has been held accountable for the crimes which have been committed.

“Washington says they can’t find one single banker guilty of fraud. I can think of 15 people off the top of my head who should be behind bars.

“Why aren’t more people in jail? If you rob a bank, you go to jail. If a bank robs you, it gets a bailout. We need to end this cycle of impunity on Wall Street. And I am prepared to testify against my fellow bankers if need be.

“I don’t know why I’ve held my nose for so long. Honestly it was probably the money. But I started doing yoga last month, and have been thinking about researching Buddhism. I’m ready to turn over a new leaf, and find something else besides money upon which to base my self-worth and value as a human being. ”

House of Cards 

Dimon says he’s not surprised by the lack of inaction in Washington, given the symbiotic nexus of corruption between political actors and big banks.

“Let me explain how this system works,” Dimon writes. “Politicians protect us from competition and criminal prosecution, and in return we give them money to use in their campaigns.

“There’s only one word to describe such an arrangement: bribery. And you know what’s really insane? Its not even illegal. Those idiots in Washington actually write laws regulating the manner in which they would like to be bribed.

“Only $2,000 per person, unless its funneled into a SuperPac or whatever or into a primary fund versus a general election fund…I mean who cares how much goes into which account? Its all just corruption plain and simple. And sadly I have been a part of it.”

Plus Ça Change

Financial equities analyst Ferdinand Pecora says Dimon’s resignation and public rant against Wall Street could change the financial sector, but its impact will likely be limited.

“If even Jamie Dimon is calling for jailing bankers, you would think the FBI and SEC would at least start investigating,” Pecora says. “But they’ve ignored every other clue they’ve gotten so far about financial crime, so I don’t expect things to change.

“Goldman Sachs, Bank of America, Citigroup, JP Morgan…these companies have nothing to fear from the government. Jamie Dimon is just one man. The banks own thousands of lobbyists, congressmen, and government regulators. They’ll be just fine.”

Carter Glass, a political analyst for the Center for American Progress, agrees that Dimon’s cri de coeur won’t change a thing.

“It’s great that someone has finally mustered the courage to take on the banks,” Glass explains. “But we’ve got an election next year in Congress. Our lawmakers aren’t gonna piss off the people who pay their bills.”

Admitting that the chances of affecting change on Wall Street are slim, Dimon writes that he’s already planning for a simpler life.

“I’ll will be retiring to South-East Alaska, where I will run a small salmon fishing operation cum Bikram yoga retreat. If anyone in D.C. is interested in bringing criminal bankers to justice, just give me a call.”

Source

Who Serves Who? Questions and Answers for American Soldiers and Nationals

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Drake has explained this to us in the past, but maybe this format will work for those who found it elusive. It’s very well done and in black and white. Thanks to Soldier Hugs.

I vote we appoint Vlad. If we made him an offer he couldn’t refuse, perhaps he would consider it. (see the last questions)

 

Who Serves Who?

Questions and Answers for American Soldiers and Nationals

Questions:

Is the US Government a Republic for “We The People?” Or is it a Corporation?

Answers:

First answer; the original and organic structure of the US Government is a Republic established “For the People of these several United States.” As such, each of us “Americans” are actually defined as an “inhabitant” of one of the several united States of America. As inhabitants, we are natural born “American Nationals” of these several united States.

Second answer; our current US Government is a “CORPORATION” that is a false overlay that has illegally usurped our original organic government structure and masquerades as the legal and lawful US Government. Additionally, one default and key mechanism of this manipulated fraud, is that each one of us previously defined “inhabitants or Nationals” has been be replaced with the term “US Citizen”. This term actually means means a “dead person or other entity; ie: a Corporation or other “non-living entity”.  US Citizen in this context refers to “non living property (dead), or other non living asset owned by the CORPORATION. This entire false and illegal overlay is designed at making the government the “Master” of the people, instead of the way it was intended and written as “We The People” as the Masters of the Government.

Question:
What is an Executive Order?

Answer:
An Executive Order is an order given by the CEO (Chief Executive
Officer) of a corporation.

Question:
To whom does the Executive Order apply?

Answer:
An Executive Order applies to all the employees of that corporation.

Question:
If the CEO of Acme Corporation gives an executive order that all
persons must wear pink ties with yellow shorts does that mean that
all Americans are subject to this Executive Order?

Answer:
No, only employees of Acme Corporation are subject to this Executive Order.
All others may completely ignore this Executive Order.

Question:
If the CEO of the WHITE HOUSE Corporation issues an executive order that
Americans are to be dragged from their homes and detained, or that roadblocks
are to be set up to prevent freedom of travel, must soldiers and American
nationals obey this order?

Answer:
First, this Executive Order (in fact any order or command from the WHITE HOUSE
Corporation) is only valid and applies only to employees of the WHITE HOUSE
Corporation, and absolutely no one else.

Second, Soldiers and American nationals are under no legal or lawful obligation to
obey Executive Orders from the WHITE HOUSE Corporation, nor soldiers in response
to orders from superiors that are based on Executive Orders from the WHITE HOUSE
Corporation.

Question:
What is the address of the WHITE HOUSE Corporation?

Answer:
The address of the WHITE HOUSE Corporation is
1600 Pennsylvania Avenue NW
Washington, DC 20500-0004

Question:
Who is the CEO of the WHITE HOUSE Corporation?

Answer:
At present, Barack Obama.

Question:
Is the CEO of the WHITE HOUSE Corporation the Commander-
in-Chief of the armed forces?

Answer:
No, the CEO of the WHITE HOUSE Corporation is an appointed
position and he/she can not be the Commander-in-Chief of the
armed forces.

Question:
Can anyone be the CEO of the WHITE HOUSE Corporation?

Answer:
Anyone who is appointed by the Board of Directors may be CEO of the
WHITE HOUSE Corporation. There are no particular requirements
such as being a natural-born citizen; anyone – even Vladimir Putin
can be CEO/President.

Question:
Who is the Commander-in-Chief of the armed forces?

Answer:
Both the question and the answer are very embarrassing. Presently,
there is no Commander-in-Chief of the armed forces.

Source