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What’s behind epidemic of financial industry suicides?
New York Post ^ | 03/24/2014 | Michael Gray

Posted on 03/24/2014 6:31:13 AM PDT by SeekAndFind

A rash of eight financial-industry suicides so far in 2014 has mental-health professionals trying to understand what’s behind it.

In late winter many people suffer from depression, but for bankers this is usually offset by finding out how large their bonuses will be.

However, compensation across the entire financial sector is down from years past as large firms deal with new rules pinching their bottom lines.

The other, more pressing matter for mental health pros is: Why are such a large proportion of these self- murders public affairs?

While there are no definitive theories on suicide location, many in the suicide- prevention field believe it deserves more research.

Six of the eight mysterious deaths have been from a building or in front of a train. Half of them were at work or en route.

“Our world has become so social — and the barriers of privacy have been [so] broken down. Perhaps that could be a reason for the public displays, especially for those in their 20s,” says says Carolyn Wolf, executive partner and director of the mental-health law practice at Abrams Fensterman in Midtown.

Alternatively, Dr. John Draper, project director of the National Suicide Prevention Lifeline, suggests it has more to do with access to means than anything else.

“If you live or work in a high-rise or have access at work to harmful items — like a gun — then that could be most lethal means available, without any further meaning to location.”

But talk to any financial pro, and he or she will tell you the culture around the trading desks has changed.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: bankingsuicides; cabal; deaths; finance; jpmorgan; suicide; wallstreet

1 posted on 03/24/2014 6:31:13 AM PDT by SeekAndFind
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To: SeekAndFind

A Study in Pink.


2 posted on 03/24/2014 6:32:29 AM PDT by FrdmLvr ("WE ARE ALL OSAMA, 0BAMA!" al-Qaeda terrorists who breached the American compound in Benghazi)
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To: SeekAndFind

Does anyone seriously believe these are all suicides?


3 posted on 03/24/2014 6:33:01 AM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: SeekAndFind
Even if all of these deaths were of people "in the financial industry" - which they actually weren't - eight suicides worldwide in a high stress industry that employs millions is not particularly surprising.

This NY Post reporter seems extremely exercised by what he perceives as a pattern - but has he done any research on historical statistics?

4 posted on 03/24/2014 6:36:50 AM PDT by wideawake
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To: wideawake

Who cares?


5 posted on 03/24/2014 6:41:16 AM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: wideawake

Good point, there seems to be no comparison to other Industry suicides, let alone any comparisons.


6 posted on 03/24/2014 6:41:18 AM PDT by celmak
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To: DIRTYSECRET

Clearly, you do.


7 posted on 03/24/2014 6:43:11 AM PDT by wideawake
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To: BenLurkin

NO and it’s up to 13 now I think...last one was 28 on vacation with his family and jumped off the roof of the hotel.


8 posted on 03/24/2014 6:49:31 AM PDT by MarMema (Run Ted Run)
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To: wideawake

industry that employs millions is not particularly surprising.

______________

My research so far shows about 100,000 investment bankers world wide. Small pool


9 posted on 03/24/2014 6:55:17 AM PDT by Chickensoup (Leftist totalitarian fascism is on the move.)
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To: MarMema

I heard on a conspiracy radio station that it was up to 30 and it wasn’t as wild as Alex Jones.


10 posted on 03/24/2014 7:04:06 AM PDT by mountainlion
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To: Chickensoup
My research so far shows about 100,000 investment bankers world wide. Small pool

I believe one of these eight suicides may have been an investment banker.

Not everyone in the financial industry is in investment banking - far far more are in fund management and trading strategies.

If you include people who work in IT for banks - as this list of suicides does - then it's a much bigger pool.

If you include retired bank employees - which this list of suicides does - then the pool gets bigger.

If you include people in the insurance industry - as this list of suicides does - then the pool expands even further.

If you include people involved in the transactional side of ecommerce - which this list also does - then pool expands by yet another magnitude.

11 posted on 03/24/2014 7:10:46 AM PDT by wideawake
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To: SeekAndFind

If money is their be all and their end all, their only goal in life, and they lose it, they see no point in living.


12 posted on 03/24/2014 7:26:49 AM PDT by I want the USA back (Media: completely irresponsible traitors. Complicit in the destruction of our country.)
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To: SeekAndFind
What’s behind epidemic of financial industry suicides?

Fed pumping.


13 posted on 03/24/2014 7:27:11 AM PDT by SkyPilot
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To: SeekAndFind

There’s someone around here saying it’s all Obama’s doing.


14 posted on 03/24/2014 7:28:05 AM PDT by DoodleDawg
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To: SkyPilot

RE: Fed pumping.

Will anybody sue Janet Yellen? :)


15 posted on 03/24/2014 7:36:20 AM PDT by SeekAndFind (question is this)
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To: SeekAndFind
BANKER SUICIDES THE PREQUEL TO GLOBAL COLLAPSE

http://www.silverdoctors.com/gerald-celente-banker-suicides-the-prequel-to-global-collapse/#more-40280

16 posted on 03/24/2014 8:12:41 AM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: I want the USA back

So one went to his garage (supposedly) and shot himself to death with a nailgun, both head and torso.


17 posted on 03/24/2014 12:17:16 PM PDT by MarMema (Run Ted Run)
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bfl


18 posted on 03/24/2014 3:21:36 PM PDT by Faith65 (Jesus Christ is my Lord and Savior!)
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