Nut-job Conspiracy Theory Ping!
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Posted on 04/29/2014 6:04:12 AM PDT by Renfield
This keeps looking worse and worse.
Pinging Null & Void for a Dead Bankers Ping.
Please ping Nachum too.
Bank Owned Life Insurance (BOLI) is a common practice in the financial services industry.
I cannot speak to international banks, but in the United States there are specific regs governing the practice. The Bank may only insure executive level officers and up. They must have the written consent of the individuals to be insured and have the bank named as beneficiary and the proceeds of any policy paid upon death must be used to cover retirement plan benefit funding.
Most banks invest in products that provide a steady stream of dividends from the initial policy investment premium. This helps steady revenue and minimize the damage to the banks quarterly numbers in down cycles of the economy. The concern is on the balance of knowing when to get the assets out of certain investments before they downturn and cause the underlying premium values to plummet this mandating additional premiums to maintain insured values or loss of insured values.
Failure to properly monitor these investments and act on market fluctuations has caused some very big banks to litigate against some very big insurance and investment houses losses in the 8 and 9 figure range. The argument is usually the bank accusing the investment house of minimizing or misrepresenting material facts and the investment house countering that the bank was addicted to the dividends because they helped make the quarterly numbers and were afraid of upsetting stockholders - in so doing they stayed in the investments at issue too long and rode it into the dumpster.
I also know someone whose father was murdered by his financial sector business partner for the sake of the insurance payoff.
bkmk
If you can’t trust your banker who can you trust?.
The Bank Dick with WC Fields
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...
Great deal for the bank- you insure for 10 million than have a former U.S. Gov. spook take them out. What could it cost 100k or 200k and your up 10 million or more.
These guys aren’t being killed for life insurance. This is a red herring and a rabbit trail. When you make billions, you don’t knock people off for millions.
If they were bumped off, it was because they knew something, or were used to keep someone else quiet.
Come on, we all know that the Tri-Lateral Commission and the Illuminati are behind this. Now, please adjust your tin-foil hat and go get a cup of nice hot chocolate from mommy.
As a former bank person forced into semi-retirement due to the company’s self-imposed “brain drain” that cuts their costs so the executives can make an extra million or two, I have no love for the mega-banks in this country. But let’s be serious here, buoys and gulls...
Dead Bankers = “Trade Secrets” ping.
A current list....
Dead Bankers: An employee of the Bred-Banque Populaire, 52-year-old female banker at France's Bred-Banque-Populaire, 52 Year-Old French Banker Jumps To Her Death In Paris (After Questioning Her Superiors)
Dead Bankers: Li Jianhua, director of China's Banking Regulatory Commission; Banker Death 'Epidemic' Spreads To China
Dead Bankers: Paribas Fortis, BNP Banker, His Wife And Nephew Murdered In Belgium
Dead Bankers: Juergen Frick, CEO of local financial institution Bank Frick & Co. AG, CEO Of Liechtenstein Bank Frick Murdered
Dead Bankers: Jan Peter Schmittmann, his wife and a daughter: ABN Amro Ex-CEO Found Dead ; Ex-ABN Amro CEO Killed Family Before Hanging Himself
Dead Bankers: Huibert Gerard Boumeester; former chief financial officer of Dutch bank ABN Amro found dead with shotgun wounds near his home in Surrey, ABN Amro Ex-CEO Found Dead
Dead Bankers: Kenneth Bellando , 28-Year Old Former JPMorgan Banker Jumps To His Death, Latest In Series Of Recent Suicides
Dead Bankers: Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group: Trader kills self in finance world’s latest suicide
Dead Bankers: Jason Alan Salais, Another Sudden Death of JPMorgan Worker: 34-Year Old Jason Alan Salais,
Dead Bankers: Autumn Radtke, CEO of Bitcoin, Bitcoin Claims Its First "Real" Victim ; American Bitcoin exchange CEO found dead in her Singapore home after suspected suicide at age 28
Dead Bankers: James Steward Jr., Former National Bank of Commerce CEO, Another "Successful Banker" Found Dead
Dead Bankers: Does The Trail Of Dead Bankers Lead Somewhere? ... Do recent events tie into the deaths? China selling off U.S. Treasuries, Buying Gold, Soros betting on a huge market fail....
Dead Bankers: Li; Second JPMorgan Banker Jumps To His Death: Said To Be 33 Year Old Hong Kong FX Trader
Dead Bankers: Ryan Henry Crane; Another JPMorgan Banker Dies, 37 Year Old Executive Director Of Program Trading ; Crane was an Executive Director in JPM's Global Program Trading desk ; JP Morgan Vice President's Death in London Shines Light on Banks close Ties with CIA ; JP Morgan Executive Becomes 5th Banker to Die in Last 2 Weeks
Dead Bankers: Richard Talley, founder and CEO of American Title, was found dead in his home from self-inflicted wounds - from a nail-gun. ; 4th Financial Services Executive Found Dead; "From Self-Inflicted Nail-Gun Wounds" ; Under investigation, American Title CEO dead in grisly suicide ; "Nail Gun Suicide" Banker's Firm Probed Over Missing Millions
Dead Bankers: Mike Dueker: Russell Investments' Chief Economist (and former Fed economist); Third Banker, Former Fed Member, "Found Dead" Inside A Week ; Another American banker commits suicide as New Mexico family demand answers over workload of banking executive who jumped to his death in London ; Subud cult and a World Bank? "A Bank for Mankind" ; Subud, Obama and Laurel Canyon rock hits - a connection? (also possible CIA links with Rubin, Geitner)
Dead Bankers: Gabriel Magee, JP Morgan Banker & William "Bill" Broeksmit, Duetch Bank Senior Manager: (under working theories); Two London Bankers commit suicide on the same day ; Suicides come on the same day as Obama's State of the Union address where he proposes government guaranteed retirement accounts offered through the US Treasury; State of the Union 2014: Obama touts 'MyRA' retirement savings proposal ; Deutsche Bank-er Explains Why He Committed Suicide
Dead Bankers: Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, although the circumstances surrounding his death are still unknown.; London rocked by City suicides
Dead Bankers: Other financial industry deaths/missing persons possibly related? - Exposing what lies beneath the bodies of dead bankers and what lies ahead for us -->Missing Wall Stree Journal Journalist David Bird, and Car Executive (suicide) Karl Slym; writer Doug Hagmann makes the case for "house cleaning" by connecting JP Morgan and Deutsche Bank, together with The White House, CIA and the NYPD to hide global criminal activity. Hagmann makes the assertion of a massive global banking conspiracy with transcends multuple administrations. Karl Slym was connected to Tata Motors and Deutsche Bank, while David Bird was reporting on market manipulation of commodity markets.
Dead Bankers: The Krim Children: CNBC Exec’s Children Murdered, 1 Day After CNBC Reports $43 Trillion Bankster Lawsuit ; Police: Nanny stabbed herself upon mother's arrival ; Screen Shot of original CNBC Article : Another source for article: ...Targets of Spire Law Group; Law Suit Documents ; Book; "Bankster Chronicles"
Dead Bankers, Pierre Wauthier: Senior boss at insurance giant Zurich is found dead in his apartment ; Suicide Banker's Widow Blasts Alleged "Cover-Up", Asks "Unbecoming Questions"
Dead Bankers: Related Articles Suspicious Deaths Of Bankers Are Now Classified As "Trade Secrets" By Federal Regulator
Dead Bankers, Related Articles : Patterns Emerging Theory..:YET ANOTHER BANKER JUMPS TO HIS DEATH: PATTERNS EMERGING?
And the whole file... The Obama "Dead Pool"
Mark
Next we learn that four of the Wall Street mega banks likely hold over $680 billion face amount of life insurance on their workers, payable to the banks, not the families. We ask their Federal regulator for the details of this life insurance under a Freedom of Information Act request and we’re told the information constitutes “trade secrets.”
Amazing how insanely evil everything is. We hit bottom and now Big Bertha is drilling to the lower planets. BTW you have the best graphics for this ping list. Gallows humor is needed.
Now that I’ve read the whole thing, it’s clear that this holding life insurance for current and former employees payable to the banks is common practice and has been for a long time, apparently.
DOesn’t make it any more savory. And doesn’t change the fact that a large number of young men and a woman or two, have died very suspiciously lately.
But now they are all “trade secrets”.
If that isn’t an admission of something screwy going on....
Really.Here,s a bump.
Hitmen are now tradesmen.
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