What These "Mysterious Banker Deaths" Tell Us About Our Global Banking System - InvestingChannel

What These “Mysterious Banker Deaths” Tell Us About Our Global Banking System



Less than two weeks before David Rossi jumped, fell, or was pushed backwards out of his office window, Italian financial police raided his home and office. What we know now is that most of his colleagues, including the guys who checked to make sure he was dead after the fall, are under indictment for various counts of financial wrongdoing. The bank, Monte dei Paschi di Siena, is the oldest in the world…

In the weeks before Rossi went out the window, both Monte dei Paschi and Deutsche Bank executives knew they had a problem… Project Santorini, Project Alexandria, and at least another 30 similar transactions [to cover up losses dating to the 2008 financial crisis] had the banks’ fingerprints all over them.

Meanwhile, bankers from Seattle to Siena kept turning up dead. Most of them didn’t have financial, marital, or personal problems. Here one day and gone the next. The press didn’t ask many questions. In total, 72 bankers turned up dead, by our count…