© Reuters / Brendan McDermid
Two big, macabre stories came out of Wall Street recently: the rash of banker deaths by apparent murder and/or suicide, and speculation that bank CEOs themselves are behind the trend to cash in on the insurance.
It turns out that banks take out life insurance policies on their employees, and those policies pay out death benefits to the banks - not the families
. In other words, to add to the banks' other crimes, they appear to also be involved in the "suicides" and deaths of their own, as a way to fatten their bottom line and bonuses.
Should we be surprised by this banker-on-banker death scam? After all, wasn't this what 9/11 was all about?
A new book by James Rickards, 'The Death of Money' (read: 'Death of Bankers'), opens with a timeline starting three days before the 9/11 attacks on the Twin Towers and describes them from a first-person account from inside the CIA, which was monitoring trading on airline stocks (specifically 'put options'), from traders who were profiting from the 9/11 disaster.
Jim Rickards is both a Washington insider and a Wall Street insider. He's a hedge fund manager and a lawyer who, amongst other roles, advised the government during the collapse of Long Term Capital Management (LTCM), as well as during the release of the hostages during the Iran Hostage Crisis of 1981. If anyone has the inside track on the Wall Street-Washington corridor of corruption, it's Mr. Rickards. And in his new book, he provides an eyewitness account of 9/11 insider 'terror trading' that was missing from the government's own report. Rickards is an unimpeachable source, and he has done a great service by blowing the whistle on this scandal, at least partially.