Another banker jumps

This is No. 7:

A man on Tuesday jumped to his death from the top of Chater House in Central, where Wall Street bank JP Morgan has its Asia headquarters, witnesses told the South China Morning Post.

The man, said to be in his early 30s, went to the roof of Chater House, a landmark 30-floor building in the heart of Hong Kong’s central business district – also near the city’s stock exchange – and jumped.

The incident happened between 2pm to 3pm, a witness said.

Several policemen were seen on the roof but apparently failed to convince the man not to jump, one of the witnesses said.

Max Kaiser thinks it’s because the foreign exchange trading desks are being replaced with computers.

3 thoughts on “Another banker jumps

  1. The corporate media is reporting that a JP Morgan employee “falls to his death in Hong Kong.” Even the propagandists are becoming sensitive to how many Capitalists are taking a plunge these days.

  2. Golly, that’s kind of a Luddite thing coming full circle, or something. Couple hundred years ago the very skilled textile workers found their services were no longer needed when management replaced them with machines and unskilled labor that could do their jobs cheaper.

    And now the same thing is happening to some big money honchos who likely thought they had it made.

    Guess not.

    Of course, these guys were also privy to one last reading of the financial tea leaves, too. And then they jumped.

    A harbinger? Or just more proof that there is an ever greater dawning among those in the know that the circle of those who will be rewarded by the Global Corporate Capitalist system is only going to keep getting smaller and smaller.

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