Hello once again ATS,
There have been a couple of interesting development since I last posted my last thread, and I feel it deserves a particular attention.
Before we start, if you are still new to this situation, I urge you to visit these links:
Massive Wave Of Resignation From Top Level Bankers. The Elite Are Loosing Their Grip or/and
SHTF (Part I)
Massive Wave Of Resignations (Part II): More Fuel To The Fire, Arrests And Forced
Resignations In Full Effect
Massive Wave Of Resignation (Part III): Momentum Building Up, Eleven Bankers Resign Today
Massive Wave Of Resignation (Part IV): It's Not Slowing Down!
Massive Wave Of Resignation (Part V): The New Bandwagon
List of resignations in the financial/banking sector, compiled by
List of resignations from the corporate and political sector, compiled by an anonymous
LordOfAcadia's Thread: EDGAR database research on resignations
I also want to thank the blog American Kabuki
for all the research he has done. The owner of the
blog has stated yesterday he won't be updating his massive list anymore. You have done a great job pushing this awareness into the web.
Now what's new?
We've all heard about the
Goldman Sachs top executive who has resigned
and published a
"shocking" editorial against the bank and the banking system in
Over the course of my career I have had the privilege of advising two of the largest hedge funds on the planet, five of the largest asset managers
in the United States, and three of the most prominent sovereign wealth funds in the Middle East and Asia. My clients have a total asset base of more
than a trillion dollars. I have always taken a lot of pride in advising my clients to do what I believe is right for them, even if it means less money
for the firm. This view is becoming increasingly unpopular at Goldman Sachs. Another sign that it was time to leave.
This story has gone viral on the web, and it was quickly picked by the mainstream media. The editorial has delivered a real blow to the bank. In fact,
Goldman Sachs has lost
2.7B, or 3.4%
the day after the editorial was published. This would be the third most drastic lost of the bank since it has been created. Way to
give credibility to the big banks eh?
What does this resignation mean? That one is puzzling. This guy looks honest and true to his values. This may be smoke and mirrors, but it does look
like this guy is leaving only because he can't stand the corruption of the bank anymore. Some people have been talking about a consolidation of power
from the elite, that the people resigning could be the good guys. Well, here's one, though this is not a forced resignation, but a fully voluntary
Now for a really big resignation...
Craig Donohue, CEO of CME, has announced he will be resigning at the end of
. Although he will be resigning once his contract expires (bonuses), he has been working for CME for 23 years and is planning on
completely leaving the company for "undisclosed reasons" (pursuing other opportunities).
Interesting enough, this comes a day before CME announced they won't be treating
. This is a giant move from the company because CME was one of the biggest organization that was treating derivatives (in
other words, legal money laundering for financial criminals). Derivatives aren't really my forte so I won't go further. However, I'll be quoting the
website Road To Roota on this situation:
Source: Road To Roota
Did you catch that the removal of the status was "AT THE REQUEST OF THE CME"? There is a RAGING wildfire behind the scenes as the entire
$50,000,000,000,000 Credit Default Swap market is imploding due to the Greek default. The losses will come fast and furious once the auction is held
on March 19th. The ISDA's 2009 "Big-Bang Protocol" will be put to the test next week.
What does it mean? I don't know, but this definitely classifies as a major resignation. CME is the biggest financial regulation organization in North
America (arguably, the biggest of the world), and it has a major role in the financial world. We're talking about a big player here.
This one is a very interesting one. DONG's CEO has resigned
post for undisclosed reasons (pursuing other opportunities...again). Strangely enough, the energy company has been told they will be investigated on
suspicions of questionable executive decisions. It does look like this man is running away from investigation, another theory that is popular.
Other noteworthy resignations:
Rowan Williams resigns as archbishop of Canterbury
Director Who Gave Contracts to Own Company Finally Resigns
The archbishop of Canterbury, Dr Rowan Williams, is to resign and return to academia as master of Magdalene College, Cambridge. Williams, 61, will
leave at the end of December in time to start his new role next January.
This would be another example of corrupted official resigning their post. I would suggest you to read the whole article.
The first woman to lead the Defense Advanced Research Projects Agency (DARPA) is headed to the private sector, leaving behind accusations that she
enriched her company while running the agency. DARPA funds projects that explore the cutting edge of technology as they relate to national security.
Regina Dugan, who was appointed three years ago to run DARPA, will be moving to Google. A defense spokesperson said her departure had nothing to do
with the ongoing probe by the Pentagon’s inspector general.
The Defense Department Inspector General is looking into hundreds of thousands of dollars in contracts that DARPA gave out to RedX Defense, a
bomb-detection firm that Dugan co-founded, and still partially owns.
edit on 16-3-2012 by Gab1159 because: (no reason
edit on 16-3-2012 by Gab1159 because: (no reason given)