Wave of Banking Resignations Likely Foreshadows Financial Collapse
Saturday, March 24, 2012
On March 20, 2012, I wrote an article entitled “Worldwide Banking Resignations Triple According To Revised Numbers: Why Now?” which listed the latest banking, CEO, and financial institution resignations as compiled by independent blog, American Kabuki. At the time of the writing of that article, the list of resignations had reached a total of 358.
This was in fact the third article I had written on the subject; the second being a discussion on the statistics provided by American Kabuki regarding the average number of resignations in years past compared to those currently being announced which, if the information is correct, skyrocketed in late 2011.
In all three of the articles in which I addressed this topic, I ended the piece by asking the obvious question — “Why?”
Why are so many bankers, board members, and CEOs suddenly resigning from their posts? More specifically, why are they resigning now?
Unfortunately, as of this writing, these questions remain unanswered. In fact, there is not even a hint as to why this mass exodus is occurring. Nevertheless, let us briefly consider a few possibilities.
Initially, one might suspect that these individuals, acting on some sort of insider information (which they are obviously doing), are exiting the ranks of institutions that will soon be the focus of a massive investigation by relevant authorities. One might logically suspect that the rats are jumping ship to save their own skins which will be all the more in danger if they remain in their positions when the investigation begins.