Credit Suisse MD Dies In Freak Accident After Slipping Through Chairlift And Being Suffocated By His Own Jacket

by Tyler Durden

Thu, 02/20/2020 - 04:15

Almost exactly 10 years ago, we detailed the tragic death of Gerard Reilly in a skiing accident - the point man on Repo 105, the point person for E&Y's "investigation" into the Matthew Lee whistleblower campaign, Lehman's Level 2 and Level 3 asset valuation, the brain behind the idea to spin off Lehman's commercial real estate business, Lehman's Archstone investment, and likely so much more:

[Reilly] was skiing alone on the John's Bypass Trail, a connector between the Excelsior and Lower Cloudspin ski runs that's accessible from either the Cloudsplitter Gondola or the Summit Quad chairlift, when he left the trail and hit a tree. A skier following behind Reilly witnessed the incident and contacted ski patrol.

…not only was he was a decent skier but he was over 6'4" tall and wearing a helmet - it may always be a mystery to us how he succumbed to his injuries so fast…

The reason we bring this up is that an investigation continues in Colorado after the death of a skier in the popular tourist town of Vail.

The skier, 46 year old Jason Varnish of New Jersey, was Credit Suisse Managing Director, and served as the bank's global head of prime services risk

In what can only be described as a freak accident, Varnish reportedly died of asphyxia and his death was ruled an accident after he slipped through the seat of the lift and his coat got caught. The incident took place at the Blue Sky Basin section of the Vail Ski Resort.

The skier reportedly suffocated to death after being "caught in a chairlift" and the incident marks about the 8th skier death in Colorado this year, which marks a pace slightly lower than last year, according to the Washington Post.

Kara Bettis, local coroner, commented:

“We are still investigating how this whole situation happened. According to our initial investigation, the deceased slipped through the seat of the chair lift and his ski coat got caught up in the chair."

His folding seat was left in the upright position, so when Varnish went to sit down, he slipped through the seat before his coat got caught around his head and neck, cutting off his airway. Ski patrol then performed CPR, but Varnish was pronounced dead at the hospital.

Joseph Bloch, a Colorado attorney who litigates ski incidents, immediately seemed to blame the operators of the lift:

“They should’ve just hit the stop button, there’s an emergency stop and there’s a slow stop and if they’re doing their job they could hit the slow stop before the guests are loading.”

But, more seriously, we are sure it's just a coincidence that 10 years after the man at the center of the Lehman debacle dies mysteriously, a very senior Credit Suisse MD dies in a freak accident as the bank faces ongoing issues from its 'spying' scandal (just 5 months after 'the spy' was found dead.)

https://www.zerohedge.com/health/credit-suisse-md-dies-freak-accident-after-slipping-through-chairlift-and-being-suffocated

Reminds me of the weird deaths from James Bond movies.

Mulvaney says US 'desperate' for legal immigrants to boost economy: report

By Rafael Bernal - 02/20/20 04:40 PM EST

Acting White House chief of staff Mick Mulvaney told a private audience Wednesday that the U.S. needs more immigrants to keep the economy growing, according to an audio recording of his remarks obtained by The Washington Post.

“We are desperate — desperate — for more people,” Mulvaney said at the gathering in England. “We are running out of people to fuel the economic growth that we’ve had in our nation over the last four years. We need more immigrants."

Mulvaney's comments on immigration were revealed in the wake of a separate speech in England, also first reported by the Post, where he called out Republicans for ignoring budget deficits under President Trump.

"My party is very interested in deficits when there is a Democrat in the White House. The worst thing in the whole world is deficits when Barack Obama was the president. Then Donald Trump became president, and we’re a lot less interested as a party," Mulvaney said at the Oxford Union.

Mulvaney's comments on immigration appear to put him at odds with other administration officials, such as White House adviser Stephen Miller, who have taken steps to cut both legal and illegal immigration.

But according to the Post's review of the recording, which was not made publicly available, Mulvaney highlighted the points-based immigration systems of countries like Canada and Australia, which Trump has praised in the past.

Several studies have warned that the U.S. economy will require more immigrant labor to keep expanding, as many American workers drop out of the labor market due to age, automation and other factors.

A paper released in August by the Migration Policy Institute said that increased immigration would likely be an overall benefit to the economy in a changing labor market, but "it can negatively affect some low-skilled workers, who have already been hard hit by technological change, globalization, and weakening labor unions."

https://thehill.com/homenews/administration/483934-mulvaney-says-us-desperate-for-legal-immigrants-to-boost-economy