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Freddie Mac CFO Dead In Apparent Suicide

From a seemingly surprised Washington Post:

Freddie Mac Official Dead in Apparent Suicide

By Tom Jackman, Debbi Wilgoren and Zachary A. Goldfarb
Wednesday, April 22, 2009

The acting chief financial officer of troubled mortgage giant Freddie Mac was found dead in his Fairfax County home early this morning after apparently committing suicide, Fairfax police said.

David Kellermann, 41, was a longtime Freddie Mac executive who joined the firm as an analyst in 1992. Police were called to his stately red brick home in the upscale Hunter Mill Estates subdivision shortly before 5 a.m., police spokesman Eddy Azcarate said. The call was made by someone inside the home, which is on a tree-studded corner lot in the 1700 block of Raleigh Hill Road.

Azcarate said Kellermann’s body was found in the basement. There was no immediate information about whether he left a suicide note, or what may have prompted him to take his own life.

Kellermann was named acting chief financial officer of Freddie Mac last September, when the federal government seized Freddie Mac and ousted its top executives.

The company, along with sister company Fannie Mae, had made risky mortgage-related investments that were causing billions in losses. The two firms have received nearly $60 billion in government bailout funds.

Freddie Mac has been conducting a public search for a permanent chief financial officer.

Life has changed dramatically for Freddie Mac employees in the year since the housing market crashed and the economy entered a major downturn.

Once a high-flying finance company, the company has been transformed into a quasi-government agency, carrying out big parts of the Obama administration’s housing recovery plan.

The companies were criticized on Capitol Hill earlier this month after outlining plans to pay $210 million in retention bonuses to 7,600 employees over 18 months. But the federal regulator who oversees the companies, James B. Lockhart, defended the proposed bonuses, saying those currently working at the companies "are an important part of the solution and not the problems of the past." …

Notice that even in a story about an apparent suicide the Washington Post cannot refrain from re-writing history:

Once a high-flying finance company, the company has been transformed into a quasi-government agency…

When was it not a quasi-government agency?

No, the Post wants us to believe Freddie Mac did all of its “risky loans” when it was a greedy private, purely capitalist company.

They don’t want their readers to even suspect that the government was at the root of most of our current financial problems.

This article was posted by Steve on Wednesday, April 22nd, 2009. Comments are currently closed.

13 Responses to “Freddie Mac CFO Dead In Apparent Suicide”

  1. Media_man says:

    Timing is everything. If the poor schlup had been CFO a few years earlier he could have looted the company for tens of millions of dollars while cooking the books, and live today like a Saudi King.

    How bad are things at Freddie anyway?

    And how do they find some CEO with enough sense of shame to committ suicide? Was this guy even remotely responsible for the present mess? It’s hard to believe.

    If anyone was going to kill themselves it would be Gorelick or Raines.

    • Liberals Demise says:

      Now….who’s next and will it be a whimpering Barney or a shaky Chris?

      Hold on there boys and girls………I smell a clinton smokin’ gun on this one!
      Remember how everyone close to the clintons who knew or had something on them commited suicide? At that time it wasn’t popular to be a friend of the clintons. Could this be a new wave of clinton hits? Seeing we really have a revamped clinton White House…..just a new Houseboy.

    • Demise.. I was thinking the same thing.

      There WERE a few curious suicides.. then. He did have a clear understanding of WHY this failure happened. (being in the middle and all)

      Just saying…

    • jobeth says:

      Me too. This was the first thing I heard this morning and the first thing I thought of was all the Clinton “oddities”.

      I am suprised that its within Obalmy’s first 100 days. I would have thought it would have been at least a little later…then again seems a lot of details could very well come to the surface…if only he didn’t commit “suicide”. Ummmm…

      This is number 1…..let’s keep count in the next few months…years. Gonna be interesting.

    • canary says:

      Liberals Demise (computer won’t delete (smis) sorry) , first thought too. The list of dead in the Clinton Chronicles revised version is scary. Could be this guy was going to go public on somethings.

  2. proreason says:

    Condolences to the man’s family….but what did he know, and when did he know it?

    • Right of the People says:

      Methinks he may have been contemplating spilling the royal beans on Sir Chrissie of Dodd or Lady Fwank. Tis a scary time to live in these United States of Amerika.

    • MinnesotaRush says:

      Exactly PR .. what did he know that we should know .. need to know?

      And by all means, yes .. condolences to his loved ones.

    • jobeth says:

      Talking about his family…If what we suspect is true…on top of losing a loved one, can you imagine how scared this poor widow is right now?

      We may never know what happened here, but the pressure on this woman has to be gigantic.

      My prayers are with her and their children and family.

  3. GL0120 says:

    What can I say, it’s a good start.

  4. Confucius says:

    Is Senator Grassley happy with this? Not quite AIG but close.

    • canary says:

      Confucius, good point. Grassley and Obama should have been labeled Left-Wing Terrorists on that Homeland Security Report! !!! For their violent intimidation and ideologies that this man and others should blow themselves up. I’d call it a “hate crime”, towards very vulnerable bankers being harrassed by some other Left Wing Terrorists name Acorn, that also should have been listed in the Homeland Security Report. They just lied to the world, that it was his fault. And still, we will never know how he died. I mean, Foster was dropped off in a park. Clinton had people die in Waco, Murray Building, and 9/11.

  5. Reality Bytes says:

    My condolences to the Kellerman’s family. Nothing is worth the loss of a loved one, except liberty. God help anyone who may have driven this man to such desperation.

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