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Freddie Mac’s Acting CFO Found Dead

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Posted on Apr 22, 2009
Freddie Mac
bloomberg.com

Freddie Mac, after receiving billions in loans from the government, is still being flooded with loan defaults by homeowners.

The acting chief financial officer for housing lender Freddie Mac, David Kellermann, was found dead Wednesday morning in what appeared to be a suicide. If the death is ruled a suicide, Kellermann will be the seventh high-profile financial services executive to have taken his own life under stress from the current economic crisis.

The Guardian:

The acting chief financial officer of troubled US mortgage giant Freddie Mac was found dead in an apparent suicide this morning.

David Kellermann, 41, was found dead in his home in Vienna, Virginia on the outskirts of Washington, before dawn. Fairfax county, Virginia police said no foul play was evident and that the cause and manner of death was under investigation by the state medical examiner. CNN reported Kellermann had hung himself, citing a law enforcement source. Police spokeswoman Lucy Caldwell said police responded to the house just before 5am (10am BST). She would not say who called police but said others were in the house.

Kellermann was named acting chief financial officer in September, after Anthony Piszel resigned following a government-takeover of the firm and a dramatic internal shake-up of the management. He reported directly to Chief Executive Officer John Koskinen. Before that he was senior vice-president and led the company’s accounting and finance operations.

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By Nomad, May 4, 2009 at 1:15 am Link to this comment
(Unregistered commenter)

The fact that Kellermann was an executive at Freddie Mac has to bring into question a variety of conspiracy theories

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By godistwaddle, April 25, 2009 at 5:17 am Link to this comment

An honorable banker?  One in a million.  The rest we’ll have to hound to their lairs and drag them, howling that they’re better than we, to the lamp-posts

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By mud, April 23, 2009 at 11:45 am Link to this comment

If only a few thousand bankers and politicians would follow this brave gentleman’s lead.

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Blackspeare's avatar

By Blackspeare, April 22, 2009 at 4:42 pm Link to this comment

Lets see….he worked for Freddie Mac for 15 years before he was promoted to CFO.  He, no doubt, made much money in that time and more than likely invested wisely so money should not have been a problem.  Also, he had to have been under much pressure working for FM so he was used to pressure even from the authorities.  Did he have depression——probably not.  Did he know too much——probably so.  Any further questions?

Oh, one more thing, in the nefarious world of human endeavors, hanging someone is considered a perfect crime though it usually takes, at a minimum, two trustworthy people.

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By freeyourmind, April 22, 2009 at 11:30 am Link to this comment

Coming from the controlled media this means very little to me.This is how it is done people, all voices silent.

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By samosamo, April 22, 2009 at 10:48 am Link to this comment

Less one more of the ‘best and brightest’, self administered it is believed. Was mentioned on msnbc that ““Federal prosecutors in Virginia have been investigating Freddie Mac’s business practices. But two U.S. law enforcement officials, who spoke on condition of anonymity because they were not authorized to discuss the Freddie Mac investigation, said Kellermann was neither a target nor a subject of the investigation…”“. And another ‘condition of anonymity’ source of ongoing investigation that reportedly did not include this guy. And neighbors describe him and his as ” called the family a “solid, salt-of-the-earth kind of family”, so why would he kill himself?

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By Allan Krueger, April 22, 2009 at 10:33 am Link to this comment

I read that he was found hanging from a rope… Could prove to be a suicide? Guess they should have given him a bigger bonus!

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