Freddie Mac CFO Hangs Himself
The body of the Chief Financial Officer of government-owned mortgage behemoth Freddie Mac was found hanging in the basement of his Virginia home in an apparent suicide, police are saying.
David Kellermann, 41, was a sixteen-year veteran of Freddie Mac.
He became CFO last September when the government assumed control of the agency.
Prior to becoming CFO, Kellermann was corporate controller and principal accounting officer – meaning it is highly likely that he had a bird’s eye view of all the Enron accounting that was taking place at the agency.
Securities reports show that Kellermann was slated to receive a $850,000 bonus this year.
Police said there was no evidence of foul play, and that Kellermann’s body was discovered by his wife.
Update – Freddie Mac is delaying a note sale scheduled for today as a result of Kellermann’s death.
Comments
By Vince Foster on April 22nd, 2009 at 10:49 am
Hey, welcome to the Club.
By Mickey Blue Eyes on April 22nd, 2009 at 11:38 am
Either he knew he was personally responsible and would be going to prison for the rest of his natural life sooner or later, or he knew who were responsible but knew that they would never be convicted due to powerful friends in Congress and he would be made the fall guy.
By UpYers on April 22nd, 2009 at 2:30 pm
It’s the Japanese thing to do…honor…
By Old Bike Dude on April 22nd, 2009 at 4:08 pm
Was he aware he could be arrested for tying a hangman’s noose. Good thing they didn’t find his body in La.
By James the Foot Soldier on April 22nd, 2009 at 5:16 pm
y’all are too cold – God help his wife and family
By reggie on April 22nd, 2009 at 9:14 pm
dang, thats very unfortunate…
i knew life/the economy was bad, but not THAT bad.
but this just shows how money and greed (and capitalism!) lead to corruption.
i thought this was a joke the first time i read it…. dang.
By Mab on April 22nd, 2009 at 11:15 pm
Was it just a burden he couldn’t bear? Knowing that between The Federal Reserve and his outfit lies the source of our country’s possible economic collapse?
God be with his family. Only God knows how much a person can or cannot bear.
By lou on April 23rd, 2009 at 10:05 am
certainly we should wonder if he was ” suicided”….
But Fannie and Freddie, Countrywide,Circuit City, and yep GM have a tremendous connection that everyone is ” missing”…..
AIG can be connected here too, along with virtually every insurance company in America, many financial retirement plans…. and the list goes on and on and on….
ONE COMPANY IS RESPONSIBLE FOR ALL OF THIS FINANCIAL CRISIS. THEY HAVE NOT BEEN MENTIONED PUBLICLY,,,,, yet……