Posted on April 22, 2009. Filed under: News And Politics... |

UPDATED:  Wednesday, April 22, 2009 2:48 PM
This is the beginning of a fallout from government-owned entities such as Freddie Mac, which is probably why there is so much corruption within their walls.  If this is a suicide, I’m surprised there aren’t more.  It is believed that he hanged himself.  Mr. Kellermann would not be the first to take his life over the current economic situation (if this is, in fact, a suicide).  In December of last year, Thierry Magon de la Villehuchet, a New York-based French fund manager, slit his wrists after losing more than $1 billion of his clients’ money to Bernard Madoff.  A German billionaire businessman, Adolf Merckle, threw himself in front of a train in January after heavy losses on the stock market.  Police investigating William Parente, a New York lawyer who this week killed his wife and two daughters before committing suicide, believe he may have been heavily in debt.  The casualties will go up as the economy goes down.  Bill Clinton and the Democrats are the main reason for our economy’s collapse.  Can’t anyone see this?  Read my posts which are chock full of facts pointing to this very direction.  Unless we remove the Democrat-majority out of Congress, we can look forward to more devastating stories such as this.  How sad that people are killing themselves over what the Democrats started in the first place in the name of "equal mortgage lending rights for people who can’t afford them."  The American Dream is now a Nightmare courtesy of the Democratic Party!
This may be the work of a very disgruntled customer.  Either that or Mr. Kellermann is an executive with a conscience.  Freddie Mac has put in place stiffer rules where even people with excellent credit can’t get refinancing, and are forced to continue with their high-interest loans… 
April 22: David Kellermann, the acting chief financial officer of Freddie Mac, was found dead at his home Wednesday morning. CNBC reports.
Police probing death of Freddie Mac official

41-year-old Kellermann the firm’s chief financial officer since Sept.
The Associated Press
updated 9:48 a.m. ET, Wed., April 22, 2009

WASHINGTON – David Kellermann, the acting chief financial officer of mortgage giant Freddie Mac, was found dead at his home Wednesday morning in what police said was an apparent suicide.

Mary Ann Jennings, director of public information for the Fairfax County, Va., Police Department, said Kellermann was found dead in his Reston, Va., home. The 41-year-old Kellermann has been Freddie Mac’s chief financial officer since September.

Jennings said that a crime scene crew and homicide detectives were investigating the death, but that there didn’t appear to be any sign of foul play.

McLean-based Freddie Mac has been criticized heavily for reckless business practices that some argue contributed to the housing and financial crisis. Freddie Mac is a government-controlled company that owns or guarantees about 13 million home loans. CEO David Moffett resigned last month.

Freddie Mac and sibling company Fannie Mae, which together own or back more than half of the home mortgages in the country, have been hobbled by skyrocketing loan defaults and have received about $60 billion in combined federal aid.

Kellermann was named acting chief financial officer in September 2008, after the resignation of Anthony “Buddy” Piszel, who stepped down after the September 2008 government takeover. The chief financial officer is responsible for the company’s financial controls, financial reporting and oversight of the company’s budget and financial planning.

Before taking that job, Kellermann served as senior vice president, corporate controller and principal accounting officer. He was with Freddie Mac for more than 16 years.




Make a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Liked it here?
Why not try sites on the blogroll...

%d bloggers like this: