Interesting news
HuffPo reports:
David Kellermann, the acting chief financial officer of money-losing mortgage giant Freddie Mac was found dead at his home Wednesday morning in what police said was an apparent suicide.
The Fairfax County police responded to a 911-call at 4:48 a.m. at the suburban Virginia home Kellermann shared with his wife. The police would not release the cause of death or say if a suicide note was found.
Kellermann worked for Freddie Mac for the past 16 years and was named acting chief financial officer last September when the government seized control of the company to keep it from failing. Freddie Mac lost more than $50 billion last year, and the government has pumped in $45 billion to keep the company afloat.Kellermann's death is the latest in a string of blows to Freddie Mac, which owns or guarantees about 13 million mortgages and us the No. 2 mortgage finance company after sibling Fannie Mae. The company has been criticized for financing risky mortgage loans that fueled the real estate bubble, and its first government appointed CEO, David Moffett, resigned last month after six months on the job.
News of Kellermann's death came as a shock to employees of the McLean, Va.-based company, with those who knew Kellermann tearing up on Wednesday morning and a quiet mood prevailing.
Early Wednesday, Sharon McHale, a Freddie Mac spokeswoman, said senior executives at the company heard the news on local radio before going to work. "It's just so awful," she said.
Sad Stuff
3 comments:
Barney and Chris have a fall guy. I wonder if he's ever been to Fort Marcy Park?
did he just recieve a bonus of about $850,00
Wow, this is really bizarre. I wonder if he felt overwhelmed and couldn't deal, if he knew something even more horrible was about to go down, or if he wanted to be honest about the situation, and was silenced. My head is spinning on this one.
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