Freddie Mac acting chief financial officer found dead in Virginia home

[Jackeens]

Source: Sky News UK

Just breaking on Sky News (UK)

Updated with link to wtop.com

Read more: http://www.wtop.com/?nid=600&sid=1657033

[GCP]

1. ABC just stated it was suicide n/t

[Believing Is Art]

2. Link

http://www.wusa9.com/news/local/story.aspx?storyid=84706&catid=158

[Believing Is Art]

3. dupe

[slackmaster]

4. That's FOUR LBN threads and one in GD already

:eyes:

[muriel_volestrangler]

7. And this one was the first of them all

Would your eye-rolling be more appropriate elsewhere?

[slackmaster]

8. Congratulations on getting yours in first

Your family and friends must be very proud of you, and I mean that seriously.

[muriel_volestrangler]

10. 'Mine'? This isn't my thread

Maybe you'd be better off just reading the first thread you find about a topic, and not complaining that others have followed it, or even preceded it.

[slackmaster]

16. You seem to have a keen interest in acting like you own it

Why is that?

[muriel_volestrangler]

18. I have an interest in civility to fellow DUers

Making pointless posts about other threads that followed this one, with eye rolls, isn't civil.

[notesdev]

57. I like π

[Name removed]

11. Deleted sub-thread

Sub-thread removed by moderator. Click here to review the message board rules.

[ElsewheresDaughter]

22. go back to bed and try getting up on the otherside ...and I hope you have a good one today

[GCP]

23. The level of snark around here is unbelievable

The Lounge suits me better.

[Dappleganger]

27. +1

It's quite inhuman.

[closeupready]

31. +2

Seriously, you drama queens snarking at each other - take it somewhere else.

[chatnoir]

45. +3

Seriously. Reminds me of snarky, woefully immature 17 yos.

[radfringe]

29. there were quite a few of them

after ENRON collapse

and when info was coming out regarding the absence of WMDs in Iraq...right before we invaded

:tinfoilhat: my tin-foil spidey senses tell me the bushies are doing some "cleaning" :tinfoilhat:

[Divine Discontent]

46. who cares? really. we're not a news service here, we upload things as we see them, yes,

people should look for the same story on the front page at the least, but really, is it that upsetting? one of the threads will move to the top of the page, and the rest will fade off. big deal...

[Mari333]

5. another link

http://www.businessinsider.com/freddie-mac-cfo-commits-suicide-2009-4

[screembloodymurder]

6. Another suicide, I wonder what he uncovered?

I'm a skeptic.

[Mari333]

9. makes me wonder if he was about to be fired

'The Federal Housing Finance Agency says about 3500 workers at Fannie were scheduled to receive an average payment of $32,000 and 4000 employees at Freddie were slotted to receive an average of $24,000. The maximum bonus will be $1.5 million.

In New York, a bonus is paid to top performers. But that’s apparently not how it’s done in Washington, where about 80% of Freddie’s employees will receive a bonus and about 61% of Fannie’s employees will be rewarded with cash. Perhaps in Washington, bonus money is awarded with an egalitarian twist.'

'Freddie Mac looks to hire a chief executive, chief operating officer and chief financial
officer while Fannie Mae seeks a general counsel, chief risk officer and executive vice president for technology.'







http://www.minyanville.com/articles/index/a/22048

[Name removed]

53. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Ian David]

12. Committing suicide in your home seriously lowers its resale value.

Then again, if he'd known things like that...

[TBF]

30. I would bet that was seriously the least of his problems. n/t

[sofa king]

59. Cars are worse.

I used to detail cars, and some of you have perhaps heard the rumor that some people in the used car business are disreputable. This is true.

So I'll bet I'm not the only car detailer with a "car comes in from a wholesaler with a funny smell in the driver's seat" story. I was young, and while the seat looked clean, the foam padding had absorbed the previous owner's thoughts and dreams. It took me weeks to figure it out and give up. I'm pretty sure the guys in the front office delayed buying a new front seat purely for the amusement of watching me try to clean the smell of death out of a hot Mercedes, day after day.

[MrsBrady]

13. the op article says

"Freddie Mac has declined to comment."

not at least a "shocked and saddened" out of them? wow

[tomm2thumbs]

14. was acting chief since only Sept 2008 - wonder what impact that had on things

Sad day for his family

[pitchforksandtorches]

15. The skinny on him from Forbes:

http://people.forbes.com/profile/david-b-kellermann/120880

David B. Kellermann
Senior Vice President, Corporate Controller and Acting Chief Financial Officer
Freddie Mac
McLean , VA
Sector: FINANCIAL / Mortgage Investment
Officer since March 2008

41 Years Old
On September 24, 2008, David B. Kellermann, age 41, Senior Vice President - Corporate Controller and Principal Accounting Officer, was appointed interim Chief Financial Officer, effective immediately. Mr. Kellermann was appointed Senior Vice President - Corporate Controller and Principal Accounting Officer in March 2008. Prior to that appointment, he served as Senior Vice President, Business Area Controller, starting in October 2006, and as Vice President, Strategy Execution and Integration from February 2005 until October 2006, during which time he also assumed responsibility for the Finance Program Management Office. Before that, Mr. Kellermann held the positions of Vice President, Valuation, Risk Management and Investment Process from November 2003 to February 2005 and Vice President, Mortgage Portfolio Investment Process from May 2003 to November 2003. Mr. Kellermann also held various other positions at our company since joining us in 1992, including Portfolio Management Director-Senior from March 2002 to May 2003. On September 24, 2008, served as Freddie Mac's Principal Accounting Officer prior to the appointment of Mr. Fox.

[slackmaster]

17. So young for such a high position

Very unfortunate whatever the cause.

[closeupready]

33. This is a good point - we don't know what the cause was.

He could have been ill? Maybe he had a depressive personality disorder? Any number of things.

[jberryhill]

41. Yup

41 year-old recently thrust into one of the touchiest high-pressure fishbowl jobs in the country, bringing with him whatever personal baggage he may have been carrying...

Could be any number of things, but its interesting how some folks jump right to "what did he know?" scenarios.

It's really unusual for one person to have, within their head alone, damning evidence of anything that can't be found elsewhere.

[customerserviceguy]

19. Clearly, he's been into this place up to his eyeballs

for a long time, and he's probably an architect of the collapse of the housing bubble.

Maybe every once in awhile, a villian actually has some shame.

[Dappleganger]

25. You have no idea

Nice job for speaking out of your ass.

My condolences to his family and friends.

[customerserviceguy]

54. My condolences to his friends and family, too

but I felt that way about them before he offed himself out of guilt for what he might have done.

[Rebubula]

20. At least..

...he only took himself out...unlike so many other assholes that kill everyone around them before themselves.

I support a person's right to commit suicide...but only an arrogant asshole thinks that he should take others with him.

[AngryAmish]

21. I'm sure he was looking forward to testifying about the bonuses

It worked so well with the guy who runs AIG. It was truly congress' finest hour.

[aquart]

32. Businessmen HATE discussing their bonuses.

Which is why it's so much fun to make them do it.

[global1]

24. I Woke Up To The News Of This Suicide And Just Missed The Whole Piece On MSNBC.......

so I started flipping the channels and wound up on Faux. Bill Hemmer says something like: More to follow as soon as we have more information "to BANK on". That's right "to BANK on". I think he was trying to be funny. I quickly turned off that channel in disgust.

[TEmperorHasNoClothes]

26. I'm not surprised, I thought there would be more suicides

with the economic upheaval, like during the great depression. Unfortunately it looks like some of those would be suicides are going on shooting sprees instead.

[JonLP24]

28. Medical examiner hasn't determined a cause of death yet

Anyways that's what the police say. They did say there were no signs of foul play so it could be a suicide.

[disndat]

39. Hnnm,

police cover-up too. Any government worker, up and down the line.

[keepthemhonest]

38. I don't know if they had all of the choices of

anti-depressants that we do today.I think that people take them even if someone dies, instead of taking the time to grieve.Tons of americans are on them I bet many dems needed them during the Bush administration.Now they probably went of them and the republicans are going on them.My right winger sister did just before OBama got elected.

[dipsydoodle]

34. US Freddie Mac chief found dead

Source: BBC News

The acting chief financial officer of struggling US mortgage giant Freddie Mac has been found dead, police say.

Fairfax County Police said there was no foul play suspected in the death of David Kellermann, found in his home 20km (13 miles) west of Washington DC.

The 41-year-old had been Freddie Mac's chief financial officer since September, having worked for the company for 16 years.

Police did not confirm reports that he had committed suicide

Read more: http://news.bbc.co.uk/1/hi/world/americas/8012527.stm

[Bluzmann57]

35. Wonder if our "esteemed" Senator will apologize?

Remember a couple of months ago when grassley said bankers should "kill themselves"? Fuck off grassley. Hope you're happy you piece of shit.

[SLSmith]

36. Video & ABC saying now it was suicide by Hanging

http://abcnews.go.com/Business/story?id=7399376&page=1
Law enforcement sources said they found David Kellermann, acting chief financial officer of mortgage company Freddie Mac, hanging in the basement of his Reston, Va., home, dead from an apparent suicide early this morning.

Video: Freddie Mac CFO SUICIDE BY HANGING - SEC/DOJ Investigation 'Accounting Violations"
http://www.youtube.com/watch?v=2LH4yAlwDUE

[Dappleganger]

44. The husband of a good friend of mine did that.

He was discovered by their younger daughter about 4 years ago. It rocked this entire community because he had managed to hide his struggles with depression so well.

[Divine Discontent]

48. I wanted to say this was foul play just b/c of who he was, but I agree, people hide their depression

about life too well... sadly. he had everything going for him, even if he lost that job eventually. The guy was getting paid hundreds of thousands. If he didn't want the pressure he should have told his partner. Everyone gets sad at some point off and on, but if its every day - they need to get help.

[Sharklive6]

37. suspicious

Foilplay is highly likely.

[Stephanie]

50. Or maybe that's your hat

[WorseBeforeBetter]

52. ...

[helderheid]

40. More here:

Freddie Mac Official Dead in Apparent Suicide

By Tom Jackman, Debbi Wilgoren and Zachary A. Goldfarb
Washington Post Staff Writers
Wednesday, April 22, 2009; 10:45 AM

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.

MORE >>>

http://www.washingtonpost.com/wp-dyn/content/article/2009/04/22/AR2009042201185.html?hpid=topnews

[lovuian]

42. another suicide

to hide the money tracks

[sarcasmo]

43. Why, and Follow the money are my two questions.

[tammywammy]

47. My condolences to his family

Suicide is hard. x(

[marshall]

49. Will his widow still get his bailout bonus?

From what I read it was almost a million dollars. That will go far to send their child to Harvard or Yale.

[Stephanie]

51. I'm sure she appreciates your concern.

Can we be a little bit civil here to a grieving family?

[XXXMADAM]

55. Dead & dying bankers

He was prolly a whistle blower given immunity.

At least 2 of these 7 dead bankers were found dead near CIA headquarters, Vienna & Maryland.
Brandi Britton the CIA madam was also found dead by hanging she lived in Maryland and worked with CIA DC Madam Palfrey.

These banker deaths will prolly soon be put on the media blackout list like all the dead hookers are so copy all articles asap. Also I imagine most of the dead bankers will never even be reported at all.

http://www.cbsnews.com/video/watch/?id=4962590n

[Generator]

56. Here I will say the best words of advice

my friend ever gave me-she was in serious financial straits-and eventually many years ago so was I-filed bankruptcy.


IT's ONLY MONEY.

It's not life, it's not love, it's not death, it's not worth it.
Of course to these types-it is life. WHAT A LIFE is that? Money more important, career more important than someone you love. Of course depression is another story. But still. Why aren't the tortures killing themselves? NOW that's something to kill yourself over. Money, ah shit. Screw money.

[saigon68]

58. K & R

[MetaTrope]

60. That island Ken Lay's been living on must be getting pretty crowded by now

Hope somebody checked the corpse's fingerprints...