Archive for Thursday, April 23, 2009

Police investigate death of Freddie Mac official

April 23, 2009


— The chief financial officer of Freddie Mac, one of the mortgage giants at the heart of the nation’s financial meltdown, was found dead in his basement early Wednesday morning in what police said was an apparent suicide.

David Kellermann, 41, apparently hanged himself in his suburban Washington home, said a law enforcement official familiar with the investigation. He asked not to be identified because the investigation was ongoing.

Kellermann was promoted last September when the government seized the mortgage company and ousted its top two executives. Neighbors said Kellermann had lost a noticeable amount of weight under the strain of the new job. Some neighbors said they suggested to Kellermann he should quit to avoid the stress, but Kellermann responded that he wanted to help the company through its problems. The neighbors did not want to be quoted by name because they didn’t want to upset the family.

Kellermann oversaw a staff of about 500 at Freddie Mac’s McLean, Va., headquarters and was working on the company’s first-quarter financial report, due by the end of May. Federal regulators closely oversee the company’s books and sign off on major decisions.


think_about_it 9 years, 1 month ago

I wonder if he was associated with the Clintons. They left a trail of bodies in their wake.

coolmarv 9 years, 1 month ago

Sounds like he took the ultimate 'bailout'.

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