Cowardice.
He took the easy way out. Someone in his position could have done a lot to prevent future recurrences.
Clean it up!
Prayers for his family.
Posted on 04/22/2009 5:14:09 AM PDT by xtinct
The acting head of Freddie Mac, David Kellermann, has apparently committed suicide, Fairfax County Police tell WTOP. Fairfax County Police spokeswoman Mary Anne Jennings says Kellermann, 41, was found at his Hunter Mill Estates home Wednesday morning.
Jennings says police responded to the home after family members called police around 5 a.m.
"We were called from inside the house to come investigate an apparent suicide," Jennings says.
Because of legal ramifications, Jennings says she can't describe the nature of the suicide.
"We're not to give you details of the condition of the body, except to say it was an apparent suicide," Jennings says.
(Excerpt) Read more at wtopnews.com ...
Disclaimer: IANAL
So, 100 days more or less into The Usurper’s WH occuation and we have the first known death of an administration flunkie. Kellerman’s Freddie Mac association apparently goes back over 16 years. Meaning he was there when lending rules were changed to mandate 50% of mortgages must be granted to subprime people—on pain of government legal action.
The real question is what this suicide means. What happened,or is about to happen, that would cause this man to take his own life—assuming he, in fact, killed himself?
As an aside, I wonder what Wall Street will make of this? I bet the DOW will be up at least 100 pts regardless of this news.
No, the Net is being scrubbed of that too. No comments anywhere regarding Harris’s death, just, initial reports. He found something and someone didn’t want it to go any further.
OMG! Do we have a link for this report? What is the date?
Anything is possible.
But people just need to keep open minds with everything, and not immediately assume things like that as a cause right up front.
And I am one who believes that Vince Foster most likely expired in a way that involved the Clintons.
Wonder if the ACORN THUGS had been to his house yet to ‘protest’ like they did AIG...or were they given instructions to leave Freddie and Fannie out of it?
This guy saw suicide as an option. I just put it in a list of options since it is the point of the whole discussion today. Context is important, no reason to read into it.
There are hundreds if not thousands in the Washington, D.C. area who could raise the confidence of Americans and give the economy the “stimulus” it REALLY needs if they simply accepted responsibility and committed suicide.
The Japanese have the right idea....Seppuku.
Mark Davis opened his show with this news this morning.
Pingin’ mah General Interest and Texas Lists here.
Ping! Ping! Ping!
Fannie and Freddie are so corrupt. They control trillions in mortgages and the employees are the same caliber as the worst postal workers.
Mine does, but there is a time limit on when it will pay out.
It's kind of interesting because my wife gets the statement in every quarter, looks at me for a minute, looks at the calendar, then stares at the gun cabinet while sighing heavily.
I haven't figured out why she does that each time, but it's like clockwork.
The Obomamites are already colluding to coverup info damaging to insiders, for example.
Freddie Mac records exempt from FOIA (Obama Admin Denies Request)
Sunlight Foundation | 03/26/2009 | Bill Allison
Posted 03/27/2009 by BuckeyeTexan
Bob Secter and Andrew Zajac of the Chicago Tribune report that, while researching what went at Freddie Mac during the period White House Chief of Staff Rahm Emanuel served on the government sponsored enterprise’s board of directors, they were unable to get minutes of board meetings and other information: The Obama administration rejected a Tribune request under the Freedom of Information Act to review Freddie Mac board minutes and correspondence during Emanuel’s time as a director. The documents, obtained by Falcon for his investigation, were “commercial information” exempt from disclosure, according to a lawyer for the Federal Housing Finance Agency. Freddie Mac executives cooked the books, mismanaged the firm, and ultimately drove it into the ground, costing taxpayers billions of dollars. The “commercial information” exemption is reserved for private companies–Freddie Mac is by no means a private company anymore.
COME AGAIN? Obama said in the FOIA memo, “The Government should not keep information confidential merely because public officials might be embarrassed by disclosure, because errors and failures might be revealed, or because of speculative or abstract fears.” Obama added later that “In responding to requests under the FOIA, executive branch agencies (agencies) should act promptly and in a spirit of cooperation, recognizing that such agencies are servants of the public.”
=================================
Rahm Emanuel was director when Freddie Mac board was tipped to fraudulent BONUS scheme
"On (Rahm) Emanuel's watch, the board was told by executives of a plan to use accounting tricks to mislead shareholders about outsize profits the government-chartered firm was then reaping from risky investments.
The goal was to push earnings onto the books in future years, ensuring that Freddie Mac would appear profitable on paper for years to come and helping maximize annual bonuses for company brass. The accounting scandal wasn't the only one that brewed during Emanuel's tenure. During his brief time on the board, the company hatched a plan to enhance its political muscle.
That scheme, also reviewed by the board, led to a record $3.8 million fine from the Federal Election Commission for illegally using corporate resources to host fundraisers for politicians. Emanuel was the beneficiary of one of those parties after he left the board and ran in 2002 for a seat in Congress from the North Side of Chicago.
The board was throttled for its acquiescence to the accounting manipulation in a 2003 report by Armando Falcon Jr., head of a federal oversight agency for Freddie Mac. The scandal forced Freddie Mac to restate $5 billion in earnings and pay $585 million in fines and legal settlements.
It also foreshadowed even harder times at the firm. Many of those same risky investment practices tied to the accounting scandal eventually brought the firm to the brink of insolvency and led to its seizure last year by the Bush administration, which pledged to inject up to $100 billion in new capital to keep the firm afloat. The Obama administration has doubled that commitment."
SOURCE http://www.chicagotribune.com/news/politics/obama/chi-rahm-emanuel-profit-26-mar26,0,5682373.story
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Rahm Emanuel's Profitable Raping of Freddie_Mac
Before its portfolio of bad loans helped trigger the current housing crisis, mortgage giant Freddie Mac was the focus of a major accounting scandal that led to a management shake-up, huge fines and scalding condemnation of passive directors by a top federal regulator.Emanuel should have to pay back the money he raped from Freddie Mac.
SOURCE http://www.duggback.com/politics/Rahm_Emanuel_s_Profitable_Raping_ofFreddie_Mac/
Life policies pay for suicide after 2 years.
It's pronounced like the city in Austria.
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