Posted on 04/22/2009 5:14:09 AM PDT by xtinct
I suggest Southcide. Chicago, that is.
On the upside, at least one job is now open.
Thank you. This list is long and extensive.
Someone just suggested to me that Kellermann flunked the stress test. I guess that $800k bonus he got recently wasn’t near enough.
This morning I heard he was CFO. Guess he didn’t want to be accountable for his creative accounting practices.
Thanks for the ping- listening on FOX now.
I’m not jumping on the Vince Foster bandwagon - this guy may well have known things that were too much for him to bear. I do, however, question the “timing”...what was about to be made public that had him in the pits of despair?
Well, who would want Adm. Boorda dead and why?
Maybe he will avoid holding a press conference for a few days, so he isn't forced to comment.
a) He was not a "yes" man, and
b) He was moral as well as fearless (IOW not the silent type)
God bless Admiral Boorda.
If I am not mistaken he and David Moffett were basically new. Brought in to clean things up. Moffett quit last month as CEO. That resignation stayed under the radar. I know I posted the story, but dang if the search function won’t bring it up. Now we have the CFO committ suicide. Folks this is not a good sign at all.
Perhaps, he was planning to blow the whistle about something.
Suicide: A permanent solution to a temporary problem.
If he thought he was going to get prosecuted, suicide would insure that none of his assets could be touched and his wife will be financially secure.
After reading this thread, this “suicide” is very suspicious indeed.
I heard yesterday that the Fed.gov is once again promoting SubPrime Crime! No money down, no credit check, interest-only loans for the first 10 years to minorities, etc. Anyone able to confirm this?
REFERENCE In early Feb 2009, the FBI told the Senate Judiciary Committee that 530 investigations of fraud are in place "directly related to the current economic crisis" Fannie Mae and Freddie Mac are on the target list.
OVERVIEW Government audits might expose Freddie Mac (and Fannie Mae) off-the-books bank accounts that were accessed solely by FMac/FMae insiders, and that government-funded activities were used in various illegal schemes that might have integrated:
(1) money laundering,
(2) tax evasion (stolen money is taxable),
(3) violations of US banking and currency laws,
(4) conspiracy to commit wire fraud,
(5) commercial bribery in various mortgage/real estate schemes,
(6) establishing secret offshore bank accounts outside the purview of the IRS and US banking laws,
(7) fraudulent and casual accounting practices,
(8) non-existent financial oversight.
“Freddie Mac Announces Resignation OF CEO David Moffet”
but Moffet resigned to become head of the Treasuries Bank bailout operation.
He didn’t resign to “spend more time with his family”.
Given Moffet’s previous jobs as head of FRE portfolio, i’d say he has as good a view as anyone of exactly how much toxic garbage FRE owns.
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