That's how I read it.
The conspiracy stuff is an unfortunate distraction, since the lesson we outsiders should take from this is the suicidal level of gloom that afflicted someone who has all the inside data.
I agree. This is an omen of very bad things to come. I believe that Freddie Mac was at the center of the mortgage crisis and the downfall of the economy. I think he knew that something really bad was about to break. So bad that he killed himself rather than go to prison? Why no outrage about the bonuses from the Government? They were sure angry about AIG's bonuses. Was his bonus a payoff to keep quiet? This reminds me of the Enron exec who killed himself.
I think Kellerman figured he was going down and killed himself to protect his wife and kid financially. Now that he is dead, he can’t be prosecuted and convicted. Absent a conviction, his assets cannot be touched by the feds.
Ken Lay, of ENRON, had his conviction vacated when he died prior to exhausting appeals. His wife got to keep everything.
Sometimes maybe ignorance is bliss...