http://www.nytimes.com/2009/04/23/business/23freddie.html?_r=1&em
David B. Kellermann, the acting chief financial officer of the troubled mortgage giant Freddie Mac, was found dead Wednesday morning at his home in Northern Virginia, the police said.
Police on Wednesday outside the Vienna, Va., home where David B. Kellermann, the acting chief financial officer of Freddie Mac, was found dead.
The executive apparently committed suicide by hanging himself, according to people with knowledge of the investigation.
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Mr. Kellermann, 41, had been Freddie Mac’s chief financial officer since September. He was named to the position when the federal government seized the company and ousted its top executives last fall. In recent weeks, according to neighbors and company officials, Mr. Kellermann had received a bonus of about $800,000. Such bonuses — which totaled $210 million for executives at Freddie Mac and its sibling company Fannie Mae — caused some controversy earlier this month, and some lawmakers called for them to be rescinded.
According to neighbors, Mr. Kellermann hired a private security firm after reporters came to his house to ask about his bonus.
Mr. Kellermann was also involved in recent tense conversations with the company’s federal regulator over its public disclosures. Freddie Mac executives wanted to emphasize to investors that the company was being run for the benefit of the government, rather than shareholders.
The company’s regulator, the Federal Housing Finance Authority, had reportedly pushed to play down that language. Freddie Mac ultimately reported that it made changes to business practices to help the government that “have increased our expenses or caused us to forgo revenue opportunities.”
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They're running low on tax slaves, the tax slaves they have are over taxed already, but they need the social dependents for votes. They're going after private industry money now.
Without funds to buy votes and create dependents, the democrat party has no purpose nor power. They tax and give away. That's all they do. The more they can spend, they more powerful they become.
According to a March 11 company filing, Freddie Mac was being investigated by U.S. Attorney’s Offices in New York and Virginia. It subsequently was notified that the Securities and Exchange Commission was also launching an inquiry — which has since evolved into a “formal investigation.”
The company was subpoenaed for documents relating to accounting, disclosure and corporate governance matters in September 2008, October 2008, January 2009 and February 2009. The filing also says that SEC staff was interviewing company employees.
http://money.cnn.com/2009/04/22/news/Freddie_Mac_CFO/?postversion=2009042211
According to a March 11 company filing, Freddie Mac was being investigated by U.S. Attorney’s Offices in New York and Virginia. It subsequently was notified that the Securities and Exchange Commission was also launching an inquiry — which has since evolved into a “formal investigation.”
The company was subpoenaed for documents relating to accounting, disclosure and corporate governance matters in September 2008, October 2008, January 2009 and February 2009. The filing also says that SEC staff was interviewing company employees.
http://money.cnn.com/2009/04/22/news/Freddie_Mac_CFO/?postversion=2009042211