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.
After reading this thread, this “suicide” is very suspicious indeed.
Kellerman has been with Freddie Mac since 1992. He started as an auditor, and more recently headed up "mortgage strategy." He may have been one of the rare honest birds in that criminal menagerie--I have no idea. But he was no outside newbie and the positions he held make it difficult to imagine a sudden and recent awareness that something stunk.
March 02, 2009
or (703) 903-3933
FREDDIE MAC ANNOUNCES RESIGNATION OF CEO DAVID MOFFETT
McLean, VA – Freddie Mac (NYSE: FRE) today announced that its chief executive officer, David Moffett, has notified the chairman of the board of directors of his resignation from his position as chief executive and as a member of the board effective no later than March 13, 2009. The board of directors is working with the Federal Housing Finance Agency (FHFA) to appoint a successor to Moffett.
Moffett indicated that he wants to return to a role in the financial services sector. In his letter of resignation, he said, “I have enjoyed my time as CEO of Freddie Mac and I wish all the great employees the very best in the days to come.”
http://www.freddiemac.com/news/archives/corporate/2009/20090302_moffett-resign.html
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Wonder if he was Bama-ed.
I hope Mr. Moffett has some protection.