“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.
They're trying to contain things and keep it all in the family. Whatever happened or is about to happen with Freddie Mac was too much for Kellerman to handle. Kind of like the Enron exec who offed himself.
Ah...no.
Fannie Mae CEO Named Treasury Bank Bailout Head
Herbert Allison Jr.
Allison, who has to be confirmed by the Senate, would bear the title of assistant Treasury secretary for financial stability and counselor to Treasury Secretary Timothy Geithner.
http://cbs5.com/national/bailout.funds.head.2.987895.html