Posted on 04/22/2009 7:39:53 AM PDT by 4buttons
VIENNA, Virginia (CNN) -- The acting chief financial officer of mortgage finance giant Freddie Mac was found dead Wednesday morning at his home, police said. David Kellermann, acting CFO of Freddie Mac, was found dead at his home on Wednesday, police said.
David Kellermann's death "may have been an apparent suicide," said Lucy Caldwell, a spokeswoman for police in Fairfax County, Virginia. She said there were no signs of foul play when officers arrived at the home in Vienna shortly before 5 a.m.
(Excerpt) Read more at cnn.com ...
Vince Foster, Nikolai Boorda, Ron Brown, etc............
Or somebody had him murdered to keep him from talking.
Barney Frank doesn’t have any honor. He will never fall on his own sword. Probably fall on someone else’s though...lol.
Well at least he like Admiral Broader had the decency to kill them self’s
“Here It Comes” (Prime Delinquencies)
The Market Ticker ^ | 4/22/09 | Karl Denninger
Posted on Wed Apr 22 2009 09:05:01 GMT-0500 (Central Daylight Time) by FromLori
I and others have for nearly two years said that “subprime” was going to be a side show compared to both ALT-A and “Prime” delinquencies on mortgages.
All I can say now is: it’s starting.
April 21 (Bloomberg) — Fannie Mae and Freddie Mac mortgage delinquencies among the most creditworthy homeowners rose 50 percent in a month as borrowers said drops in income or too much debt caused them to fall behind, according to data from federal regulators.
The number of so-called prime borrowers at least 60 days behind on mortgages owned or guaranteed by the companies rose to 743,686 in January, from 497,131 in December, and is almost double the total for October, the Federal Housing Finance Agency said in a report to Congress today.
Of all borrowers who ended up in default, 34 percent told Fannie and Freddie they were earning less money, about 20 percent cited excessive debt as a reason for missing mortgage payments, and 8.1 percent blamed unemployment, FHFA said.
Uh huh.
It isn’t over either.
Perhaps in response to this, Freddie Mac’s acting head apparently has committed suicide:
(Excerpt) Read more at market-ticker.denninger.net ...
http://market-ticker.denninger.net/archives/979-Here-It-Comes-Prime-Delinquencies.html
Or maybe he was sick of being under fire for taking nearly a million dollars of bonuses last month.
Oops...that's not a conspiracy theory...sorry, wrong site.
“Sharon McCail, Freddie Mac’s vice president for public relations, said the company has not yet been officially notified that Kellermann is dead.”
Can’t she read the news like everyone else? Very strange remark.
I am amost certain you meant "SIT" on someone elses sword......
Barney Frank doesn’t fall on swords, he swallows them and from time to time hides one in his backside.
Maybe someone wanted him to lie about something - and he didn't want to... felt he was in a "no-win". Freddie is at the center of this mess - hope the FBI is looking into this...
David Kellermann’s death “may have been an apparent suicide,” said Lucy Caldwell, a spokeswoman for police in “Fairfax County, Virginia. She said there were no signs of foul play when officers arrived at the home in Vienna shortly before 5 a.m.”
“A second Fairfax County police spokesman, Eddie Azcarate, said Kellermann’s body was found in the basement.”
“The exact cause of death ... we’re going to wait for the medical examiner,” he said. “
“Sharon McCail, Freddie Mac’s vice president for public relations, said the company has not yet been officially notified that Kellermann is dead.”
No they are to busy going to tea party's
I love the way you think al baby! ROTFL!
Taking the “Tom Lantos tells Craig Livingstone to off himself” argument, are you?
just another democratic administration
Last month Freddie Mac controversially paid 92 staff $100,000 or more in return for staying with the lender while it dug its way out of financial trouble. Mr Kellermann received $850,000 as part of the scheme.
The payments incensed politicians, who were already furious over a $165 million bonus handout at AIG, the insurer that owes US taxpayers $80 billion.
Congressmen pointed to the $108 billion loss made by Freddie Mac and its partner company, Fannie Mae, last year.
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