"Thorn, you've got to tell them about Simonson and Soylent, er ah, I mean Kellerman and Freddie Mac!"
Posted on 04/22/2009 5:14:09 AM PDT by xtinct
The acting head of Freddie Mac, David Kellermann, has apparently committed suicide, Fairfax County Police tell WTOP. Fairfax County Police spokeswoman Mary Anne Jennings says Kellermann, 41, was found at his Hunter Mill Estates home Wednesday morning.
Jennings says police responded to the home after family members called police around 5 a.m.
"We were called from inside the house to come investigate an apparent suicide," Jennings says.
Because of legal ramifications, Jennings says she can't describe the nature of the suicide.
"We're not to give you details of the condition of the body, except to say it was an apparent suicide," Jennings says.
(Excerpt) Read more at wtopnews.com ...
What will Gibbs mumble when asked by Jake Tapper?
Exactly the scene that I recalled.
He did the honorable thing.
Sometimes you take one for the team.
(Kinda’ Sarc)
"Thorn, you've got to tell them about Simonson and Soylent, er ah, I mean Kellerman and Freddie Mac!"
What did Obama know and when did he know it.
“I do, however, question the “timing”...what was about to be made public that had him in the pits of despair?”
So true....What was the ‘trigger’ and who held the ‘gun’? Important questions.
David B. Kellermann
Senior Vice President, Corporate Controller and Acting Chief Financial Officer
Freddie Mac
McLean , VA
Sector: FINANCIAL / Mortgage Investment
Officer since March 2008
41 Years Old
On September 24, 2008, David B. Kellermann, age 41, Senior Vice President - Corporate Controller and Principal Accounting Officer, was appointed interim Chief Financial Officer, effective immediately.
Mr. Kellermann was appointed Senior Vice President - Corporate Controller and Principal Accounting Officer in March 2008.
Prior to that appointment, he served as Senior Vice President, Business Area Controller, starting in October 2006, and as Vice President, Strategy Execution and Integration from February 2005 until October 2006, during which time he also assumed responsibility for the Finance Program Management Office.
Before that, Mr. Kellermann held the positions of Vice President, Valuation, Risk Management and Investment Process from November 2003 to February 2005 and Vice President, Mortgage Portfolio Investment Process from May 2003 to November 2003.
Mr. Kellermann also held various other positions at our company since joining us in 1992, including Portfolio Management Director-Senior from March 2002 to May 2003. On September 24, 2008, served as Freddie Mac’s Principal Accounting Officer prior to the appointment of Mr. Fox.
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.
This guy was only 41. What a tragedy. No matter how bad it was, he could always have extricated himself and gone on to something else. The world is full of possibilities, and we need to see them.
Heck, working in a Home Depot in Duluth is better than death. Except in the wintertime, of course...
http://www.humanevents.com/article.php?id=31155
GOP to Probe Links Between AIG, Obama, Dodd
by Connie Hair
03/20/2009
EXCERPT
Fannie Mae reported a loss of $58.7 billion for 2008 and has requested another $15.2 billion from the U.S. Treasury. Freddie Mac reported a loss of $50.1 billion for 2008, and has requested an additional $30.8 billion from the U.S. Treasury.
According to a report in USA Today, “In securities filings, Freddie said it will pay a retention award of $1.5 million to Executive Vice President Michael Perlman by March 2010. Perlman, whose base salary is $500,000, already collected $300,000 of his bonus. Interim CFO David Kellermann will get an $850,000 bonus, and Senior Vice President Michael May will get $700,000.”
EXCERPT......Ten years ago, for example, the typical conforming mortgage required a down payment of 10 to 20 percent, and low-down payment mortgages were considered too risky. But then we helped to standardize the 3 to 5 percent down payment loan, brought it to global capital markets, and made it available to lenders and communities nationwide. Now low-down payment loans are commonplace. And we just adopted a new variance in our underwriting standards that will make the $500 down payment loan widely available as well...
In 1994, we pledged to provide $1 trillion in capital to ten million underserved families by the end of 2000. Thanks to our housing and industry partners, we met that goal early. Then in 2000, we launched our American Dream Commitment, a pledge to provide $2 trillion in capital to 18 million underserved families by the year 2010, including $400 billion targeted specifically for minority families (later raised to $700 billion in response to President Bush’s Minority Homeownership Initiative).
After four of the strongest years in housing and mortgage finance history, we’ve already surpassed the top-line goals of this commitment. But our work is far from complete.
So in January 2004, we announced our Expanded American Dream Commitment and pledged significant new resources to tackle America’s toughest housing challenges. Our new commitment has three main goals.
First, we will expand access to homeownership for six million first-time home buyers in the next ten years, including 1.8 million minority first-time home buyers.We also will help raise the national minority homeownership rate from 49 percent to 55 percent, with the ultimate goal of closing it entirely.
Second, we will help new and long-term homeowners stay in their homes through a series of initiatives, and commit $15 billion to preserve affordable rental housing and $1.5 billion to support the revitalization of public housing communities.
Third, we will increase the supply of affordable housing and support community development activities in at least 1,000 neighborhoods across the country through our American Communities Fund, and through targeted investments like Low-Income Housing Tax Credits that help finance affordable rental housing.
It is because of initiatives like our Trillion Dollar Commitment and our American Dream Commitment that we have exceeded our HUD affordable housing goals for ten consecutive years. And we have increased our financing of mortgages to African Americans by over 400 percent and to Hispanic Americans by 470 percent in the past ten years, compared with a 205 percent increase in overall financing.
Our Expanded American Dream Commitment will help us do even more.
Intresting how all that rage against the AIG bonuses doesn’t apply to Freddie and Fannie.
The NYT would never print such a letter if it didn't advance their cause.
bookmark
Do the records suggest he made contributions to Demrat causes and campaigns?
Bizarre.
My husband is an accountant that audits subsidized housing. He works with bankers all the time. I'm naturally frugal, but right before the market news broke, my husband paid off everything he could, and refuses to spend an extra penny right now. He just says it's bad. He says I wouldn't understand the accounting, but he wants to double up for awhile and eliminate all credit cards. He drained our savings and dumped it on things we owe.
He's also on a news boycott. He won't watch it and doesn't want to hear about it. If it's on a TV, he mutes it if he's in the room. He's completly backed off from the politicians.
During the depression, the "rich" were those who had no debt. Everyone else lost everything.
Fanny and Freddie are safe. They have tax slave money at their disposal. Because they're part government, they'll survive on our wages while everyone else fails. That's why this "suicide" seems so odd. The government always feeds itself first.
He had only been CFO for a few months, although he had worked for the company for a number of years and obviously would have been aware of many internal things.
I guess Alamo Girl is going to have get busy here.
Our whole government needs to investigated. The corruption and conspiracy to destroy the USA is going on daily.
Many people at the tea parties were talking about the criminal activity of these politicians and they were outraged that they were getting away with it without being punished at all.
Wonder what this guy knew?
Sooooooo young. Bless his family. God help his wife...who found him. :(
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