Freddie Mac Chief Dead Of Apparent Suicide

April 22, 2009

US (ChattahBox) – David Kellermann, the top financial officer for Freddie Mac, which has been criticized widely for it’s bad business practices that contributed to the current housing crisis, has been found dead in his home of an alleged suicide.

Freddie Mac was seized by the government, along with it’s secondary company Fannie Mae, in September. The two businesses had lost a staggering $108 billion between them, all blamed on bad mortgages that were lent out by the two failing companies.

Further controversy followed Freddie Mac when just under a hundred employees were paid huge bonuses to encourage them to remain with the company, which was struggling under its’ huge debt. David Kellermann was the company’s principle account officer at the time, and received $850,000 to stay.

Kellermann was put into the position of chief financial officer after his predecessor, David Moffett, resigned after only five months in the top position.

Kellermann was 42 years old.


Comments

One Response to “Freddie Mac Chief Dead Of Apparent Suicide”

  1. Nomad on May 4th, 2009 3:22 am

    Have they found out conclusively about what caused Kellermann’s death? All things considered, it seems doubtful that this was a suicide

Got something to say? **Please Note** - Comments may be edited for clarity or obscenity, and all comments are published at the discretion of ChattahBox.com - Comments are the opinions of the individuals leaving them, and not of ChattahBox.com or its partners. - Please do not spam or submit comments that use copyright materials, hearsay or are based on reports where the supposed fact or quote is not a matter of public knowledge are also not permitted.