Reports: Freddie Mac official found dead
Wednesday April 22, 2009
WASHINGTON (AP) — David Kellermann, the acting chief financial officer of Freddie Mac, was found dead at his home Wednesday morning in what broadcast reports said was an apparent suicide.
WUSA-TV and WTOP Radio reported that David Kellermann was found dead in his Northern Virginia home. The 41-year-old Kellermann has been Freddie Mac’s chief financial officer since September.
Sabrina Ruck, a Fairfax County police spokesman, confirmed to The Associated Press that Kellermann was dead, but she could not confirm that he committed suicide.
Kellermann’s death is the latest blow to Freddie Mac, a government controlled company that owns or guarantees about 13 million home loans. CEO David Moffett resigned last month.
McLean, Va.-based Freddie Mac and sibling company Fannie Mae, which together own or back more than half of the home mortgages in the country, have been hobbled by skyrocketing loan defaults and have received about $60 billion in combined federal aid.
Kellermann was named acting chief financial officer in September 2008, after the resignation of Anthony “Buddy” Piszel, who stepped down after the September 2008 government takeover. The chief financial officer is responsible for the company’s financial controls, financial reporting and oversight of the company’s budget and financial planning.
Before taking that job, Kellerman served as senior vice president, corporate controller and principal accounting officer. He was with Freddie Mac for more than 16 years.
Yahoo Finance
We note the conclusion from The Housing and Economic Recovery Act of 2008 by Catherine Austin Fitts,
“Whatever the outcome, if you hold a position in which you manage large databases covering the U.S. mortgage or government bond markets, or any other markets with symptoms of significant collateral or securities fraud, you might want to consider finding a new job.”
21 Horses Poisoned:
http://www.nydailynews.com/news/us_world/2009/04/21/2009-04-21_vets_ponder_what_killed_21_polo_ponies.html
Who owned them?:
“The team is owned by Victor Vargas, a Venezuelan multimillionaire who started playing polo when he was 24 years old, according to the North American Polo League.
According to the league website, Vargas has various banking and oil holding in the United sates, Venezuela, Panama and the Dominican Republic. The site reports that the man is also president of the Venezuelan Bank Association and director of the Latin American Banks Federation.”
source: http://www.palmbeachdailynews.com/news/content/sports/2009/04/20/pbppoloside0420.html
Comment: A little covert op to let folks know that while Obama shakes hands with Chavez – the old boy network is still calling the shots? Remember this happened in the shadow of the Summit of the Americas.
Also there is the little incident of the “mentally challenged” man in Jamaica taking hostage crew and passengers of a flight bound for Cuba.
http://www.nytimes.com/2009/04/21/world/americas/21briefs-Jamaica.html?ref=global-home
There is always the “why” of a tragedy like this that rarely makes the reporting outlets. Maybe this is an indicator of what drove Mr Kellerman: http://globalresearch.ca/index.php?context=va&aid=13283
“Are you ready to see the future? Ten’s of thousands of foreclosures are only 1-5 months away from hitting that will take total foreclosure counts back to all-time highs. This will flood an already beaten-bloody real estate market with even more supply just in time for the Spring/Summer home selling season…Foreclosure start (NOD) and Trustee Sale (NTS) notices are going out at levels not seen since mid 2008. Once an NTS goes out, the property is taken to the courthouse and auctioned within 21-45 days….The bottom line is that there is a massive wave of actual foreclosures that will hit beginning in April that can’t be stopped without a national moratorium.”
JP Morgan Chase, Wells Fargo and Fannie Mae have all stepped up their foreclosure activity in recent weeks. Delinquencies have skyrocketed foreshadowing more price-slashing into the foreseeable future.