The acting head of Freddie Mac, David Kellerman, has committed suicide. Police responded to the Kellerman home after receiving a call from his wife. Kellermann was 41-years-old. Kellermann's death is the latest blow to Freddie Mac, a government controlled company that owns or guarantees about 13 million home loans. The man who preceeded him, CEO David Moffett resigned last month, and now this???
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. What did he know, was their something yet to come in the financial crisis that he had prior knowledge about? More and more of this sorta thing is being reported monthly around America...executives killing themselves during these economic times...ITS REAL OUT HERE!!!
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