Wednesday, April 22, 2009

Reports: Freddie Mac Acting CFO Found Dead in Apparent Suicide

Wednesday, April 22, 2009

DEVELOPING: 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.

(What do you think? Supposedly people typically do not committ suicide in the home when their families are present. His wife and five year old child were in the home and his wife found his body. Very curious. VN8)


Anonymous said...

Vince Foster came to mind.

VoteNovember2008 said...

FD, OMG, I thought the exact same thing! If there isn't a suicide note, I'm going to be very suspicious. Poor family, it's a tragedy to say the least! Hope you are doing well! VN8

Lee said...

Sad case indeed. It's been on the news up here all day. He reportedly was stressing out at work and had lost significant weight in recent months. We'll never understand why some folks choose to end it all.

Anonymous said...

Well ... I don't wanna sound like a conspiracy type ... but Kellerman's condition in the days leading up to the event sure came out quickly. Vince Foster wasn't the only questionable death during the Billy Boy years. Kellerman must have been in a lot of trouble to resort to this.

VoteNovember2008 said...

Lee, OM1, it is a very sad case. Has anyone heard how it happened? I've only heard rumors. Time will tell how this all shakes out! What a tragedy. VN8

Anonymous said...

Ditto,first thing that came to mind Fuzzy.