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Freddie Mac CFO Commits Suicide on: April 22, 2009, 01:19:40 PM

http://www.nytimes.com/2009/04/23/business/23freddie.html?em

Quote

Executive at Freddie Mac Is Found Dead

Article Tools Sponsored By
By CHARLES DUHIGG
Published: April 22, 2009

David B. Kellermann, the acting chief financial officer of the troubled mortgage giant Freddie Mac, was found dead Wednesday morning at his home in Northern Virginia, the police said.

The executive apparently committed suicide by hanging himself, according to people with knowledge of the investigation.

What do we call this? A good start.

Re: Freddie Mac CFO Commits Suicide Reply #1 on: April 22, 2009, 01:43:45 PM

A prelude.

Re: Freddie Mac CFO Commits Suicide Reply #2 on: April 22, 2009, 01:44:07 PM

I hope this becomes a trend.

Re: Freddie Mac CFO Commits Suicide Reply #3 on: April 22, 2009, 01:53:20 PM

Cosigned.

Re: Freddie Mac CFO Commits Suicide Reply #4 on: April 22, 2009, 04:56:39 PM

Approved!

Re: Freddie Mac CFO Commits Suicide Reply #5 on: April 22, 2009, 05:21:41 PM

Marketing!

Quote from: bagman, 04-29-2002 04:35 PM

Good show!

Re: Freddie Mac CFO Commits Suicide Reply #7 on: April 22, 2009, 07:11:45 PM

I dont approve of this unilateral action.

Because you miss out on all the fun of show trials.

Re: Freddie Mac CFO Commits Suicide Reply #8 on: April 22, 2009, 08:02:22 PM

Has an obituary been posted? I'd like to send a card.

Re: Freddie Mac CFO Commits Suicide Reply #9 on: April 23, 2009, 11:24:27 AM

Re: Freddie Mac CFO Commits Suicide Reply #10 on: April 24, 2009, 06:24:31 AM

This guy joined after the crisis had become public knowledge, no?

Re: Freddie Mac CFO Commits Suicide Reply #11 on: April 24, 2009, 10:41:51 AM

probably, or he inherited a bunch of shit from the previous leadership.... that's fucked

Quote from: bagman, 04-29-2002 04:35 PM

Quote from: Thrash on April 22, 2009, 06:26:26 PM

Good show!

... if he showed up afterward, I retract this and feel dorry for him

ONLY if this is the case ....

Re: Freddie Mac CFO Commits Suicide Reply #13 on: April 25, 2009, 02:29:46 AM

Quote from: Mosh on April 22, 2009, 07:11:45 PM

I dont approve of this unilateral action.

Because you miss out on all the fun of show trials.

Re: Freddie Mac CFO Commits Suicide Reply #14 on: April 25, 2009, 06:43:56 AM

Quote from: Thrash on April 25, 2009, 01:53:46 AM

Quote from: Thrash on April 22, 2009, 06:26:26 PM
Good show!

... if he showed up afterward, I retract this and feel dorry for him

ONLY if this is the case ....

He only got the job after.

Re: Freddie Mac CFO Commits Suicide Reply #15 on: April 26, 2009, 12:37:34 AM

the banks are getting all the bad press, but it's the entire staff of Moody's who should be lined up and shot

Re: Freddie Mac CFO Commits Suicide Reply #16 on: April 26, 2009, 02:05:06 AM

Quote from: underclass on April 26, 2009, 12:37:34 AM

the banks are getting all the bad press, but it's the entire staff of Moody's who should be lined up and shot

Standard and Poors as well.

This shit wouldnt have gotten so badly out of hand if it werent for their laziness about rating various debt instruments. Everything is AAA! Especially the million dollar debt held by a black nurse in Chicago who earns $21k a year.

Re: Freddie Mac CFO Commits Suicide Reply #17 on: April 26, 2009, 06:49:15 AM

Quote from: Mosh on April 26, 2009, 02:05:06 AM

Quote from: underclass on April 26, 2009, 12:37:34 AM
the banks are getting all the bad press, but it's the entire staff of Moody's who should be lined up and shot
Standard and Poors as well.

This shit wouldnt have gotten so badly out of hand if it werent for their laziness about rating various debt instruments. Everything is AAA! Especially the million dollar debt held by a black nurse in Chicago who earns $21k a year.

Hm.. Math teachers are not entirely blameless.

Re: Freddie Mac CFO Commits Suicide Reply #18 on: April 26, 2009, 09:24:21 AM

the most fucked thing about this is that investment banks PAY ratings company for their rating. That is the most stupid thing I have ever heard and I work in finance here in Tokyo. I understand from a pricing level upwards exactly what has happened so I feel validated in saying WHAT THE FUCK, how the hell could the SEC miss the face that GS was PAYING Moody's or whomever to rate their portfolio as AAA. Holy hell. That's like GM paying the crash test company to pass a car.

Re: Freddie Mac CFO Commits Suicide Reply #19 on: April 26, 2009, 10:53:40 AM

Quote from: underclass on April 26, 2009, 09:24:21 AM

That's like GM paying the crash test company to pass a car.

You somehow believe this doesn't happen, and that every car on American roads is rated with a 4-star or 5-star crash rating.

Re: Freddie Mac CFO Commits Suicide Reply #20 on: April 26, 2009, 10:52:09 PM

You missed my attempt at subtle irony... or maybe I failed again

Re: Freddie Mac CFO Commits Suicide Reply #21 on: April 27, 2009, 06:18:40 AM

Miserably.

Americans like things unambiguous!

As a boss of mine used to like to say, the fish rots from the head. The Bush Administration (the irony in that name there is unmissable) allowed this ship to sink.

8 years completely wasted.

Re: Freddie Mac CFO Commits Suicide Reply #22 on: April 27, 2009, 09:15:28 AM

Quote from: Mosh on April 27, 2009, 06:18:40 AM

Americans like things unambiguous!

Except for our actors!