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TUESDAY, NOVEMBER 24, 2009
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Freddie Mac CFO Found Dead in Apparent Suicide

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(Newser) – Acting Freddie Mac CFO David Kellerman was found dead this morning in what appears to have been a suicide, the Washington Post reports. Kellerman, 41, joined Freddie Mac as an analyst in 1992. He was promoted to CFO when the government took over Freddie last fall, but the company, which hemorrhaged billions as the mortgage market collapsed, has been publicly searching for a permanent replacement.

Former Freddie Mac Chief Executive Officer Richard Syron, left, listens as former Fannie Mae Chief Executive Officer Daniel Mudd, right, testifies on Capitol Hill, Dec. 9, 2008.
Former Freddie Mac Chief Executive Officer Richard Syron, left, listens as former Fannie Mae Chief Executive Officer Daniel Mudd, right, testifies on Capitol Hill, Dec. 9, 2008.   (AP Photo/Susan Walsh)
In this Sept. 25, 2008 file photo, Freddie Mac Chief Executive Officer David Moffett testifies before the House Financial Services Committee.
In this Sept. 25, 2008 file photo, Freddie Mac Chief Executive Officer David Moffett testifies before the House Financial Services Committee.   (AP Photo/Kevin Wolf, File)
In this July 13, 2008 file photo, the Freddie Mac's corporate offices are seen in McLean, Va.
In this July 13, 2008 file photo, the Freddie Mac's corporate offices are seen in McLean, Va.   (AP Photo/Pablo Martinez Monsivais, File)
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Doctor_Zaius
Apr 22, 09 8:23 AM CDT
*Waits for the conspiracy nuts to put on their tin-foil hats* Reply
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professortech
Apr 22, 09 9:18 AM CDT
These financial execs that have comitted suicide have shown that they are spineless individuals that can not face up to the realities of how their actions have effected others. This once again shows that these power brokers, paper pushers, speculators and two fisted money grabbers do not deserve any amount of public respect or the much argued for compensation packages they have taken. They are pitiable individuals that do not understand that taking responsibility for ones actions AND working through a solution to the problems one creates is the true hallmark of character in an individual. Every stock trader, company exec, CEO, CFO, company board member and MBA/ Business student should be given a community service education class featuring videos/photos taken at the scenes of these exec suicides and any past or future criminal trials. Just like the drunk driving videos that show the results of fatal accidents they should be made to witness the impact of their avericious decisions and bottom line/ profit motive thinking. Reply
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TerrifiedCitizen
Apr 22, 09 11:13 AM CDT
Or... it shows that after pouring their life's energy into something that meant very much to them, they take failure very personally. Reply
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Mad
Apr 22, 09 2:04 PM CDT
Wow, great counterpoint
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Sniffer
Apr 22, 09 11:53 AM CDT
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UPDATED

Pressure on Freddie
Exec Was 'Relentless'

Colleagues say Kellermann lost weight, barely went home

Apr 23, 09 5:53 AM CDT
(Newser) - The acting chief financial officer at Freddie Mac, who hanged himself yesterday, was working nonstop and had recently asked the company for a security detail, colleagues tell the New York Times. David Kellermann was struggling to balance the contradictory demands of investors, regulators, and lawmakers, and coworkers say he had... More »

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 Md. Man Who Killed Family 
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Father detailed mortgage, credit card woes in notes

Apr 22, 09 2:48 PM CDT
(Newser) - The Maryland man who murdered his family before shooting and killing himself complained of his financial troubles in notes left at the scene, the Washington Post reports. Christopher Wood’s family was at least $460,000 in debt from two mortgages and credit card charges. The family owned a Florida... More »

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 Recession Depression Setting In 

One suicide hotline reports a 77% jump in calls

Feb 15, 09 6:11 AM CST
(Newser) - Some people can take losing a job in stride, but Silvia Martinez isn’t one of them. When she lost her $52,000-a-year human resources job, the Virginia woman was too ashamed to tell anyone and sank into a deep depression. “I apply for jobs and apply for jobs... More »

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