Common tactic for senior management in trouble. Get a naive, ambitious guy into the difficult position - then he can't get out of it. Clinton rang up a suicide this way. Condolences to the family.
I love how no bad news comes out for a month or so and with the market at its upper limits, we start getting rumors and bad news.
All I have to say is this is very odd. It's not like he was a fund manager and invited family and friends to invest in it and they lost tons of money. http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN2252992720090422 Freddie Mac acting CFO apparent suicide - reports Wed Apr 22, 2009 8:33am EDT WASHINGTON, April 22 (Reuters) - David Kellermann, the chief financial officer of mortgage giant Freddie Mac, was found dead in his Virginia home on Wednesday, an apparent suicide, police and CNN said. Kellermann, 41, was discovered before dawn in his suburban Washington home in Fairfax County, Virginia, police said. They did not confirm the exact cause of death but CNN said it had confirmed he had committed suicide.
Years ago here in TX, the head of the state's lottery commission was found murdered in his home near Austin. No leads, no clues, nothing. Never solved. This "suicide" looks fishy too. Prayers for the family.
actually... rumors are coming out that he was asked to step down by Obama... and wouldn't... and a presidential motorcade was seen fleeing from the house early this morning. Welcome to the "New Policy". I'm guessing he was a very by-the-book CFO who refused Geithners "Mark to Whatever makes the mess look better" accounting policy. GM's Wagoner was offered the same "out", but decided to forcibly resign. -- In all seriousness... condolences to the family.