Wednesday, April 22, 2009

Acting Freddie Mac CFO Commits Suicide


David Kellermann, acting chief financial officer of Freddie Mac, committed suicide in his Hunter Mill Estates home Wednesday morning. He hanged himself. According to the paper he lived in the Hunter Mill Estates, a neighborhood of single-family homes outside of Vienna, just over the border from Reston.

I know exactly where that is, because for me, it was a tony neighborhood not too far away from where my best friend lived. I remember going by there a few times thinking, “I wonder what it’s like to live in a place like that?” Darryl gets after me for being so easily impressed but when you grow up poor McMansions really do impress you.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets by guaranteeing loans to what is now 3 million homebuyers. Freddie Mac has been criticized heavily for reckless business practices. Some believe those practices contributed to the nation's housing and financial crisis. Freddic Mac owns or guarantees about 13 million home loans.

As CFO, Kellermann was responsible for the company's financial controls, financial reporting and oversight of the company's budget and financial planning.
In another “He was such a nice guy” moment, Philip Markoff has been charged as the Craig’s List Killer. They were able to track him through his contact on Craigslist to the murdered woman. The New York City woman advertised massage services on Craigslist and had a massage table set up in the room where she was shot last Tuesday, police said. He’d contact the woman for “services” and then once alone in the room he would rob them. The last robbery resulted in murder.

Prosecutors say they found a semiautomatic weapon at his home, as well as ammunition and materials exactly like those used in an attack on another masseuse in Boston. You look at him and say, “Gosh he looks normal enough.” You wish for the millionth time that people, like cigarettes came with a warning label.

Blog contests I entered:

Prizes (2): Month's supply of Finish Quantum and Jet-Dry Turbo.

Prize: Exergen TemporalScanner thermometer.

Prize: Exergen TemporalScanner Thermometer.

Prizes (3): Elmo And The Bookaneers: Pirates Who Love To Read DVD.

Prizes (2): $25 Kroger gift card.

Prize: Bissell Little Green Floor Cleaner (ARV $74.88).

Grand Prize: Two baby outfits from Messages from the Heart, and copies of Welcome Little One, Peek-a-boo I Love You, Baby Love, My Blanket, Little Blossom, Goodnight Little One, Butterfly Kisses, Love Bug, Bedtime Bunny and Little Angel (ARV $149.88).
Runner Up Prizes (4): Copy of Welcome, Little One (ARV $15.99).

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