Freddie Mac Chief Commits Suicide

As bad as any failure may be, it's not worth the cost of taking one's own life. The economy sucks, but this is much more sad to me. Does anyone really think a family cares more about the state of the economy than losing a loved one? I wish scapegoats weren't such a media staple... it makes people feel like they have to carry giant burdens and the blame all on their own.

My condolences to his family and friends. They do not deserve to be left with this kind of legacy.

I blog allot on MarketWatch and those guys were out and out freaky about this. There were close to 1000 comments on the suicide and MW deleted at least 10% of them. They even delete my comment about their deletions!

as sad as it is, it almost sounds like the suicide of that enron guy that committed suicide soon after the company went under.

My sympathy goes out to his family and those he left behind (i.e. his clients, sponsers, et. al.).

Suicide sucks. Why would you take your own life? Wow, thats a big decison, to decide to not exist... Crazy.

Feel bad for him. A person just like all of us...

It will all come out sooner or later Whatever happens, God rest his soul. And yep USWGO where do you come up with this absurd s___t.

Where was Hillary this time?

I just attended a disturbing inservice this morning held by the CSI-type "Medical Examiner" of our county.

She told us that hundreds are committing suicide over the past year or so. We don't hear much about most of them because the family requests privacy and it is usually respected.

Remember when Enron went down? one of the top guys did the same thing. Only I seem to remember he parked his car and shot himself in the head (?) There is so much crime today, hard to keep up.

I too agree that a lot of people today are cold, callous and unforgiving even to people that really don't know at all, and especially don't know the truth about why they did it. I call it the "computer age". You can sit her and mouth all manner of judgements, vicious hatred, and a total lack of empathy even for people who for whatever reason felt there was "no way out".

I am not a Bible thumper as they say but I do believe this verse:

Judge not lest ye be judged. Also, let the person without sin cast the first stone.

Heart attack in small town America, Hanging, private plane crash? Don't judge the man, you don't know what happend to him, except he probably knew too much.

this needs investigating.

He really is just a downright dirty coward and saw what was happening and BOOM thats all she freakin wrote.

I wonder if i should be shocked or not? Here we are in a critical time of US history and the people who are in position of making changed just freak out. This is patheic. NO one is perfect, we all are make mistakes. Suicide is never the answer to solve our problems.

who cares?

government assassination conspiracy theory anybody??

Money isn't everything......

He had help. big brother is every where:-(

maybe he can quick wit himself out of hell if the devil is in a good mood .

Statement from Freddy Mac, for what it is worth:

STATEMENT BY JOHN KOSKINEN, FREDDIE MAC INTERIM CEO, ON THE DEATH OF DAVID KELLERMANN, FREDDIE MAC ACTING CFO

The Freddie Mac family is truly saddened by the news this morning of David Kellermann’s death. We extend our deepest condolences to David’s family and loved ones for this terrible personal tragedy.

David was a man of great talents. He dedicated those talents to Freddie Mac for more than 16 years, serving in many business and finance capacities before recently taking the reins as acting chief financial officer. His extraordinary work ethic and integrity inspired all who worked with him. But he will be most remembered for his affability, his personal warmth, his sense of humor and his quick wit. David was a friend to many in the Freddie Mac family, and we mourn his passing.

Wow. I see a number of the contributors today had a full breakfast of self-righteousness today. I am fascinated that people are calling him a coward who know virtually nothing about him. If he was suffering from clinical depression, then he was enduring a level of hopelessness and despair that cannot even be imagined by people who have never suffered from that affliction. He may also have been suffering from some advanced form of disease, like cancer. He may have been suffering from both.

The article says he was the "acting" head of Freddie Mac, so he had replaced the CEO but had not been given that job permanently. So whatever his previous role at the company was (CFO -- but for how long?), he was not THE guy in charge during any wrongdoing at the company that might come to light.

But even if it turns out that he had done bad things and his feelings of guilt and remorse drove him to kill himself, are people REALLY that completely unsympathetic? IF that was the case, whatever bad decisions he had made were clearly eating him alive.

The man made a mistake (or mistakes), but he also clearly had a conscience. I don't mean to pontificate -- I am no saint; but I can at least appreciate this guy over somebody like Madoff, who thumbs his nose at the world and appears to feel entirely justified in crushing the hopes and dreams of people who were trusting enough to invest their money with him.

And of course, this man almost certainly had a family who cared about him and who would have forgiven him and helped him to rehabilitate himself IF he had done some bad things. I don't know the details of his life, yet, but I am guessing that in him someone has lost a son, a husband, a father and perhaps even a grandfather. Others have lost a friend.

Maybe I am completely out in left field, but I just don't see how this event could provide "satisfaction" or "triumph" for anyone. Whatever was bad about this man is gone, but anything that was good about him is gone, too. And one cannot help being sad for those who cared about him.

Looks like one of them took Sen. Grassely's advice. Grassely said they should do like the Japanese and commit suicide and later apologized. Evidently the Wall Street cabal does not has as great a conscience as this man. But then psycopaths don't have consciences.

when i heard this on the news i thought it was a "bad" joke with good timing . then when i heard it was actual i took in a nice deep breath , and slowly exhaled while savoring the beauty of it's reality .

WHAT A FANTASTIC EXAMPLE FOR OTHERS LIKE HIM TO FOLLOW!

suicide is such a cop out way to go.

William Casey, Ron Brown,Ken Lay, now David Kellerman and so many others just conveniently just disappear before they are summon to testify.

You can believe this is you want to.

I'll sell you 1 million bucks for half price ?

fuck him, hope the estate tax lets us see some of that money he was hoarding!

"Don't walk the plank like I did. You will be dispensed with. When you've become inconvenient."

Hmmmm.... odd timing.

Maybe this guy was one of Barney Frank's butt buddies. That would certainly be a valid reason to want to die.

A sad trend that isn't ending soon.

He found the answer to "How bad is the economy, really?" and then he killed himself, coward.

Well that solved nothing...

I blame Bush!

The lack of details surrounding this man's death seams a little suspicious. I think there are certain people that would not have wanted this man to divulge what really happened at Freddie Mac.

This type of stuff turns on the whole New World Order crew! HAH! They are probably whipping themselves up into a circle jerk frenzy!

www.infowars.com

My sympathy to his family and friends. No one deserves to feel like they have to take their own life. Very sad situation

Mr. Kellerman had discovered an incriminating "error" in Freddie Mac's books and was extended two options. Cover up the error, or step down and "forget" about what he knew. Mr. Kellerman refused both options so the choice was made for him.

god rest his soul.

Not sure if I believe this. He probably had the funds to pull a Dino Spumoni.

He was only 41 !

not a suicide

If was about to get exposed for illegal actions and did not want to go to "pound me in the ass prison" I guess that was his only option. If he did this due to a change in life style shame on him!

I like how the new interim ceo described it as "his passing." Dude murdered himself. Just so we are clear in my opinion ceo's and politicians are nothing more than sanitizers.

knowing what the monsters behind this global financial crisis are capable of makes me view any 'supposed' suicide as dubious, at best.

Clarification: David Kellerman was the CFO of Freddie Mac, not the CEO.

Where's the original head of Freddie Mac and what does he have to say about this whole mess?

I wonder what he knows that we don't know about the state of this company and companies like his.

Maybe he had a conscience.
He was handed the mess someone else created.
To know the economic problems that effect so many and influenced by decisions made in your company must be daunting to say the least.
Maybe he was privy to more facts in the last two years he headed the company that really hit home, and he was unable to handle it for so many reasons. Such responsibiliy without the authority to help fix it because 'big brother' now pulls the strings must be frustrating.
He was given the post after the last guy left his mark, maybe he saw it was useless to try to fight all the influences and just took the easy way out.
Such a tragedy.

Kind of a stretch USWGO. Chances are this guy committed suicide because he was deeply involved in instituting the policies that led to the Freddie Mac disaster. It's sad but it also makes me angry. People like him were willing to do anything they could to game the system to make an imaginary profit, but when the shit hits the fan, he kills himself. Sorry, but thats cowardice.

This is sad, the NWO is getting closer to succeeding they just need all the CEOs to kill themselves so everything becomes government controlled like socialism but more like communism because you'll have no right to freedom of speech or even throwing tea party protests.

Show the crime photo's ,then I'll make up my own mind if its Suicide
Think about !

Whatever he knew he took with him ( it must be bad )
just goes to show ya ! whatever that means , but i sorry to hear something like that !

All the troubling things he has seen. Poor soul.

Well. Thats sad. Happening everywhere.