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Freddie Mac CFO Sought Time Off

By MATTHEW BARAKAT and ALAN ZIBEL
,
AP
posted: 198 DAYS 13 HOURS AGO
comments: 18
Text SizeAAA
VIENNA, Virginia (April 23) - Freddie Mac's acting chief financial officer had met with the mortgage giant's human resources office and had been making plans to take time off only a day before authorities found him dead in an apparent suicide, a person close to the company said Thursday.
A human resources official met with David Kellermann on Tuesday and told him he needed a break because he had been working hard, said the person, who spoke on the condition of anonymity because the individual wasn't authorized to discuss the matter publicly.
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Kellermann, 41, of Vienna, was found dead Wednesday in the basement of his home. A law enforcement official also speaking on condition of anonymity told The Associated Press that Kellermann hanged himself. He asked not to be identified because the investigation was ongoing.
Kellermann worked for the company for 16 years and was promoted last September when the government seized the mortgage company and ousted its top two executives. He oversaw a staff of about 500 at Freddie Mac's McLean headquarters and was working on the company's first-quarter financial report, due by the end of May.
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Co-workers were not the only ones who had noticed the strain placed on Kellermann by his job duties. Several neighbors said Kellermann had lost weight in recent months, and some had even advised him to quit, but Kellermann responded that he wanted to help the company through its difficulties.
The meeting with the human resources office was first reported Thursday on the Wall Street Journal's Web site.
Freddie Mac, which owns or guarantees about 13 million mortgages, has been criticized for financing risky loans that fueled the real estate bubble and are now defaulting at a record pace. The company lost more than $50 billion last year, and the Treasury Department has pumped in $45 billion to keep the company afloat. Last month, David Moffett, the government-appointed chief executive, resigned in frustration over strict oversight.
Medical examiners have completed Kellermann's autopsy but say a final determination on his cause of death could be weeks away.
Nancy Bull, the regional administrator for the medical examiner's office, said Thursday the final determination won't be made until all the lab results are received. But she said the preliminary findings are consistent with a suicide.
Copyright 2009 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. Active hyperlinks have been inserted by AOL.
2009-04-23 14:14:54

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NOS2001

09:07 AMApr 23 2009

REMEMBER VINCE FOSTER????? AMAZING HOW MANY PEOPLE HAVE COMMITTED SUICIDE. I WONDER IF HE WAS ONE OF BARNEY FRANKS BOYFRIENDS.. REMEMBER WHERE ALL THOS CURRENT MESS STARTED----FANNIE N FREDDIE, WHICH BARNEY CONTROLLED,, BARNEYS BOYFRIEND MADE MILLIONS WHILE WE LOST HALF OUR 401K'S.

AVG RATING:
(1)

PaladinLvs

08:26 PMApr 23 2009

Bad loans are killing us.

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(0)

ImCraZyRiTeR

08:13 PMApr 23 2009

I'm not sure which would be worse. An eternal life in Hell or dealing with these Hellish Democrats on Capitol Hill. Barney Frank should be prosecuted for involuntaray manslaughter for this suicide because Barneysaid all was fine with Freddie Mac!!!

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(4)

Omanvan1

04:53 PMApr 22 2009

I just don't understand. It seems he had everything to live for. I don't see "Alex Keaton" killing himself.

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(2)

AMDM

04:08 PMApr 22 2009

remember democrats kill

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(6)

JuFrgs

03:47 PMApr 22 2009

ONE DOWN MORE TO GO! WHY DO THESE PEOPLE HAVE TO KILL THEMSELVES WHERE OTHER FAMILY MEMBERS HAVE TO LIVE. THIS WAS A SELFISH ACT OF THE BLUE EYED DEVIL. I FEEL FOR THE FAMILY BUT NOT FOR THE PUNK THAT HUNG HIMSELF OF THE BASEMENT WHERE HIS (5) YEAR OLD DAUTHER LIVES. HE RATHER WENT TO HELL THEN TO GO TO JAIL! HIS HAND MUST HAVE BEEN DIRTY.

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(3)

AnCWalton

03:17 PMApr 22 2009

Condolences to the family...Little out so far indicates lots of investigation needed into this. Maybe a story for 24 ?

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AnCWalton

03:14 PMApr 22 2009

Could he have known too much ?

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(7)

Lerwilhelm

01:17 PMApr 22 2009

there are ways of making things look like suicide, so in this political climate everyone should be suspect of this situation. There are powerful ruthless people in Washington, DC. Especially in the House of Rep.

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(5)

PMBPR

01:03 PMApr 22 2009

Something fishy going on here!! However, my sincerest condolences to the family.

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Freddie Mac\'s acting chief financial officer was apparently told to take time off from work days before he committed suicide.