Freddie Mac lost 50 billion last year, and the perpetrators have long disappeared under the cloaks of their Democrat masters, enjoying centi-million fortunes amassed from meeting targets for extending bad loans to targeted constituencies. Those still standing are the middle managers, now promoted into "acting" senior offices to clean up the mess.
David Kellerman was one such pawn in the big game. Now he's dead. An apparent suicide.
David Kellermann, acting chief financial officer of Freddie Mac, one of the housing-finance companies backed by the U.S. government, was found dead at his suburban Washington home early Wednesday.Officer Shelley Broderick of the Fairfax County Police Department in Virginia said there were "no signs of foul play" when police found Mr. Kellermann's body after responding to a call made at 4:48 a.m. Mr. Kellermann was 41 years old.
The call was made from within Mr. Kellermann's home in the Hunter Mill Estates subdivision in Reston, said Fairfax County Police spokesman Eddy J. Azcarate. "The body was downstairs in the basement and the officers went directly to it," Mr. Azcarate said.
Happily married with a five year old daughter and a with a well-compensated if challenging job; Kellerman's took his life in the basement of his home, where his wife and daughter were able to discover the body.
I am dubious.
Suicide is a well-studied phenomenon, and Kellerman doesn't have significant risk factors, if any. In fact, he has a considerable number of contraindications. Men commit suicide in their teens and twenties and in significantly larger numbers after the age of 65. Environmental factors include being single, having a low income, retirement and disability. Family history of suicide is a significant factor--largely because it points to genetic predispositions for depression.
Kellerman was married, with a child, handsomely compensated in gainful employment and only 41 years old. He had in fact been tapped for the big chair (CFO of Freddie Mac) after the company lost 50 billion last year and its executive suite was abandoned by its malefactors. It was in fact and ideal career situation. The old guard was disgraced and if he succeeded at rescuing Freddie Mac, he'd be a hero. If he failed, he was was no worse for wear since his predecessors would get the blame. Just to get to that rung in the corporate hierarchy suggests Kellerman had the robust psyche required to negotiate the brutal politics of such an environment--definitely not the kind of guy who'd put a gun to his head and pull the trigger.
Then there is the fact that he allegedly offed himself in the basement of his home--under the same roof as his wife and five year old daughter. Truly motivated suicidal people tend to seek isolation from potential guardians or rescuers in order to minimize the trauma to loved ones or prevent intervention. This is why cars, National Parks, the Golden Gate bridge, and motels are such popular locations for suicides.
On the other hand, the motivations to murder an acting CFO of a troubled corporation with significant political ties to the party in power? Good odds.



Comments (2)
Motive is the word. I don't buy the foul play suspicion. It is rather an indication of the depth of the financial meltdown. The man's mind melted down with it.
Posted by Brian R. Higgins | April 22, 2009 1:40 PM
Posted on April 22, 2009 13:40
Have they found out conclusively about what caused Kellermann's death? All things considered, it seems doubtful that this was a suicide
Posted by Nomad | May 4, 2009 1:56 AM
Posted on May 4, 2009 01:56