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Date:
Mon, 27 April 2009 11:50 WesternIndonesiaTime
Subject: Freddie Mac's CFO Suicide,
Reminder Of Chain Reaction Occurred
From Butterfly Effect
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The
headquarters of mortgage lender Freddie Mac is seen in
Mclean, Virginia, near Washington, in this September 8, 2008
file photo.
REUTERS/Jason
Reed/Files
Wed Apr 22, 8:18
AM ET |
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This 2008
file photo shows a view of Fannie Mae headquarters in
Washington, DC. More than 7,600 employees of US
government-rescued mortgage finance giants Fannie Mae and
Freddie Mac are to receive 210 million dollars in bonuses to
keep them in their jobs, according to documents released by
a lawmaker Friday.
(AFP/File/Karen
Bleier)
Fri Apr 3, 6:47
PM ET
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This undated
photo provided by Freddie Mac shows David Kellermann,
the acting chief financial officer of mortgage giant Freddie
Mac. Kellermann was found dead at his home Wednesday morning
April 22, 2009 iin what police said was an apparent suicide.
(AP
Photo/Freddie Mac)
Wed Apr 22,
10:37 AM ET |
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Freddie
Mac Chief Executive Officer John Koskinen, left, leads a
line of chief executives as they leave the White House in
Washington, Friday, March 27, 2009, following a meeting
between chief executives and President Barack Obama.
(AP
Photo/Ron Edmonds)
Fri Mar 27, 3:38 PM ET
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Top executive at Freddie Mac in apparent suicide
Wed Apr 22, 9:36 am ET
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WASHINGTON (AFP) – A top
executive of the troubled US mortgage finance
giant Freddie Mac was found dead in his
Washington area home Wednesday of an apparent
suicide, police said.
David Kellermann, acting
chief financial officer and a senior vice
president of Freddie Mac, was found dead at his
home in Vienna, Virginia around 5:00 am, Fairfax
County Police Department spokeswoman Shelley
Broderick said.
"His death is under an
active investigation. It was an unattended death
and there are no signs of foul play," she told
AFP.
Local media reports said
Kellermann's wife alerted police. Officer
Broderick declined to offer further details.
Another police spokeswoman,
Mary Anne Jennings, told WTOP radio: "We were
called from
inside
the house to
come |
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investigate
an apparent suicide."
Kellermann, 41, had worked
for Freddie Mac since 1992 and was named acting
CFO in September, when Freddie Mac and its
sister firm Fannie Mae were seized by the
government to prevent their collapse.
Both mortgage finance
companies have been reeling from the housing
market collapse.
Hammered by the global
financial crisis and the US recession, the two
publicly owned firms were bailed out at a cost
to taxpayers of up to 200 billion dollars.
Kellermann, a graduate of
George Washington University and the University
of Michigan, was a volunteer board member of
Washington's Coalition for the Homeless,
according to his biography on Freddie Mac's
website.
The company had no
immediate comment. |
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Freddie Mac is a shareholder-owned
corporation whose people are dedicated to
improving the quality of life by making the
American dream of decent, accessible housing a
reality. |
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We
accomplish this mission by linking Main Street
to Wall Street-purchasing, securitizing and
investing in home mortgages, and ultimately
providing homeowners and renters with lower
housing costs and better access to home
financing. Since our inception, Freddie Mac has
helped more than 50 million American families
achieve homeownership and financed one out of
every six homes in America.
Freddie Mac employs nearly 5,000 people.
http://www.freddiemac.com/news/corp_facts.html |
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Fannie Mae is
a government-sponsored enterprise (GSE)
chartered by Congress with a mission to provide
liquidity and stability to the U.S. housing and
mortgage markets. |
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Fannie Mae operates in the U.S. secondary
mortgage market. Rather than making home loans
directly with consumers, we work with mortgage
bankers, brokers, and other primary mortgage
market partners to help ensure they have funds
to lend to home buyers at affordable rates. We
fund our mortgage investments primarily by
issuing debt securities in the domestic and
international capital markets.
Fannie Mae was established as a federal agency
in 1938, and in 1968 we were chartered by
Congress as a private shareholder-owned company.
On September 6, 2008, Director James Lockhart of
the Federal Housing Finance Agency (FHFA)
appointed FHFA as conservator of Fannie Mae. In
addition, the U.S. Department of the Treasury
agreed to provide up to $100 billion of capital
as needed to ensure the company continues to
provide liquidity to the housing and mortgage
markets.
Fannie Mae has three businesses - Single-Family,
Housing and Community Development, and Capital
Markets - that work together to provide
services, products, and solutions to lender
partners and a broad range of housing partners.
Together, these businesses contribute to the
company's chartered mission objectives, helping
to increase the total amount of funds available
in America to make homeownership and rental
housing more available and affordable.
Last
Revised: October 7, 2008
http://www.fanniemae.com/aboutfm/index.jhtml?p=About+Fannie+Mae |
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Emergency
personnel remove a body from the home of David Kellermann,
acting chief financial officer of mortgage giant Freddie
Mac, in Reston, Virginia, in this frame grab taken on April
22, 2009.
REUTERS/WRCTV/Handout
(UNITED STATES) MANDATORY CREDIT (BUSINESS OBITUARY) NO
SALES. NO ARCHIVES. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR
MARKETING OR ADVERTISING CAMPAIGNS
Wed Apr 22,
11:16 AM ET
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The
home of David Kellermann, acting chief financial officer of
mortgage giant Freddie Mac, is seen in Vienna, Va.,
Wednesday, April 22, 2009, after he was found dead at his
home Wednesday morning in what police said was an apparent
suicide.
(AP Photo\Luis M. Alvarez)
Wed Apr 22, 12:14 PM ET
Sun Apr 19, 2:17 PM ET
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Tragic news about apparent suicide of
David Kellermann,
Chief Financial Officer at Freddie Mac, appeared just a few hours after my
previous letter "Mimika
Air Crash At Mount Gergaji" in which I wrote "The
word 'gergaji' is Indonesian word for 'saw' in English, like in 'chain
saw'......But
to make sure what kind of 'saw' is the meaning here, I think I should be
better wait for other clear message......".
So what could be the message from such
suicide?
It was the second time in this "Up 4" that the
name David had died. The first was in "F-22
Crash In California With Test Pilot Killed, whereas the test
pilot was David Cooley.
David is the name of a famous king of Israel
who was also a prophet, the father of Prophet Solomon. While "saw" is an
abbreviation usually put behind the name of prophet Muhammad, with the
meaning of 'May Allah bless him and grant him peace'. It could be the
message of peace, and the realization of the "test" should be also for
peace in this world.
This tragedy also becomes important since
Freddie Mac is one of the most suffering big companies after the housing
sub-prime mortgage problem appeared in the U.S., mostly because Freddie
Mac business is in housing loans. And the sub-prime mortgage problem
seemingly resulted from my idea of "Paris Seven Houses". Freddie Mac and its sister company Fannie Mae,
both in housing finance business and also both suffering in the
sub-prime mortgage problem, contains "Ma" like reminding me about
to treat Rahma as an Emma for me like I wrote in "Rahm
Emmanuel In The US Congress".
The name Freddie Mac also reminds me with a
nick name I used to call my older brother Faisal. When I was a kid, I
used to call him "mak", from the word "mas", a call to
an older man or boy
that I was unable to spell correctly. Since year 2001, my monthly
financial support mostly come from my brother Faisal, besides from my
sister once in awhile. So the recent world economic crisis that was
based on housing sub-prime mortgage in the U.S., among which affected
the U.S. major housing loans company Freddie Mac, seems like a message
from God that I should realize the "test" through the selling of my
"15 paintings",
therefore I will no longer become a burden to my brother
Faisal or any others. And therefore I will be more useful in the rest of my life, by
maximizing optimally my potentials.
It also like a reminder for me about the "chain-reaction"
occurred from the possible chaos theory of butterfly-effect, a flap of butterfly
in a country could cause a storm in another faraway country.
Would these reminders lead to God's opening conversation with you and I
for the good of this world............
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Reporters
interview Fairfax County Police spokesman Officer Eddy
Azcarate (C) outside the home of David Kellermann, acting
chief financial officer of mortgage giant Freddie Mac, in
Vienna, Virginia, April 22, 2009. Kellermann, acting chief
financial officer of troubled U.S. mortgage giant Freddie
Mac, was found dead on Wednesday in his suburban Virginia
home after apparently committing suicide, a local police
source said.
REUTERS/Jonathan Ernst
(UNITED STATES BUSINESS)
Wed Apr 22, 12:19 PM ET
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Television news crews fill the sidewalk across from the
home where David Kellermann, acting chief financial
officer of mortgage giant Freddie Mac, was found dead on
Wednesday in Vienna, Virginia, April 22, 2009.
REUTERS/Jonathan Ernst (UNITED
STATES BUSINESS OBITUARY IMAGE OF THE DAY TOP PICTURE)
Wed Apr 22, 11:19 AM ET |
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