Police investigating death of Freddie Mac official

Police investigating death of Freddie Mac official

By MATT SMALL, Associated Press Writer

WASHINGTON – David Kellermann, the acting chief financial officer of Freddie Mac, was found dead at his home Wednesday morning in what broadcast reports said was an apparent suicide.

WUSA-TV and WTOP Radio reported that David Kellermann was found dead in his Northern Virginia home. The 41-year-old Kellermann has been Freddie Mac's chief financial officer since September.

Sabrina Ruck, a Fairfax County police spokesman, confirmed to The Associated Press that Kellermann was dead, but she could not confirm that he committed suicide.

Kellermann's death is the latest blow to Freddie Mac, a government controlled company that owns or guarantees about 13 million home loans. CEO David Moffett resigned last month.

McLean, Va.-based Freddie Mac and sibling company Fannie Mae, which together own or back more than half of the home mortgages in the country, have been hobbled by skyrocketing loan defaults and have received about $60 billion in combined federal aid.

Kellermann was named acting chief financial officer in September 2008, after the resignation of Anthony "Buddy" Piszel, who stepped down after the September 2008 government takeover. The chief financial officer is responsible for the company's financial controls, financial reporting and oversight of the company's budget and financial planning.

Before taking that job, Kellerman served as senior vice president, corporate controller and principal accounting officer. He was with Freddie Mac for more than 16 years.

I find it ironic how anyone could not see this coming.

IRONIC, but not surprised. While our world looms closer and closer to its prophesied conclusion, desperation is beginning to settle in the hearts of those who have chosen the world to store their "treasure". The apparent suicide of David Kellerman is just one example of what becomes a person who falls in to this trap. Kellerman left behind a wife and small daughter whose one thought from now on will be knowing that her daddy valued his money or career more than her and her mother.

GREED. Just one of the many subjects Jesus warned us about. Still, few people heed the warning. How many more lives will its touch destroy?

Bernard Lawrence "Bernie" Madoff is another person touched by GREED. A businessman and former non-executive of the NASDAQ stock exchange was convicted of operating a Ponzi scheme that has been called the largest investor fraud ever committed by a single person. On March 12, 2009, Madoff pled guilty to an 11-count criminal complaint, admitting to defrauding thousands of investors. And as it so happened, who were most (if not all) of those investors that became victims? Other GREEDY people. It just goes to prove Thomas Tusser's old adage, "A fool and his money are soon departed."

More heads are going to roll because of Freddie Mac and Fannie Mae. It is only a matter of time. My question is will it be Democratic Sen. Christopher John Dodd (Conn.) and Democratic Congressman Barney Frank (Massachusetts's 4th congressional district), the people responsible for saying to the American people that both were not in any trouble at all? Or will David Kellerman be made out as one of the many scape-goats?

We'll see in the upcoming weeks as to how it all plays out.

Matthew 6:24 (New International Reader's Version)

²⁴ "No one can serve two masters at the same time. He will hate one of them and love the other. Or he will be faithful to one and dislike the other. You can't serve God and Money at the same time.