Freddie Mac Acting CFO Kellermann Found Dead

[Steve S]

Originally Posted By: pbm
Too bad half of Congress wouldn't follow his lead.
97% house and senate!!!

 

[Steve S]

Originally Posted By: Kruse
Originally Posted By: PandaBear
I'd say someone murdered him to keep his mouth shut. Or his was offered a deal to keep the money if she make it looks like a suicide.


Oh, dear! Another Vince Foster?
The same people are back

 

[Tempest]

Quote:
The Post said Kellermann and other Freddie officials "tussled" with the Federal Housing Finance Agency early last month as the company prepared to file a quarterly report with the Securities and Exchange Commission. Top executives, including Kellermann, were insistent that Freddie Mac inform shareholders of the cost to the company of helping carry out the ---- housing recovery plan, the two newspapers reported. The Post, citing several unnamed sources, said the regulators "urged the company not to do so." An unnamed FHFA official who spoke to the Post disputed that, saying, "The regulator did not oppose disclosure but how the information was portrayed in the filing."

In the end, FHFA reportedly retreated and Freddie formally disclosed that the ---- anti-foreclosure plan could force the firm, which is in a federal government conservatorship, to take a pre-tax charge of $30 billion.

http://www.politico.com/blogs/joshgerstein/0409/Was_Freddie_pressured_to_toe_Obama_line.html

$30 billion in the red with 2 very powerful parts of the government telling you to do opposite things...

Interesting what that might lead to.