The financial crisis has now apparently claimed a life. David Kellerman, chief finacial officer for Mortgage giant Freddie Mac, was found dead in his northern Virginia home yesterday. According to Fairfax County police, it appears he hung himself in his basement. It's still unclear exactly what prompted his state of despair, but Kellerman had been with the firm for 16 years. He had started at Freddie Mac as a lowly analyst, worked his way up, and was only recently tapped to be the firm's CFO. Kellerman was 41 and leaves behind a wife and young daughter.
Once a high-flying profitable corporation, Freddie Mac has suffered enormous losses over the last year and come under withering criticism for its role in the collapse of the housing market.
Thursday, April 23, 2009
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