Wednesday, April 22, 2009

Suicide? Freddie Mac acting CFO dies. A Conspiracy Theory?

"The acting chief financial officer of Freddie Mac was found dead in his home Wednesday morning of an apparent suicide, Fairfax, Va."

It is a sad thing that someone takes their own life, however this is kind of 'convienient'.  For the folks in Congress.

"as acting chief financial officer, Kellermann "is responsible for the company's financial controls, financial reporting, tax, capital oversight and compliance with the requirements" of congressional legislation known as the Sarbanes-Oxley Act of 2002. That law was a response to financial scandals like Enron and was intended to make corporate boards more accountable.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets by guaranteeing loans to what is now 3 million homebuyers.
"

This is 3 days after the announcement of Herbert Allison Jr.  Fannie Mae's president and CEO, to become the assistant Treasury secretary.

"The White House turned to an experienced former investment banker Friday to run the federal government's $700 billion bank rescue effort, selecting the head of mortgage giant Fannie Mae as an assistant Treasury secretary.

Herbert Allison Jr., Fannie Mae's president and CEO, will replace Neel Kashkari, a holdover from the Bush administration.

Allison, who must be confirmed by the Senate, would bear the title of assistant Treasury secretary for financial stability and counselor to Treasury Secretary Timothy Geithner.
"

Interestingly enough... in data from the Federal Election Commission on Sept. 2, 2008.

Shows no information on Barack Obama's contributors.

http://www.fec.gov/finance/2008matching/2008matching.shtml

I, however found this about Fannie Mae/Fannie Mac's contributions.

http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html

Show's Christopher Dodd, Barack Obama and John Kerry as the Top 3.  Notable Republicans like John Macain(#62) are also toward the bottom of the list.  Hillary Clinton(#12), Harry Reid(#11) and Nancy Pelosi(#18) and even Joe Lieberman(#50).
http://www.johnnyproctor.com/amy/fanniemae_freddiemac.jpg

So.. now you know why our representatives are bailing out companies, and not listening to US!

My sympathies to the Kellermann Family.  No matter the cause, a loss to a family is great.  I pray god for their comfort and give them strength in this tragedy.

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