Freddie Mac Head Found Dead

[Yuriatin]

I'm wondering if there was / is something about to come out on the company why he killed himself ...

___
<span style="font-size: 17pt">
<span style="font-weight: bold">
Police Investigating Death of Freddie Mac Official</span></span>

By Matt Small
Associated Press Writer / April 22, 2009


WASHINGTON—David Kellermann, the acting chief financial officer of mortgage giant Freddie Mac, was found dead at his home Wednesday morning in what<span style="font-weight: bold"> <span style="color: #FF0000">police said was an apparent suicide</span></span>.

Mary Ann Jennings, director of public information for the Fairfax County, Virginia, Police Department, said Kellermann was found dead in his Reston, Virginia, home. <span style="color: #FF0000"><span style="font-weight: bold">The 41-year-old Kellermann had been Freddie Mac's chief financial officer since September</span></span>.

Jennings said that a crime scene crew and homicide detectives were investigating the death, but that there didn't appear to be any sign of foul play.

Freddie Mac has been criticized heavily for reckless business practices that some argue contributed to the housing and financial crisis. Freddic Mac is a government-controlled company that owns or guarantees about 13 million home loans. CEO David Moffett resigned last month.

Freddie Mac and sibling company Fannie Mae, which together own or back more than half of the home mortgages in the United States, 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 &quot;Buddy&quot; 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.

http://www.boston.com/business/articles/...ead_1240402552/

[Derek]

Re: Freddie Mac Head Found Dead

Was he about to spill the beans?

[ILP]

Re: Freddie Mac Head Found Dead

lawd...you know how much suicide mi hear on di news dis mawnin.
gawd soon come fi im worl, im soon come.
aye sah.

[Yuriatin]

Re: Freddie Mac Head Found Dead

Yeer 'bout di one ah Maryland?

[Yuriatin]

Re: Freddie Mac Head Found Dead

<span style="font-weight: bold"><span style="font-size: 17pt">In Notes Left in Family's Killings, Md. Man Details Debts, Depression</span>
</span>
By Matt Zapotosky
Washington Post Staff Writer
Wednesday, April 22, 2009

The man <span style="color: #FF0000">who killed his wife and three young children and then himself in a tiny town in northwest Maryland last week was at least $460,000 in debt and owned a Florida house that was in foreclosure</span>, according to property records and police.

In one of six notes he left scattered about the rented house in Middletown, Christopher Wood, 34, described his financial hardships and his struggle with depression and anxiety -- factors that investigators believe contributed to the killings.

Frederick County Sheriff Charles Jenkins said that about half of the family's debt came from credit cards. The Woods were unable to sell the home in Jacksonville, Fla., and their mortgage was &quot;way beyond their capability to pay,&quot; he said.

Records show that the family bought the Florida home in 2005 <span style="color: #FF0000"><span style="text-decoration: underline"><span style="font-weight: bold">with virtually no money down</span></span>, taking on a $208,000 mortgage. The next year, the Woods took out a second mortgage for $108,000</span>.

The bank that holds the initial mortgage filed foreclosure papers in October, records show.

Still, Jenkins said, &quot;no one ever dreamed of anything like this.&quot;

At a news conference, authorities released more details about the killings, describing a scene more ghastly than what had been known since the bodies were discovered Saturday morning.

According to investigators, Francie Billotti-Wood, 33, and the couple's 5-year-old son, Chandler, were each shot twice in the head with a .25-caliber handgun. Chandler's younger brother, 4-year-old Gavin, was shot three times; daughter Fiona, 2, was shot once.

After they were shot, their throats were slashed almost to the point of decapitation, officials said. Wood killed himself with a shotgun.<span style="font-size: 8pt"> <span style="font-family: 'Verdana'"><span style="color: #000099"><span style="font-style: italic">(I mean - come on now)</span></span></span></span>

Wood, a youth soccer coach, was paid $97,000 as a sales accountant for CSX. His wife, who taught liturgy to children at their church, stopped working several years ago to be a stay-at-home mother.

Several experts said slayings of entire families by fathers and husbands are often associated with economic hardship. Some men get to the point where it becomes impossible to tell family members that they're going to lose the house or that the kids can't go to college, said Richard J. Gelles, dean of the University of Pennsylvania School of Social Policy and Practice and an expert on family violence.

&quot;If you have built your identity around that you're the breadwinner, you're the backbone, and that becomes unglued, it undermines your sense of self,&quot; Gelles said.

Jenkins said a babysitter stopped by the Woods' house about 9 a.m. Friday to confirm that she would be watching the kids that night while Wood and his wife went to a church event. Wood cancelled the babysitting engagement. Neither Chandler nor Gavin showed up at school that morning, officials said.

Investigators think Wood had killed his family by then, Jenkins said.

Billotti-Wood's father broke into the house on Washington Street early Saturday and discovered all five bodies, Jenkins said. The children were in their pajamas.

Wood left six separate notes, four individually addressed to his wife and children and one note apologizing to his mother, father and sister, Jenkins said. The sixth note, which Jenkins described as a suicide note, described the family's financial troubles, Wood's day-to-day stresses and his ongoing battle with depression, authorities said. In that note, Wood said that he was taking medications and that they were ineffective, Jenkins said.

Police seized antidepressants and anti-anxiety drugs from the house, Jenkins said. He said toxicology tests will reveal whether Wood was using the drugs. It was not clear yesterday whether Wood was seeing a psychiatrist, said Cpl. Jennifer Bailey, a spokeswoman for the sheriff's office.

The family moved to Middletown last summer after a brief stay in West Virginia, authorities said. Billotti-Wood was raised in Middletown, and, according to friends and postings on her blog, she was excited about being closer to friends and family.

&quot;I went to MD over Memorial Day weekend and miss it and my friends and family. I loved seeing my girl friends' children. I loved the idea of their kids all growing up together,&quot; Billotti-Wood wrote in a posting June 6, 2007. &quot;I want that for my children -- Okay enough boo hoo sob story for me. Chris says in about 3 years . . . For me to stop spending so much money and we can move So I guess I just have to be patient . . . I WANT TO GO NOW!&quot;

Billotti-Wood gave up working in 2006, according to a posting on her blog. At the time, she bemoaned the loss of income but said she was looking forward to spending more time with the children.

<span style="color: #FF0000">&quot;I have been working since about the age 16 up to three jobs at a time. I like to spend money so you need to work to spend money. Get it! Double edged Sword,&quot;</span> she wrote.

The parents of Wood and Billotti-Wood released a joint statement yesterday.

&quot;Chris and Francie shared a love for each other that was evident in their daily lives and interactions with others,&quot; the statement said. &quot;Their devotion to their children was apparent to anyone even modestly acquainted with the family. . . . We will always remember the sound of their laughter. And we rejoice in the knowledge that we will see them again someday when our Heavenly Father calls each of us home to his side.&quot;

[Gen]

Re: Freddie Mac Head Found Dead

was thinking of the 19 year old daughter and the younger one. pickney dem have dem whole life ahead a dem. wah mek him nevah juss kill awf himself and done


<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Yuri_</div><div class="ubbcode-body">Yeer 'bout di one ah Maryland? </div></div>

[LiteBlonde]

Re: Freddie Mac Head Found Dead

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">
The parents of Wood and Billotti-Wood released a joint statement yesterday.

&quot;...we rejoice in the knowledge that we will see them again someday when our Heavenly Father calls each of us home to his side.&quot; </div></div>

R they kiddin?

Called home uh? I guess some people believe what them want. *shrug*

[ILP]

Re: Freddie Mac Head Found Dead

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Yuri_</div><div class="ubbcode-body">Yeer 'bout di one ah Maryland? </div></div>

dem nu stop run it on di news.
di daughter attended one very expensive private college.
dem hah memorial fi har tiddey,

mi nu know man....all dese people ah kill demself.