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The problems of Freddie Mac in the US were increased Wednesday with news that David Kellermann, age 41 and a 16-year employee of the beleageured US mortgage finance company, appears to have committed suicide at his family home near Washington DC. He was named acting finance director in September 2008. The company was put under the rule of government regulators following the start of the sub-prime crisis in the US, and in March 2009 CEO David Moffett, appointed by the government, left after only six months. Bloomberg, Financial Times

Posted by Ellen Wallace on 23 April 2009 at 10:41 | permalink
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News story, GenevaLunch, 23 April 2009.

Filed under: World news

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