Thursday, April 23, 2009

Freddie Mac CFO hangs himself or so says Fairfax Police


Freddie Mac CFO hangs himself or so says Fairfax Police...

Tel Aviv Jane Steps in her Own Fewmets

Chinese mop-up crew? NO....

http://www.whatdoesitmean.com/index1226.htm

Federal Home Loan Mortgage Corporation (Freddie Mac) chief financial officer David B. Kellermann, 41, was found dead at his home in the early morning hours of April 22. Fairfax County Police immediately said there was no sign of foul play in what was termed an "apparent suicide," even before an autopsy was conducted and a thorough crime scene investigation of Kellermann's home and Freddie Mac office was completed. There were no police reports about a suicide note being found.

Kellermann's body was found by his wife Donna in the basement of his home at 1709 Raleigh Hill Road in the Hunter Mill Estates subdivision of Vienna, Virginia. Mrs. Kellermann phoned the Fairfax County police at 4:48 am. The house is located near the Dulles Airport Access Highway. Kellermann worked at Freddie Mac's headquarters in nearby McLean, Virginia.

Kellermann worked for Freddie Mac for 16 years, as a vice president and senior controller, accounting officer, and mortgage analyst. He assumed the duties of CFO in September 2008. Kellermann took over the CFO duties from Anthony "Buddy" Piszel who resigned with other Freddie Mac officers after the government assumed direct control of the corporation amid charges that Freddie Mac's mismanagement contributed to the mortgage meltdown.

Freddie Mac's government-appointed CEO, David Moffett, to whom Kellermann reported directly, resigned in March after only six months in the job, and was succeeded as non-executive chairman by John Koskinen, who was appointed by the Federal Housing Finance Agency, the federal oversight authority for both Freddie Mac and Fannie Mae. It was not known whether Moffett quit or was fired by the federal government overseers. Before taking the CEO job at Freddie Mac, Moffett had been a senior adviser to The Carlyle Group and prior to that CFO of US Bancorp.

At Carlyle, Moffett worked with Olivier Sarkozy, the half-brother of the French president, who had previously worked for UBS, and John Redett, who worked with Sarkozy at Credit Suisse First Boston.

Freddie Mac and its sister organization Fannie Mae once controlled half of America's $12 trillion mortgage industry. In 2008, Freddie Mac lost over $50 billion. Kellermann, as a former controller and auditor would have had intimate knowledge of Freddie Mac's business practices and what happened to not only the $50 billion but also the fate of over $13 billion in federal bailout money received in 2008. Kellermann would have also known all the designated recipients of over $210 million in bonuses being paid this year and in 2010 as incentives to Freddie Mac executives. Kellermann was slated to receive an $850,000 bonus. Executive Vice President Michael Perlman was scheduled to receive a bonus of $1.5 million.

Kellermann was well-liked by his neighbors and co-workers. Although the FBI has been investigating Freddie Mac, the Associated Press reported that Kellermann was not a target. There is a strong possibility that Kellermann was assisting the FBI and federal prosecutors in their investigation of the company, which makes his alleged "suicide" suspicious. Kellermann was Freddie Mac's acting CFO and the company was reportedly searching for a permanent replacement.

At Freddie Mac's annual investor/analyst conference held on March 12, 2008, the first held in eight years, Kellermann tempered the enthusiasm of some other corporate officials by stressing the firm's adjusted operating income (AOI), including all realized gains and losses, and compliance with Generally Accepted Accounting Principles (GAAP). Kellermann told the investors and analysts, "I will focus primarily on GAAP, but a lot of the guidance that I give you would also apply to adjusted operating income. So first, on our GAAP mark-to-market exposure which killed us in 2007, we should be -- they should be a lot less harmful in 2008." As it turned out, Freddie Mac saw a worse "killing" in 2008.

Kellermann would have also been aware of the accounting "tricks" that Freddie Mac's board of directors came up with and implemented to make the firm look more profitable than it was in order to increase bonuses for Freddie's top executives. One of those directors was Rahm Emanuel, President Obama's Chief of Staff, who was appointed to Freddie's board in 2000 by President Clinton...

Although there is a strong White House link to Freddie Mac through Emanuel's previous role in the firm, Obama's Press Secretary Robert Gibbs was evasive in the first question he received from the White House press corps yesterday on Air Force One, en route to Newton, Iowa:

Q Is the President aware of David Kellermann, and has he -- what are his thoughts on that?

MR. GIBBS: I'm sorry?

Q Is the President aware of David Kellermann's apparent suicide, and his thoughts on that.

MR. GIBBS: I haven’t talked to him about that. I would just say that -- I don't have any comment on it as the police look into the matter.

Buddy Piszel, the CFO and Kellermann's boss, told the conference: "So, where do we stand on capital? Well, for starters, on January 2, after adopting the fair value option, our capital stood at approximately $39 billion with an estimated surplus over the 30% of $4.5 billion. I might add that this is twice the surplus we had over the 30% starting out in '07 and it is about $12.4 billion over the minimum capital requirement." In fact, Piszel was far off base. Freddie Mac lost over $50 billion in 2008.

Patti Cook, Freddie's Chief Business Officer, told the conference, "Freddie Mac's market share in our three business lines has improved and should remain strong for the foreseeable future." Six months later, Freddie Mac would financially collapse.

Described as a good family man by his neighbors, there is also no explicable reason why Kellermann would have put his wife and 5-year old daughter Grace through the trauma of finding his body hanging in the basement....

Rahm Emanuel, Cheney, McConnell, Bushco.,Soros/CIA/MI6, Mukasey, RUIM, Abramoff,Gonzales, AIPAC, Libby, all are criminals, with criminal minds...guided by the threesome of killers, CIA2/MOSSAD/MI6...

Didn't Cheney have his own hit...squad? Would he have used it on the DC Madame, Deborah Jeanne Palfrey, to hide his sexpionage where they had the goods on him?

Did they kill reporters like Tim Russert and Peter Jennings with lasers and microwaves to create heart attacks and cancer? Did the head of the financial committee in Congress fall and die right before being able to expose this financial robber before the election?

Did Rumsfeld go along with Cheney/CIA-Israel's MOSSAD/9-11 created false flag because the pentagram of death was missing 3.2 trillion dollars and it was announced September 10th?

What exactly does Israel know about Obama that makes him have to have Rahm FREDDIE MAC Emanuel/MOSSAD be his watcher and controller?
Because Obongo's mother is Jewish, and he is totally controlled by MOSSAD/CIA geeks....

Extract....

Crisis as a Means to Building a Global Totalitarian State: The world is being led to accept the “new order” idea step by step to avoid provoking events that are likely to make the universal protests against the worsening conditions of human existence take ‘a wrong course’ and become uncontrolled. The main thing that Stage One managed to achieve was to start a wide-ranging discussion on ‘global government’ and the ‘inadmissibility of protectionism’ with an emphasis on the ‘hopelessness’ of the national-state models for emerging from the crisis.

This discussion is proceeding against the background of information pressures that help to build up human anxieties, fear, and uncertainty. Some of those information actions are the following: WTO forecasts to the effect that 1.4 billion people are likely to sink below the poverty line in 2009; a warning by the WTO director general that the biggest world trade slide in postwar history is in the offing; a statement by the IMF’s Dominique Strauss-Kohn (a protégé of Sarkozy’s) that a world economic crash is impending unless a large-scale reform of the financial sector of the world economy is implemented, and a crash that is most likely to bring in its wake not only social unrest but also a war.

Against this background, the idea to introduce a common world currency as a cornerstone of the ‘new world order’ was put forward. The real masterminds of this long-standing project are as yet in the shadow. Let us note that some or other representatives of Russia are pushed to the fore. This is reminiscent of the situation before World War I, where the Anglo-French circles that possessed some well-elaborated plans for a new division of the world instructed the Russian Foreign Minister to draw up a general program for the Entente Cordiale. It went down in history as the ‘Sazonov program’, even though Russia did not play an independent role in that war and was from the start built into the system of interests of the British financial elite.

The G20 did not discuss the common world currency issue, since time had not yet come for that. The summit itself was a step forward on the way to chaos, because its decisions, if followed blindly, will only worsen the world socioeconomic situation and, to quote Lyndon LaRouche, will “finish off the patient.”

With Obama’s coming to power, the police order in America is getting tighter and tighter in two directions – strengthening internal security and militarization of civilian institutions. Tellingly, having condemned the infringements on individual freedoms done by the Bush administration, Obama has put his own staff under total control by making them fill out a 63-question form that touches upon the most intricate details of their private lives. In January, the US President signed bills that enable the continuation of the illegal practice of abducting people, keeping them secretly in prisons, and moving them to countries where tortures are used. He also proposed a bill called National Emergency Help Center Establishment Act, which stipulates the establishment of six such centers in US military bases to provide help to people who are displaced due to an emergency situation or disaster and thus get into military jurisdiction. Analysts connect this bill with possible disturbances and consider it proof that the US administration is preparing for a military conflict which may follow after the provocation that is being planned.

The American system of police control is actively implemented in other countries, primarily in Europe – through the establishment of American law hegemony on its territory by means of closing various agreements. A big part here was played by US–European talks out of the glare of publicity on creation of the common ‘area of control over the population’ that were held in spring 2008, when the European Parliament adopted resolution that ratified creation of the single transatlantic market abolishing all barriers to trade and investments by 2015. The talks resulted in the classified report prepared by the experts from six participating countries. This report described the project to create the ‘area of cooperation’ in the spheres of ‘freedom, safety and justice’....


http://video.google.com/videoplay?docid=7962177654078058992


Freddie Mac CEO who abruptly left firm last month returns after suicide of CFO...

The political intrigue at the troubled Freddie Mac mortgage finance firm has taken a strange turn with the re-hiring of the former government-appointed CEO David Moffett as a consultant following the April 22 suicide of the company's chief financial officer David Kellermann in his Vienna, Virginia home.

Moffett is reportedly overseeing the firm's finances in the wake of Kellermann's death.

On April 23, We reported: "Freddie Mac's government-appointed CEO, David Moffett, to whom Kellermann reported directly, resigned in March after only six months in the job, and was succeeded as non-executive chairman by John Koskinen, who was appointed by the Federal Housing Finance Agency, the federal oversight authority for both Freddie Mac and Fannie Mae. It was not known whether Moffett quit or was fired by the federal government overseers. Before taking the CEO job at Freddie Mac, Moffett had been a senior adviser to The Carlyle Group and prior to that CFO of US Bancorp. At Carlyle, Moffett worked with Olivier Sarkozy, the half-brother of the French president, who had previously worked for UBS, and John Redett, who worked with Sarkozy at Credit Suisse First Boston."

Moffett apparently resigned after disagreeing with Federal Housing Finance Agency regulators over governmental oversight. Kellermann, on the other hand, was reportedly working closely with federal regulators, as well as Securities and Exchange Commission (SEC) investigators and FBI and Justice Department law enforcement officials in an investigation of Freddie Mac. At no time was Kellermann a subject of the federal investigation. Kellermann was in the midst of preparing Freddie Mac's first quarter financial report at the time of his suicide....

1 comment:

  1. It is definitely sad that anyone might kill themselves over a loss of money

    ReplyDelete