The madness isn’t over, yet. There are so many people affected by the economic downturn and all its’ repercussions that terrible news comes out, everyday in some way.
David Kellerman,41, Chief Financial Officer, of Freddie Mac, killed himself by hanging, early this morning in his home. Mr. Kellerman was a new man on the job, replacing the former CFO when the Federal Government nationalized Freddie Mac.
Freddie Mac is the name of the Federal Home Loan Mortgage Corporation. Friends said that Mr. Kellerman was staggering under the strain of the job. New requirements imposed by the government and all the pressures of the new regulations were very stressful.
Tim Geitner, Secretary of the Treasury expressed his sadness at hearing the news as do we all.