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Archive for the ‘Bernard Madoff’ Category

Freddie Mac finance chief found dead

Posted by msrb on April 22, 2009

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David Kellermann Bites the Dust

David Kellermann, the acting chief financial officer of Freddie Mac (the troubled US mortgage giant), was reportedly found dead in his upmarket Virginia home.

David Kellermann. Source and date of image not specified by sender. Image may be subject to copyright.

The body of Kellermann, 41, was discovered before dawn in his home in Vienna, Fairfax County, Virginia (his palatial home at Hunter Mill Estates home is 13 miles  west of Washington DC. ), police said. They did not elaborate on the cause of death.

However, CNN said it had confirmed he had killed himself. It’s not known where they got their information from because police did not provide any details (the result of the forensics test take a few days). And given that CNN is one of the least trustworthy “news” networks in the world, independent confirmation of cause of death should be sought.

Freddie Mac, whose full name is the Federal Home Loan Mortgage Corporation, is one of the two major US home loan corporations that were  effectively taken over by the government in  September after massive financial irregularities were discovered. Freddic Mac owns or guarantees about 13 million home loans.

Before his promotion, Kellerman worked as senior vice president, corporate controller and principal accounting officer. He joined Freddie Mac in 1992.

He became acting chief financial officer in September 2008  after Anthony “Buddy” Piszel resigned from the position. Freddie Mac’s CEO David Moffett resigned in March 2009. [Perhaps he, too,  should make a similar consideration.]

Any relationship, or association between the deceased and Bernard Lawrence “Bernie” Madoff would be purely coincidental.

The big question is, why would he commit suicide, Madoff didn’t!

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Cost of Your Upkeep: Your Freedom, Your Rights and Your Money

Posted by msrb on January 14, 2009

Neo-Slavery is Alive and Well

Handling your ‘new’ freedoms and money the old-fashion way!

Thought for the Day: Taking away your freedoms and your money to provide security and employment

The so-called Department of Homeland Security [sic] and the Federal Reserve System [sic] operate within an identical discourse structure:

Homeland Security says to guarantee your physical safety, they must take away all of your constitutional rights.

Michael Baruch Chertoff, United States Secretary of Homeland Security.

Federal Reserve says to guarantee your job they must take away all of your [and your children’s] money to bailout the banks.

Ben [NOT Benjamin] Shalom Bernanke, chairman of the Board of Governors, The Federal Reserve Board, USA.

However, neither of the two organizations tells you that if ordinary people operated and supervised cooperative banks on local, state and national levels [remember, its all of your money] not only more jobs and a sustainable economy could be created, but gangsters like Maddoff et al would go out of business. And both the Department of Homeland Security and Federal Reserve would become obsolete.

Bankster Bernie [before he went to jail]: Hey, I’m one of them. Your money is safe with me. If you can’t trust us, who can you trust?

Bernard Lawrence Madoff (Bankster Bernie), former chairman of the NASDAQ stock exchange. Photo: AP. Image may be subject to copyright.

He founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960 and was its chairman until December 11, 2008, when he was charged with perpetrating what may be the largest investor fraud ever committed. He is free under house arrest until his indictment with a deadline of February 11, 2009. [Wikipedia]

Could it be that the parasitic triumvirate grow on the same tree? Would that surprise you?

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Posted in bank bailout, Bernard Madoff, cooperative banks, creating jobs, employment data | Tagged: , , , , | 13 Comments »