Freddie Mac

Institutional Complicity: Parallels to Wall Street Corruption

With the accumulated body of scientifically vetted evidence pointing squarely at the reality of incendiary and explosive devices in the WTC complex, apologists for the official theory have forcefully resorted to the absence of (acceptable) whistle-blowers as a reason to dismiss the calls for a new investigation. And it must at least give one pause. Why haven't more people come forward with explicit details?

We may find insight into that question by taking a closer look at the intricate web of deals that allowed the most massive defrauding of the public in recorded history. The specifics are complicated, but a synopsis is useful:

Mortgage companies like Countrywide and Freddie & Fannie, with financing from a handful of household names of the banking world, sold adjustable rate (subprime) mortgages to millions of Americans who previously didn't even come close to qualifying for a home loan.

Freddie Mac chief found dead of apparent suicide

The acting chief financial officer of struggling US mortgage giant Freddie Mac has been found dead after apparently killing himself, police say.

Fairfax County Police said there was no foul play suspected in the death of David Kellermann, found in his home 20km (13 miles) west of Washington DC.

The 41-year-old had worked for the company for 16 years and became chief financial officer in September.

Freddie Mac was bailed out by the US government last year.

Police were investigating the death after being called to the house just before 0500 local time by Mr Kellermann's wife.

"We were called from inside the house to come investigate an apparent suicide," a Fairfax police spokeswoman told local media, according to AFP news agency.

US media reports said Mr Kellermann was found hanging in the basement of the house.

Freddie Mac's interim chief executive John Koskinen said the death was a "terrible personal tragedy."

"David was a friend to many in the Freddie Mac family, and we mourn his passing," he added.