This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/world/americas/8012527.stm
The article has changed 8 times. There is an RSS feed of changes available.
| Version 4 | Version 5 |
|---|---|
| US Freddie Mac chief found dead | US Freddie Mac chief found dead |
| (about 1 hour later) | |
| The acting chief financial officer of struggling US mortgage giant Freddie Mac has been found dead, police say. | The acting chief financial officer of struggling US mortgage giant Freddie Mac has been found dead, 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. | 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 been Freddie Mac's chief financial officer since September, having worked for the company for 16 years. | The 41-year-old had been Freddie Mac's chief financial officer since September, having worked for the company for 16 years. |
| Police did not confirm reports that he had killed himself. | |
| They were investigating the death after being called to the house just before 0500 local time by Mr Kellermann's wife. | They were investigating the death after being called to the house just before 0500 local time by Mr Kellermann's wife. |
| Freddie Mac's interim chief executive John Koskinen said the death was a "terrible personal tragedy." | 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. | "David was a friend to many in the Freddie Mac family, and we mourn his passing," he added. |
| Mr Kellermann's job included responsibilities for the company's financial controls, financial reporting and tax. | Mr Kellermann's job included responsibilities for the company's financial controls, financial reporting and tax. |
| Massive losses | Massive losses |
| He also oversaw the company's annual budgeting and financial planning processes, according to his company biography. | He also oversaw the company's annual budgeting and financial planning processes, according to his company biography. |
| Freddie Mac and sister company Fannie Mae underwrite more than half of all US mortgages. | Freddie Mac and sister company Fannie Mae underwrite more than half of all US mortgages. |
| The death is the latest blow for Freddie Mac, after chief executive officer David Moffett resigned last month after just six months in the job. | The death is the latest blow for Freddie Mac, after chief executive officer David Moffett resigned last month after just six months in the job. |
| In March Freddie Mac revealed a loss of $50.1bn (£36.1bn) for 2008, and said it planned to ask the US government for another $31bn of aid. | In March Freddie Mac revealed a loss of $50.1bn (£36.1bn) for 2008, and said it planned to ask the US government for another $31bn of aid. |
| The company received $13.8bn in federal aid last year. | The company received $13.8bn in federal aid last year. |