Freddie Mac acting CFO found dead
Unfortunately, it doesn’t sound like the economy is going to get better anytime soon. Today it was announced that the world economy is projected to contract by 1.3 per cent this year, which makes this the most severe recession since World War II. (Source: CBC)
It was also revealed today that the Chief Financial Officer of Freddie Mac Corporation, a federal home loan mortgage corporation, has apparently committed suicide amidst government investigation of the company:
The acting chief financial officer of Freddie Mac was found dead at his home Wednesday morning in an apparent suicide. David Kellermann was named acting CFO in late September, three weeks after the government took control of Freddie. He was previously senior vice president and corporate controller at the firm.
His death comes as staff from the Securities and Exchange Commission and Justice Department have been probing the finance company about issues including possible accounting violations. (Source: MarketWatch)
If you’re struggling with feelings of hopelessness during these times of financial instability, please check out an article by guest author Rusty Wright, “Starting Over: Facing the Future after Significant Loss“. Or if you just feel like you need someone to talk to, you can contact an online mentor, it’s free and confidential.