Wednesday 13 May 2009

The manager "all american" suicidal

WASHINGTON - In the Virginia suburbs of Washington's most elegant rich, behind the walls of red brick and meadows far filed indicating to passers-the triumph of "happiness" real estate, is celebrated at 4 am, the ritual macabre and atoning for all Crac: the financier of suicide hung a rope in the basement, while upstairs the family sleeps.

There was yet, from the days of September when under the feet of the Bush opened the abyss of Finance lunatic, the ritual suicide of one of its players, as was David Kellermann, to 41 years, the CFO, the Chief Financial Officer, Treasurer of the company Freddie Mac, which more than any other had created the mortgage bubble poisoned with the guarantee of the government. And even that 60 billion of public money pumped into his veins is still able to heal.

Kellermann, face and very trivial "all American", of the son of the Midwest and what was the football player who dreamed of being the University of Michigan, was not a Bernie Madoff, the supermagliaro New York, and even a Kenny Lay, the pirate of the electricity that had built on blackmail and policy of friendship with the Texas band of Bush and Cheney with the castle of Enron who travolse until the sentencing to 60 years in prison and all'infarto fatal. And even on him we are the mysteries that still surround another famous hung, Guido Calvi, or the death of number two in the Enron, Cliff Baxter, who was killed just the day before his deposition before the magistrate.

David Kellermann was an obscure name, little more than a managerial capacity among the many who work in this monstrous society semigovernativa not compressed by the name of the acronym "Freddie Mac" and mandate that public purchases, warrants and then resells the loans real estate portfolios in the banks.

From his graduation in Michigan, famous for the amount of football players churning and post graduate courses in George Washington University in the capital, Kellermann was entered in 25 years in the belly of "Freddie" and had begun climbing from cubicle employee up to upper floors. Any careers, but only until 8 September 2008, when the mountain of debt secured, resold, repackaged, smoothies that his company found, controlling half of the portfolio of dumb Americans, was a mass of whipped cream . And the rating agencies, those who should verify and classify the strength of a "corporation" before, not after the disaster, lowering the voting of the "Freddie Mac" dall'A1, meaning solidity of excellence, to B3, little more than garbage.

It was then that the Bush administration, Boccheggiano in the sinking of Finance would have devoured that the Bear Stearns, the Lehman Brothers, the Merrill Lynch and led the big banks like Citigroup and Bank of America one step from bankruptcy, the two companies decapita more exposed, and more responsible of the "boom and bust" property, the "Fannie Mae" and "Freddie Mac", which from their task of ensuring we were processed, with the complicity of the richly lubricated without distinction of party names and , the maximum speculators gambling on the beam carrier of national life: the house. Kellermann was shot in the second seat, in fact the most important, the office of treasurer and financial officer. He was put in hand a check for 60 billion dollars signed by the government with a mandate to stop, then restart and clean up the company without which the entire blood flow of credit s'infarta.

Eight months later, no one, not in Parliament, not the Federal Reserve, the Treasury does not know yet if this heart of the U.S. credit movement is to beat back. I do not know, or maybe he knew it, David Kellermann, who had to hire a team of bodyguards to encircle her red brick house in Virginia to defend itself by borrowing from the bus landed inferociti offering the "tour" of bancarottieri as a Hollywood tour of the villas of the star. Throwing stones at windows to ask beautiful account of the bonuses, bonuses paid to him by the company, 800 thousand dollars this year, a total of 210 million distributed with taxpayers' money driven residential attached for arrears, and that "Freddie" and " Fannie, which he had to defend.

In her spare time, because even in tragedy lies always a grain of irony, Kellermann was among the promoters of the "Campaign for the homeless."

At headquarters, a kind of castle style "post Versailles" on a central avenue in Washington, in the district famous for the beautiful decorations at Christmas lights, is now used to say the obvious, which was depressed Kellermann, who was under psychiatric care that the fatigue, the pressure and anxiety for a commitment too great - saved only by the national real estate always suffocation - were crushing him, and now, while the black van, the "coroner" of Fairfax County, in Virginia, office on his massive body into the bag of black waxed with flash used for the soldiers, it's easy to make the diagnosis.

David Kellermann is another, so far as known, falls into this war of words abstruse as derivatives, hedge, credit swaps, securitization, which killed as bullets or bombs in the street. In the same hours as the treasurer of safe background passava the noose around the neck in the cellar of the big house where his wife slept, and his daughter, just minutes from him, Christopher Wood, a man all of 34 years, in a house more Small, wrote his suicide note, explaining that they did not do more to pay the installments of that loan of 460 thousand dollars that the bank would never have had to give, but that the company had secured Kellermann. He killed his wife, the children of 5.4 to 2 years and then himself. He, his family, as the treasurer of "Freddie" killed by the same dream becomes a nightmare when the house.

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