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Wednesday, April 22, 2009

The CFO of Freddie Mac Was Found Dead This Morning

Posted by on Wed, Apr 22, 2009 at 7:56 AM

He apparently hanged himself.

 

Comments (17) RSS

Oldest First Unregistered On Registered On Add a comment
1
and the conspiracy theories start in 5. 4. 3. 2. 1...
Posted by apres_moi on April 22, 2009 at 8:13 AM
2
So, a while back I told folks who said "we should lock these felons up" that I figured it would only be a matter of time before the pressure of having so many angry people threatening them would bear out, no need for jail.

Being right feels wrong.

At first there were a few officials who said "alright, well, we'll take paycuts" and then it was firings, and now they're hanging themselves. If you're visiting lower manhattan, I'd suggest a sturdy umbrella.
Posted by Baconcat on April 22, 2009 at 8:15 AM
3
No conspiracy needed. Whether he was silenced or succomed to a guilty conscience the real story is WHAT'S OBAMA'S DOG'S FAVORITE FOOD?
Posted by fag on April 22, 2009 at 8:38 AM
4
It's sad that he choose that way out, the cowerdly way out for sure. He would probably have not even gone to jail or been in there for like 10 years. At least he saved us the money of prosecuting him and keeping him in jail while his attorny's would have filed appeal after appeal.
Posted by Original Monique on April 22, 2009 at 8:56 AM
5
Normally, suicide is a tragedy. In this case, perhaps it was the honorable thing to do.
Posted by Mahtli69 on April 22, 2009 at 9:00 AM
6
@5 I respectfully disagree. I've never found suicide honorable. If this guy was responsible for something, suck it up and take it. You don't get to be a goddamn puss about the pain and go all Elliot Smith on your family or whatever loved ones you may have in your life. Now they're the ones left with his demons and nobody is better off.
Posted by JF on April 22, 2009 at 9:08 AM
7
Mahtli69 @5 - it's not honorable when you have a little daughter.
Posted by grammarazzi on April 22, 2009 at 9:08 AM
8
David Kellermann is dead
Posted by ...and I ain't feelin' so good myself on April 22, 2009 at 9:14 AM
9
Reading right wing blogs is never a good idea. The credit default swap meltdown was not caused by Jimmy Carter's Community Redevelopment Act. Banks made 30% or less of the subprime and Alt-A mortgages.

FREDDIE MAC IS NOT THE ENEMY; JP MORGAN IS.
Posted by Paranoia Will Destroya on April 22, 2009 at 9:21 AM
10
I'm with 4 and 6 on this one. What a fucking coward.
Posted by Hernandez on April 22, 2009 at 9:25 AM
11
@6,7 - When I read stories about seppuku, the ritual suicide by disembowelment, it is fascinating, but not necessarily tragic. The most famous instance of this is probably the ritual suicide of General Nogi and his wife after the death of Japanese Emperor Meiji in 1912. In that instance (and culture), to not commit suicide would be a dishonorable and regretful act.

However, when I hear about people who suffer from depression and impulsively kill themselves, then it is certainly tragic.

Which case does this one most resemble? I say the former.
Posted by Mahtli69 on April 22, 2009 at 9:34 AM
12
What was he charged with?
Posted by Baconcat on April 22, 2009 at 9:35 AM
13
Mahtli69 @5

Sorry, I can't really see this from the perspective of a Japanese General in 1912. I guess I must be provincial that way. :)

In MY cultural context there is NO honorable way to abandon your family.
Posted by justSad on April 22, 2009 at 9:44 AM
14
@13 - There's not much honor in saying, "My dad is in jail".

Frankly, I think the world would be a better place if more CEO's offed themselves.
Posted by Mahtli69 on April 22, 2009 at 10:12 AM
15
I kinda like the role John Perkins took after all the things he did, he went into hiding for a number of years writing a couple books. He said he one biggest regret has been keeping his secret for so long. By killing yourself, quite possibly the most dishonorable thing you can do, you mask the truth. If what you did was so horrible follow John's example, run away until it's safe to come back. This guy's supposed to have a ton of money, no excuses.
Posted by Chris on April 22, 2009 at 10:35 AM
16
If you're a worthless creep who fucked up really really bad, why is there more honor in continuing to take up space in the world as opposed to killing yourself? If your idea of "success" is moving abstract piles of money around and around in such a way that you get richer (while not actually producing anything of value) and then when you fail you fuck things up for EVERYONE ELSE, maybe the world is better off without you. Disclaimer: I don't know if this Fannie Mae guy was a worthless creep. But I hope his suicide is the beginning of a trend.
Posted by john t on April 22, 2009 at 10:59 AM
17
I saw Dick Cheney sneaking out of the CFO's basement on the webcam across the street.
Posted by Will in Seattle on April 22, 2009 at 11:26 AM

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