Freddie Mac’s Acting CFO Found Dead: Yet another can of Not Good opened up

According to various news sources and this from the Wall Street Journal:

“The acting chief financial officer of Freddie Mac, David Kellermann, was found dead at his suburban Washington home early Wednesday… Mr. Kellermann’s wife told local police he committed suicide, local television station WUSA reported, citing sheriff’s deputies in Northern Virginia’s Fairfax County… Mr. Kellermann became Freddie’s acting finance chief in September, succeeding Anthony S. Piszel amid a broader overhaul of top management. He had previously been the company’s controller and principal accounting officer… Securities and Exchange Commission and Justice Department have been questioning officials of Freddie Mac about possible accounting violations and other matters in recent months, the company disclosed in March.”

I don’t know about anyone else, but this smells awfully bad for Freddie, and for all of us if it turns out that things over there are worse than expected.