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-- fifteen Justice Department had been investigating Freddie Mac over questions of accounting disclosure and corporate governance.
The company's annual recent SEC filing published reports indicate that the Kellerman.
As Bellini just mentioned was not a target of the probe but was someone.
Investigators did intend to question whether or not this question before that attempted suicide that is unknown -- suicide was the fifth.
By high profile executive in the past five months.
But a closer look at the stress facing executives in companies under fire and joined by Zachary Goldfarb is a financial reporter with the Washington Post.
Who interviewed -- -- -- colleagues from as a piece in today's Washington Post and Robert price is author of high trains greed ego and the death.
Of Enron and managing editor.
An energy tribute to good morning gentlemen thank you for being here is that when -- start with you.
What new information can you give us this morning.
About what role David Keller -- may have played and some of those accounting irregularities that date back to 2007.
column and its name didn't appear in any of the reports there were a number of reports about those accounting scandals.
And his name appear didn't appear in any of them so as far as we know right now he did didn't play any role in the accounting scandals dating back to 2003.
He was really have -- -- little mileage from our middle manager at that -- get his attention that Freddie Mac over the past few years came in reforming of the company's internal controls and accounting systems.
Which they were required to do in their settlement with the SEC.
So in fact what is it that.
I guess people believe this morning could have led to his decision to in fact taken lot.
Well of course we don't know we do know as your reporter mentioned.
That he had been under enormous stress in the past.
A couple of months member of the government seized Freddie Mac.
Last September when the company with losing billions and billions of dollars.
And he is now back to wrestle with the regulator with a shareholder with a ball with the with the internal -- have Freddie Mac with investors.
And in the ever growing list that has a long time Freddie Mac employee for sixteen years he was called on to handle many of the companies.
Activities and he'd just been Freddie Mac CEO for a couple of weeks.
When you know lots of -- and -- months when he took his own life so.
He just had been under enormous stress and earnings from different areas but we don't know of course what the actual -- -- laws.
Email rob Byrd I understand that this summer this is gonna -- eerily familiar to a case that you call -- -- very very closely now was the Enron case.
What is headed out the intense pressure and scrutiny and particularly this case.
The vilification of some of these leaders that leads to these really sad and horrific stories.
Well and in the Enron case it was Cliff Baxter who had left the company and in May of 2001.
The company failed in December.
And then he took his own life in January of 2002.
-- shot himself in -- Mercedes and Sugar Land, Texas so.
Class -- Baxter was somewhat different case than Kellerman and that he had left the company.
But Baxter sold more than thirty or 34 million dollars in Enron stock.
In the three years your show before the company failed.
In addition he had been sued personally.
This senate was investigating the case and had asked him for documents he was being asked to testify.
And so he was under intense scrutiny.
And in -- and in a number from a number of different fronts he was also close to Jeff Skilling and knew that he was likely going to be called on to testify in any cases against skilling or against.
Potentially himself for other employees show there was the Baxter case and then later in 2006.
Or actually back in 2002 a company that was similar to Enron had similar problems did not fail was -- -- I was El Paso Corp.
Charles rice El Paso corporation's treasurer took his own life also -- -- to -- And then in 2006.
Ken lay died.
Under circumstances that some people suggest.
In may have been not necessarily suicide but in my case where he had -- Ask him some medication right exactly exactly leave the follow up with you here I'm sure investigators are doing a lot of homework today.
What does this situation stand as we know at this hour particularly inside the doors of Freddie Mac what are they saying in there.
Well inside Freddie Mac they're really in a period period of mourning.
Four -- their lost colleague.
The -- -- universal praise for on the department although you know widely people say that he was under a lot of stress and the recent -- that particular he thought a lot of pressure from the various interest are calling for his time.
People -- Freddie Mac have had a very difficult for years overall starting with the accounting struggle you mentioned who then the government take over.
Recently lawmakers demanded that retention payments are bonuses being paid to Freddie Mac employees and approved by the garment.
Be taken back so.
And also this they're feeling that they were taken over by the -- and now being called to implement a housing recovery plan for the benefit of the public and I -- not you know not -- -- bottom line so.
They feel very torn -- and very upset by this is the most personal.
Try -- you know in a series of setbacks for the company.
Yeah it's a place.
It it is such an -- a difficult story Zachary and Robert I want to thank you guys very much and of course.
All this vilification and doesn't add to what we have to wonder whether or not leaning too much of anyone employees are groups.
Could actually be leading -- to some these tragic story gentlemen thank you very much appreciate you taking.
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