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CFO of Freddie Mac hangs himself (sign of times?)

Discussion in 'Members' Lounge' started by Domi31, Apr 22, 2009.

  1. Domi31

    Domi31 Member

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  2. Briansol

    Briansol Admins Admin VIP

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    hahaha nice.

    now, if only everyone in charge at GM would do the same thing....
     
  3. awptickes

    awptickes unimpressed by you VIP

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    No, because then UAW would take over. Then we'd all be really fucked.
     
  4. Taco15

    Taco15 I wear stretchy pants VIP

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    all isee is a bunch of people talking good about him. surely he hung himself for something other than being an inspiring and awesome guy.

    he was hiding something bad and was to big of a pussy to admit it. so he hung himeself. thats what the article should focus on saying......pshhh
     
  5. CRX-YEM

    CRX-YEM Super Moderator Moderator VIP

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    Same thing the CEO of Eron did, do we see a pattern here??
     
  6. Drake

    Drake Well-Known Member VIP

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    Did? Or had done to? :ph34r:
     
  7. Briansol

    Briansol Admins Admin VIP

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    don't be a CEO and make 500 million a year only to off yourself?

    or is this the moral of "money doesn't buy happiness"

    i'll tell ya, if i made 500 mill for one year, i'd stop working and be a happy man for the rest of my life.
     
  8. Drake

    Drake Well-Known Member VIP

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    The problem is that a lot of these dudes define themselves by their work. Most of us here work to live these guys all live to work. There perception by their partners, employees and other leaders of industry is all that matters. This guy was held to a very high esteem and maybe he thought that the SEC investigation was going to take it all way. I mean look at what they did to the AIG execs.
     
  9. Korax

    Korax New Member

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    I'd rather kill myself than go to prison for the sins of the government. I'm sure he felt the same way. How much of Fannie and Freddie demise was actually his fault? The CEO of a gov't run company is nothing but a patsy. It was the fault of bleeding hearts and wanting to give every dumb, ignorant, piece of non producing scum a home.
     
  10. jamesA

    jamesA Well known pissed off telephone guy VIP

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    When i saw the article in the paper, this was my reaction.
     
  11. Drake

    Drake Well-Known Member VIP

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    Fannie and Freddie screwed up a long time ago. They where screwing up well before Obama or Bush for that matter. Perhaps this wouldn't have happened if we would have allowed them to fail in the first place.
     
  12. D16Civic

    D16Civic Matt

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    This guy was just put into the position after they forced the last guy out. Started off as an analyst/auditor when he was 25. From what I read, he is not/was not a target of any investigation. Sounds like with all the Treasury people overseeing everything maybe the stress just got to him. He just received a $180000 retention bonus and was in line for another 670000. He had a nice house, but not anything overly extravagant. Not trying to say he was a saint or anything, but nobody will ever know the truth I suppose. I don't know how people do that in their own home when the wife and 4/5 year old daughter are home. Pretty cowardly.
     
  13. Taco15

    Taco15 I wear stretchy pants VIP

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    If you havent done anything wrong you have nothing to hide. If this guy hung himself its pretty obvious he was hiding something big. I hoonestly hope this trend keeps up. pretty sure we might have some people in the white house doing it too. :gasp:

    i also feel a little better knowing that part of our government IS shortening the lease on some companies. i dont think i could sleep at night knowing i'm making a rediculous salary with bailout money and the economy in the gutter.
     
  14. D16Civic

    D16Civic Matt

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    Well then you won't mind it when the gov't goes to UPS (I think?) and tells them every employee is taking a (insert %) pay cut. That's the problem with "gov't regulation".
     
  15. reckedracing

    reckedracing TTIWWOP VIP

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    I'd put money on this not being a suicide.
    Same with Enron's CEO.

    If you have money you don't need to hang yourself.
    You can do the ledger.
     
  16. Taco15

    Taco15 I wear stretchy pants VIP

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    no i dont. I've had to take a pay cut. if you dont like it go try your luck in finding another job somewhere else. You cant expect everything to continue to flow the same while the rest of the us suffers.

    it sucks yes. is it always right? No. our public schools here in tally are suffering BIG budget cuts. hell FAMU college (shit hole) had to cut there office hours to 4 days a week! FSU has had to cut programs as well.

    but at the same time a nearby hotel in the middle of renovation just got millions of dollars to install ECO-FRIENDLY and energy efficient shit in there.

    by no means is it right to regulate but if i can live off of lets say $15 and i make $20 an hour then hell yeah i'm gonna take a pay cut! I still make enough to pay my bills AND have a job.
     
  17. Taco15

    Taco15 I wear stretchy pants VIP

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    pretty much what i'm wanting to say is that it is good to regulate when the priorities are obvious.

    money for schools - yes
    money for remodeling - no
     
  18. D16Civic

    D16Civic Matt

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    You didn't take a pay cut because the government demanded it. I've been in the same position as you, and I did take a pay cut as well, but it came from the company, not Uncle Sam.

    When the president can fire the CEO of a multi-national corporation, it's a problem, whether it was needed or not.

    I have no problem with priorities either, if they were obvious and clearly stated, or at least progress could be seen.
     
  19. Taco15

    Taco15 I wear stretchy pants VIP

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    ahh yeah your right. it wasnt uncle sam directly. i dont see the problem in having the president stand up put stuff in order on a multi-national company that could be using the money incorrectly.

    the way i see it. If i lend you 100 million dollars gues what, i fucking own you and i will fire you if i see my countries money going down the toilet because of you failed leadership
     
  20. get_nick

    get_nick These snozzberries taste like snozzberries... VIP

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    this guy was NOT under investigation. The company he worked for is under investigation. he was VERY new to the job (hired in september).

    this guy was there to turn the company around. he was a good person who had worked under 3 CEO's.

    my guess, he was on to something and it was a setup. somebody worth billions didn't want anybody to find out what really happened.
     
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