Whether Suicide or Suicided - Interesting!

[Myra Bronstein]

...

When Enron started to 'go under' one of the top men [see below] was said to have committed suicide in his luxury car - shot himself in the head. ...

Good example Peter. If one such case doesn't seem suspicious the overall pattern certainly should.

Are there other examples of rich executives' "suicides" in the past decade or so?

[Myra Bronstein]

I remember a witness in the JFK assassination who was found with THREE shotgun blasts to the BACK of his head. It was ruled a suicide. I believe his wrists were bound, as well. I wonder what they learn in the police academies these days.... NB- actually Dave, I think it easier to hang oneself and THEN shoot oneself to death. If still alive, the razors to the wrists in the bathtub should do....... it really is quite amazing they didn't rule Roselli's body hacked-up and placed in an oil drum with concrete suicide - Houdini could have done it and then done it for the next show!.....

Shotguns are versatile. Kurt Cobain "shot himself" with a shotgun that was too long to point at himself while pulling a trigger and after he was incapacitated by three times the lethal dose of heroin. In addition there were no fingerprints on the gun or shells.

The merry widow (who he was about to divorce) received $50million for rights to his songs.

http://www.abovetopsecret.com/forum/thread271360/pg1
http://www.zimbio.com/Courtney+Love/arti...ath+murder

[Jan Klimkowski]

Mgtspy (who outed "Blumunki"/Kellermann) over at Ticker Forum (TF) had very good insider information.

Mgtspy posted the following almost as it was happening:

This is NOT in the news anywhere else in the world. TF is the first place that hears this.

3 days before LEH collapsed, Dick Fuld called Freddie's CEO Dick Syron. After that call, Dick Syron bypassed all his risk management and with the support of his trading floor chiefs sent $1.2B cash to Lehman brothers in the form of Unsecured Lending - YES, that means NO COLLATERAL. That money was written down to zero the Monday that Lehman collapsed. This is not announced, but will show up in the next earnings (Oct 15?) as a loss. My sources told me Fannie Mae suffered a smaller loss, but nobody is privy to the amount, it's just not nearly as bad as freddie mac.

Now the stunning part: there are talks out there in bloombergs that Dick Syron and probably some of the trading chiefs, knowing full well that they were not gonna get golden parachutes, sent that money in order to get kickback. Think, 1% of 1.2B is still 12 million USD. Not a trivial sum of money.

Where does that money end up? Certainly not in LEH's investors hands, but in the hands of people that force LEH to get as much funding as they can before turning and forcing it to collapse. A MAJOR ROBBERY. It's so bad that a robbery of this scale cannot be done without insider's help, and Dick Syron/Patricia Cook + a few of the head traders at Freddie did it before they themselves cashed out and will later get kickbacks.

Anyone want to send this to NYT or Wapo is okay with me. I have no document I can offer at this point but certainly a subpoena from FRE and perhaps LEH will be able to reveal who's doing what in this particularly heinous crime.

On Sep 19, 2008, the following appeared on Reuters:

Freddie Mac says Lehman owed it over $1.2 billion

NEW YORK (Reuters) - Freddie Mac (FRE.N) said on Thursday it has yet to receive payments of more than $1.2 billion due from Lehman Brothers Holdings LEHM.PQ, which went bankrupt after the U.S. government refused to bail out the investment bank.

Mortgage giant Freddie Mac, which was taken over by the government about two weeks ago, said Lehman was due to make principal payments of $1.2 billion plus accrued interest under unsecured lending transactions due to mature Sept 15, the day Lehman filed for bankruptcy protection.

In a document filed with the Securities and Exchange Commission, it said Lehman also services single-family loans for Freddie Mac and estimated its potential exposure to Lehman for servicing-related obligations, including repurchase obligations, was about $400 million.

But the mortgage company said it did not know whether or to what extent it will take a loss related to the transactions and noted that actual losses could be materially greater than its estimates.

Freddie Mac said it is in the process of evaluating its exposures to Lehman and its affiliates arising under other business relationships and that until this is complete it could not provide assurances as to the amount of its exposure.

http://www.reuters.com/article/businessN...1620080919

[Jan Klimkowski]

Ho hum....

Freddie Mac records exempt from FOIA
Posted by Bill Allison, March 26th, 2009 · 2 Comments
Bob Secter and Andrew Zajac of the Chicago Tribune report that, while researching what went at Freddie Mac during the period White House Chief of Staff Rahm Emanuel served on the government sponsored enterprise’s board of directors, they were unable to get minutes of board meetings and other information:

The Obama administration rejected a Tribune request under the Freedom of Information Act to review Freddie Mac board minutes and correspondence during Emanuel’s time as a director. The documents, obtained by Falcon for his investigation, were “commercial information” exempt from disclosure, according to a lawyer for the Federal Housing Finance Agency.

Freddie Mac executives cooked the books, mismanaged the firm, and ultimately drove it into the ground, costing taxpayers billions of dollars. The “commercial information” exemption is reserved for private companies–Freddie Mac is by no means a private company anymore.

Sector and Zajac did get contemporaries of Emanuel to describe his participation on the company’s board:

One of Emanuel’s fellow directors at Freddie Mac was Neil Hartigan, the former Illinois attorney general. Hartigan said Emanuel’s primary contribution was explaining to others on the board how to play the levers of power.

He was respected on the board for his understanding of “the dynamics of the legislative process and the executive branch at senior levels,” Hartigan recalled. “I wouldn’t say he was outspoken. What he was, was solid.”

http://realtime.sunlightprojects.org/200...from-foia/

[Myra Bronstein]

Very interesting stuff you posted Jan. That Ticker Forum is a good find.

[Peter Lemkin]

But all these bandits [who stold much of our money in the USA and around the World] are running around free in their several multi-million dollar homes and top-end cars, while four guys are to be fined more money than they have on a business they made no money at running Pirates Bay. The REAL Pirates Bay is not on the internet, but in the boardrooms and on the golfcourses, beaches, yachts these guys and all their buddies play in/on.

They play, we pay. They prey, we are prey.

I say they should walk the plank!

I agree with Myra, Jan that Tickerfoum is one hell of a find. Seems to be these guys' clubroom. A portal into Dante's sixth level