Professor Elam

The 41 year old CFO of Freddie MAC FRE apparently committed suicide at his home early in the AM.

While he was not the subject of any investigation no doubt he was under pressure as FRE lost billions in the mortgage market.

Indeed this is a tragedy, we will see more like it. Interestingly of course the real culprits like Bernie Madoff or Ken Lay never hold themselves accountable and as Gordon Liddy might say, do the right thing.

As I have said numerous times here, the socidal mood is turning down.