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…

Here is the link to the summary of the KPMG $456 M fine for their promotion of a tax shelter marketing program. This was the largest tax fraud case in history, worth a read and we will be discussing it in ethics class. The IRS version is here.