Freddie Mac Chief found dead

The BBC has the report with no confirmation of reports that the 41 year old Mr Kellerman had committed suicide.

After the budget and the IMF confirmation of a worldwide recession on top of its dire predictions of yesterday, it appears that the Government has abandoned all pretence of coping with reality.... e.g. the Identity Card Scheme incredibly continues.

The IMF within an hour of the budget contradicted the Chancellors growth figures predicting a contraction of 4.1% this year continuing into 2010 with a further contraction of 0.4%.... God only knows what they must make of his prediction of racing growth , way above trend of 3.5% for 2011.

It appears the Crash is about to enter its next phase.