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Moffett back at Freddie Mac

Former CEO will serve as consultant

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David Moffett, the former U.S. Bancorp executive who was named to lead Freddie Mac last fall after the company was placed in government conservatorship, is returning as a consultant in the aftermath of the death of another top executive. Moffett, who announced his departure from Freddie Mac in March to return to a role in the financial services sector, will assist interim CEO Josh Koskinen in directing the finance division and overseeing the release of financial statements, Freddie Mac said. A key goal is the timely release of first-quarter 2009 financial results, the company said. Freddie Mac is the target of investigations by the Justice Department and Securities and Exchange Commission for accounting, disclosure and coporate governance issues that predate Moffett's time as CEO (see story). The company's acting chief financial officer, David Brian Kellermann, was found dead at his home in Virginia Wednesday, the victim of an apparent suicide (see story). "I am grat...