Freddie Mac Boss Selling $5 Million Vacation Home (PHOTOS)

Freddie Mac CFO Anthony "Buddy" Piszel must be feeling the crunch, as the NY Post reports he is selling his Maryland vacation home for $5 million

Piszel, 51, whose job is hanging by a thread at the beleaguered finance company, listed his stately vacation playground on Maryland's Eastern Shore two weeks ago for $5 million - presumably since learning the fate of the company.

The custom-renovated, three-story Georgian-style mansion, known as "Rigby's Lott," is on 4.5 gated waterfront acres. It features six bedrooms, six baths, formal dining and living rooms, a cherry-paneled den, game/media room and gourmet kitchen.

Piszel bought the Easton, Md., spread - which includes a new pool, hot tub, a guest house, a horse stable and riding ring - only 18 months ago.

Some of the fancy toys on the property include a $230,000 38-foot Fountain Sportfish Cruiser, ironically named "A Better Decision," powered by three fuel-sucking outboard engines, two high-end Jet Skis, a house Jeep and a few horses.

According to the Freddie Mac website:

As chief financial officer, Piszel is responsible for the company's financial controls, financial reporting, tax, capital oversight, and compliance with the requirements of Sarbanes-Oxley. He also oversees the company's annual budgeting and financial planning processes.

A search of the area and found these photos of the home, with the name Rigby's Lott in Easton, on the market for $4.975 million.

Comments

[jmpfjoy]

Why doesn't the government seize THIS? It truly makes me sick to my stomach...

[DuPageDem]

Bingo. And everything else this criminal owns. Leave him nothing but a Wal-Mart smock and a minimum-wage salary for the rest of his life.

[WandaBooneshaft]

Take the virtual tour for yourself. It won't cost you a dime.

http://www.realtor.com/search/listingdetail.aspx?zp=21601&mnp=49&typ=1&sid=15ba6cadc436497fa65ed383eafd05e6&lid=1103019814&lsn=5&srcnt=10#Detail

[WandaBooneshaft]

The monthly mortgage payment on this place -- a vacation home, mind you -- is more than $26K.

Boggles my mind.

[marm]

Aw, the poor dear. Makes me so grateful for my Section 8 tacky apartment! Maybe we should start one of those charitable drives for him like the ones for hurricane victims.

[Darren7160]

I refuse to believe that it was the Democrats who refused to regulate them. Even if it is true, I choose not to believe it. Hehehe. Don't you just love adopting the Republican tactic? Deny, deny, deny.

Now, to the "ROOT CAUSE" of the problem. No one ever wants to dig deeper. Who agreed to make these loans? The corruption and greed permeated the whole mess. Who was in charge during these times that poor Mr. Bush (never the President of the United States, always the leader of the Republican Party) and Mr. McSame tried to reign in these organizations? Did they happen to talk to the head of HUD who was running around promoting all this subprime mess while allowing Mr. Bush to talk about providing the American dream to all these people?

Mr. Bush and his Republican congress did everything they really cared about between 2000 and 2006... so drop the pretenses that it was the minority party that is somehow responsible.

Just admit, the who basis of the Republican philosophy is corrupt and bankrupt to its very core! They had you morons running around checking the sex lives of your neighbors and whether or not to include "Under God" while ignoring the "Liberty and Justice for ALL." The entire time they were running rampant and being encouraged by you idiots.

Hey, you wanted it... we warned you... you got it. Live with it.

[ratface]

You are right, talk to a Republican and the first thing they start on is Abortion...........they do keep the light on these things while they pick your pocket !!!!!!!

[from Idaho]

I don't understand why this fine rich guy would need to sell this fine rich house. The Republican President and Republican Congress gave him lots of tax breaks. If he and his buddies in the failing financial business keep donating to the Republicans, they have an almost equal chance of electing another Republican who says he wants to keep up the tax breaks.

Oh, you say, he might lose his job? That's different. He might have to stand in the expanding unemployment lines, where he may be able to find a minimum wage job. On the bright side--if he does land one of those lower paying jobs--there is almost an equal chance that a Democrat will win the election, who promises to cut taxes for the low wage workers.

[TimmySlagle]

How did this happen?

Well, if you look at who opposed the regulation of Fannie and Freddie, it wasn't the GOP.

[ratface]

Another BLIND S O B.........

[MsCanadian]

LOL! They forgot to mention that he will now be moving into a one-bedroom apartment in Washington.

[TimmySlagle]

A much ignored item in this mess, is how deeply Fannie and Freddie were in bed with the Democrats.

President Bush tried to regulate the industry in 2003, and John McCain tried in 2005. They were both shot down by DEMOCRATS.

[biglover]

Bullshit - source your lies please

[Daly]

fox

[ItHasToGetBetter]

Maybe we'll all find him more "relatable" now.

[quiscut]

I really hope there is a 'perp walk' in this jerks future and I hope all the tv cameras are there to record it for posterity.

[HungryGator]

I agree with several of the posts therefore all I've got to add is...
Bless the 'Lil Darlin' for selling his platial "vacation" estate.
After the closing on the sale the Feds need to go after him, and countless others, for 1,000 pounds of flesh and a wad of dough. Then all these greedy/corrupt/inept CEOs should be fitted for orange jump suits and shiny bracelets.

[HonestAmerican1]

I agree the house should be siezed and the proceeds should be used to pay back the taxpayers who bailed out the company. The real question is: Is there any equity?? Maybe it was purchased with sub-prime lending...

[HonestAmerican1]

I agree this house should be siezed.. and proceeds should be given back to the taxpayer for the bailout. The question is::: is there any equity? Maybe it was purchase using sub-prime lending...

[Auzziegirl]

Bompa, I agree with you 100%...sieze his assetts and apply to the bailout. He should not be able to gain one red cent of this money! He's trying to save his (ass)ets, before media scrutiny drives the value of his vacation mansion, etc. down even further. Hopefully, he gets caught in the same upside-down position that most of us hard-working middle-class Americans find ourselves in these days, simply because of poor management decisions and get rich quick schemes of executives like Piszel. I'm a 60ish mother-homemaker, who at a time when I should be winding down is forced to work full-time to make ends meet. Every red cent of my paycheck goes to pay bills that my husband's paycheck doesn't cover...combined, we earn mid-6 figures! Yeah! Believe it or not! At least we pay our bills and aren't asking someone else to bail us out!