Read other letters about this article

• Sunday, April 23, 2006 11:03 AM

  oh double snap!!!

  So just as predicted, the daddies are high-powered executives, and Seligmann's mother is a stay-at-home-mom (are you paying attention, caitlin flanagan, re: benefits of staying at home with your children?). We don't know anything about Mary Ellen Finnerty, except that she and her husband were donors of some sort to Duke. I imagine if she had a job (the accused is one of 5 children, so unlikely), it would have been mentioned.

  This is so Leave It to Beaver gone wrong.

  Abbot said Philip Seligmann is a financial services executive. On Tuesday, he put up $400,000 to bail out his son. Kathleen Seligmann is a stay-at-home mom who does volunteer work.

  http://www.newsobserver.com/1185/story/430109.html

  While his parents, Mary and Kevin J. Finnerty, Tuesday raised the $400,000 bail that kept their son, 19, from incarceration in Durham, N.C., most of their neighbors on Carteret Place, adjacent to the Garden City Golf Club, declined to comment.

  Finnerty's father is a high-powered Wall Street executive, according to business databases. A former managing director at J.P. Morgan Securities, he is on the board of Newcastle Investment Corp. and previously served on the Bond Market Association's board

  http://www.newsday.com/sports/lacrosse/ny-lifinn0419,0,7990796.story?coll=ny-sports-headlines

  Finnerty, 19, is one of five siblings, including an older brother who attends Duke. He attended Chaminade High School, a private Catholic academy in Mineola.

  Kevin J. Finnerty, Collin's father, is on the board of directors for Newcastle Investment Corp., a real estate and finance company in Manhattan. He was the head of the mortgage department at Bear, Stearns and Co. before he helped found F.I. Capital Management.

  http://www.newsobserver.com/1185/story/430107.html

  Kevin J. Finnerty was appointed to Newcastle Investment Corp.’s board of directors and its Audit Committee, Nominating and Corporate Governance Committee and Compensation Committee in August 2005. Mr. Finnerty has been a director of the Newcastle Investment Holdings LLC (formerly Newcastle Investment Holdings Corp.) since its inception in 1998. Mr. Finnerty is a founder and the Managing Partner of F.I. Capital Management, an investment company focused on Mortgage related strategies. Previously, Mr. Finnerty was a Managing Director at J.P. Morgan Securities Inc., where he headed the Residential Mortgage Securities Department. Mr. Finnerty joined Chase Securities Inc. in December of 1999. Prior to joining Chase Securities Inc., Mr. Finnerty worked at Union Bank of Switzerland from November 1996 until February 1998, where he headed the Mortgage Backed Securities Department, and at Freddie Mac from January 1999 until June 1999, where he was a Senior Vice President. Between 1986 and 1996, Mr. Finnerty was with Bear Stearns & Co. Inc., where he was a Senior Managing Director and ultimately headed the MBS Department and served as a member of the board of directors from 1993 until 1996. Mr. Finnerty was Co-Chair of the North American People Committee at JPMorganChase and Chairman of the Mortgage and Asset-Backed Division of the Bond Market Association for the year 2003.

  —LeCastor
  Permalink
  Flag
  Click "Submit Flag" if you feel this post is inappropriate. Explain why below if you wish.

  Cancel