If you ever had any credibility you just lost it.
This post seems to contradict you. He's 50/50.
Erin
May 6, 2018 at 11:48 pm
Tim
We all appreciate your work and insight and I apologize to ask but I am curious, are you a shareholder? If so which? Again sorry to ask.
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jtimothyhoward?
May 7, 2018 at 8:03 am
I own no shares of Freddie Mac, and discussed my holdings of Fannie when I began doing the blog (in February 2016). Enough time has since passed that it’s probably worth repeating: “When I left [Fannie] I held common shares and vested stock options, all obtained as compensation there…I sold no shares, and took shares (not cash) upon exercising stock options, until Fannie Mae completed its earnings restatement in December 2006. From January through June 2007 I sold approximately half of my and my family’s holdings of Fannie Mae common stock. I held the rest when the company went into conservatorship, and in August 2009 sold half those shares and used the proceeds to buy Fannie Mae series N preferred stock (picked because it was the last preferred stock issuance the company did when I was CFO). I have done no transactions in either the common or preferred shares of Fannie Mae since then.” That’s still true, and I’d add that Fannie’s common was trading at around $70 per share when I left, so at today’s prices my holdings of Fannie common and preferred are not a significant percentage of my financial assets (i.e., I’m not doing the blog in the hope of financial gain).
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