In light of some of my recent posts, I should repeat my disclosure that I worked at Freddie Mac between September 2002 and January 2004. I also own something like 200 shares of stock in the company (if it is important to anyone, I can check the exact amount). Those shares are of course not worth very much right now.
I made many close friends at Freddie, and learned more about mortgages that I could have possibly learned had I never left academia. I also found myself very disappointed with the company in all kinds of ways, which is why I didn't stay very long (although I also didn't stay long because I missed being a professor). I think senior management there has made a series of awful decisions.
Readers may draw their own conclusions about how seriously to take my views in light of this.
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