Nick Isbell is an economist from Bethesda, Maryland. He previously worked for Fannie Mae from 2001 to 2011. Mr. Isbell invested a significant sum in Fannie Mae stock shortly before the conservatorship.
The investment was both emotional and rational. Mr. Isbell had come to know and love Fannie Mae and believed in its mission. He also believed the projected credit losses at the time he invested to be overly pessimistic.
Now, Mr. Isbel is holding potentially worthless paper that he allocated for his daughter’s education and is fearful that Johnson-Crapo will codify this taking into law.