Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Dr. Mason is LSU, Economics, he did his dissertation on historical government responses to financial crisis and testified in Congress on numerous occasions and was interviewed all over the biz press at the height of the Great Financial Crisis. His work done for the trial was in calculating the Damages resulting in the Breach of the Implied Shareholders Contract with Fannie Mae and Freddie Mac, which involved an events study measuring the 1 day drop in Fannie Mae and Freddie Mac JPS and Common Shares on August 17, 2012, the day of the announcement of the Net Worth Swipe.

Dr. Thacker (I'm misspelling his name I believe) teaches at major educational institutions as well and was tasked with calculating a reasonable Periodic Commitment Fee and spent most of yesterday's trial on Direct Examination, Cross Examination, and Follow up Examination. He's the Gold Standard in Expert Witness Testimony. As I recall, the appropriate PCF was between 2.5 bps to 45 bps on the UST loan Commitment Outstanding. Freddie Mac calculated it at 25 bps but gave no color on how they determined it.

The next Professor to testify will be an Expert in Accounting and he is Excellent as well.