Replies to post #43555 on Freddie Mac-No Politics (FMCC)

[Robert from yahoo bd]

Punitive damages seems like a long shot given the courts tremendous latitude to government actors. But when a government actor says the intent of the net worth sweep was to "salt the Earth with their carcasses", I would imagine that would raise the eyebrows of even the most adamant pro government federal judge. We'll see what happens.

[Red Cloud]

Don't forget the other counterparties / beneficiaries

Getting punitive damages from the Federal Government may be one thing, however, if the Government (theoretically of course) colluded with, say, Goldman Sachs in order to make Goldman whole at the expense of Fannie / Freddie shareholders (by forcing F&F to purchase $Millions of subprime mortgages at 100 cents on the dollar), then is it not possible that Goldman could be liable for actual and punitive damages?

Why else the severe reluctance to release the 12,000 documents in discovery? They're hiding something BIG, and this could be the icing on a very large cake.

Good Luck Everybody. Good day today.