Sept 19th and part (summary Judgement) we sore that the Judge was heading in a direction that favoured the law and shareholders as to the Governments actions. As I said I had a feeling the Judge was going to make this very hard for the Government to appeal.
With this lastest news, it's going to be very hard for the Government to prove otherwise. So based on the lastest from Judge Lambert we would expect damages from 2012. More looking like that $16.92 was the low end where the Judge was thinking! I guess he's out for blood with the actions the Government took in his court room in 2018.
So damages should be in and around this model ?
As an alternative measure, based on a restitution theory under which Defendants would
disgorge the net benefits they have received under the shareholder contracts, which would be unwound
in their entirety. Plaintiffs would receive the present value as of August 2012 (the date of the Net Worth
Sweep) of the sums initially paid for shares ("issuer-received cash flows"), and Fannie Mae and Freddie
Mac would receive the present value as of the same date of dividends it paid since issuance ("purchaser-
received cash flows"). Damages are equal to the issuer-received cash flows minus the purchaser-received
cash flows, which amounts to:
$16.337. Billion Fannie Preferred prior to the application of prejudgment interest
$26.939 Billion after the application of prejudgment interest
$9.288 Billion for owners of the Freddie Mac Common ($14.29 per share)
$11.809 Billion Freddie Preferred prior to the application of prejudgment interest
$20.989 Billion after the application of prejudgment interest
Market Data 
Markets 
AI
