Excellent rebuttal to government's half baked attempt to limit the damages. The damages done to shareholders are verifiable, and, could also include punative damages in the amount of $1.6 billion. The lawsuit says this is FMCC AND FNMA preferred so both should get 1.6 billion punative damages, plus the actual damages plus interest.
Katie Buehler @bykatiebuehler · 6m The shareholders said they wouldn’t argue that, but said they planned to show the $33B+ in total shareholder investments in the companies ahead of the conservatorship as context of the case. Jurors already saw those numbers during opening statements.
The court also rejected a motion by FHFA to preclude the shareholders from inferring in closing arguments that their requested $1.6B in damages is a “bargain” for the government.