Replies to post #772902 on Fannie Mae-No Politics (FNMA)

[Fanatical Infidel]

On October 24, 2023, the court awarded these shareholders prejudgment interest on the damage award,
to be determined as simple interest, accruing from August 17, 2012 until the date on which judgment is entered at a
fixed rate of 5% over the Federal Reserve discount rate as of August 17, 2012. We have determined the prejudgment
interest through September 30, 2023 is $192 million.

192 million only comes out to .83% average for the Federal Reserve discount rate... I must be missing something because that makes no sense. I have it around 1.55% for the discount rate and prejudgment interest would be around 215 million.

I could understand being off 5-6 million but not 23 million...Anyone else do a calculation?

Interested to see what plaintiffs throw out on Nov 7th.