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Year Average Yield Weighted Average Treasury Yields (%) 0% . T T T T T T T T T T 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 KP Source: US Treasury. i USA Inc. | Income Statement Drilldown 165 Effective Interest Rates: If Debt Levels & Interest Rates Rise Dramatically Beyond 2010, Net Interest
s Helped Fuel It, Too, as They Reached For Yield Without Questioning AAA Ratings of A Subprime-Backed Investments Investors picked up 25-35bps over U.S. Treasuries with comparable maturity, typically levered 10:1 and generated 2.5-3.5% yield, meaningful against an 8% annual yield target Illustrative AAA-Rated S
Consider Review Tax Rates Changing MEE Reduce Subsidies / Tax Expenditures*/ eee Broaden Tax Base Note: *Tax subsidies / expenditures are losses to the U.S. Treasury from granting certain deductions, exemptions, or credits (such i as those on mortgage interest payments and employer-sponsored health insurance payme
nie and Freddie’s guarantee on them, are then sold to investors (banks, insurance companies, bond funds, etc.). K P Source: Fannie Mae, Freddie Mac, Los Angeles Times. (@)E) www.kpcb.com USA Inc. | Income Statement Drilldown 195 Fannie Mae & Freddie Mac: What Went Wrong? Fannie Mae and Freddie Mac Public Market
uty United States Trade Representative (Geneva Office) with the rank of Ambassador and Brian Morrissey Jr. of Virginia to be General Counsel for the Department of the Treasury. — 9:45 AM — Host: Finance • Hearings to examine the nomination of Jason Evans of Texas to be an Under Secretary of State (Management — 10:00 AM —
ectives, with assistance from the FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives. Additional reporting on the story was provided by Los Angeles Times (07/21, Winton, Fry, Buchanan), KNBC (NBC-4) (07/21, Jeong), KTLA (CW-5) (07/21, Conybeare), KTTV (Fox-11) (07/21, Staff Writer), and KABC (ABC-7)
sion and wrongfully detained by Iran. The articles noted that the FBI is seeking information on the officers, who were previously sanctioned by the U.S. Treasury Department for their alleged role in Levinson's abduction, probable death, and Iran's efforts to cover up their responsibility. "These three intelligence offic
ts critics, with experts questioning the timing and credibility of the allegations against Schiff. Additional reporting on the story was provided by Los Angeles Times (07/15, Rector, Nelson), New York Post (07/15, Nelson), CNN (07/15, Kaczynski, Steck), Axias (07/15, Walker), The Daily Beast (07/15, Palmer), Fox
Entities connected to both U.S. Treasury and Los Angeles Times

Jeffrey Epstein
PERSON
United States
LOCATION
Donald Trump
PERSON
George W. Bush
PERSON
Barack Obama
PERSON
Ghislaine Maxwell
PERSON
Department of Justice
ORGANIZATION
Virginia Giuffre
PERSON
Prince Andrew
PERSON
Bill Clinton
PERSON
Bloomberg L.P.
ORGANIZATION
Joe Biden
PERSONLeon Black
PERSON
Condoleezza Rice
PERSONFBI
ORGANIZATION
Marc Rich
PERSON
Julie K. Brown
PERSON
Michael Cohen
PERSON
Samantha Power
PERSON
New York
LOCATION