HOUSE_OVERSIGHT_020941.jpg

1.33 MB

Extraction Summary

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People
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Organizations
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Locations
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Events
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Relationships
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Quotes

Document Information

Type: Financial presentation slides / report
File Size: 1.33 MB
Summary

This document contains two slides from a KPCB (Kleiner Perkins) financial presentation titled 'USA Inc. | Income Statement Drilldown'. The slides analyze US government fiscal health, focusing on the potential taxpayer costs of Fannie Mae and Freddie Mac loan defaults (ranging from $50B to $625B depending on default rates) and breaking down entitlement spending (Medicare, Medicaid), national debt ($9T), and one-time charges like TARP and ARRA based on Fiscal Year 2010 data. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was produced during a congressional investigation, likely related to financial oversight, though the specific page contains no text directly mentioning Jeffrey Epstein.

Timeline (1 events)

2008-09
Government conservatorship of Fannie Mae / Freddie Mac
USA
Fannie Mae Freddie Mac US Government

Locations (1)

Location Context
USA

Key Quotes (4)

"Fannie Mae & Freddie Mac: Scenario Math – What Various Default Rates Could Mean for Taxpayer Ultimate Cash Cost"
Source
HOUSE_OVERSIGHT_020941.jpg
Quote #1
"Current CBO / OMB Forecasts of Ultimate Cash Cost of Fannie Mae / Freddie Mac: $160 Billion"
Source
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Quote #2
"Entitlement Spending: Medicaid (-$273B Net Loss*)"
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Quote #3
"Debt Level ($9T Outstanding)"
Source
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Quote #4

Full Extracted Text

Complete text extracted from the document (1,940 characters)

Fannie Mae & Freddie Mac: Scenario Math – What Various Default Rates Could Mean for Taxpayer Ultimate Cash Cost
[Equation Graphic]
Fannie Mae / Freddie Mac Outstanding Loan Guarantees X Default Rate X Loss Severity* = Ultimate Cash Cost to Taxpayer
[Table]
Outstanding Loan Guarantees | Default Rate | Loss Severity* | Ultimate Cash Cost to Taxpayer
$5 Trillion¹ (before government conservatorship in 9/08)
Default Rate: 2% | Ultimate Cash Cost: $50 Billion
Default Rate: 5% | Ultimate Cash Cost: $125 Billion
Default Rate: 10% | Ultimate Cash Cost: $250 Billion
Default Rate: 15% | Ultimate Cash Cost: $375 Billion
Default Rate: 20% | Ultimate Cash Cost: $500 Billion
Default Rate: 25% | Ultimate Cash Cost: $625 Billion
Loss Severity*: 50%
[Sidebar Arrow]
$160 Billion Current CBO / OMB Forecasts of Ultimate Cash Cost of Fannie Mae / Freddie Mac
Note: * Loss severity is liquidation value (foreclosure auction or other means) as a % of the loan amount adjusted for any advances and fees. Source: 1) Fannie Mae, Freddie Mac.
KP CB www.kpcb.com USA Inc. | Income Statement Drilldown 199
[Second Slide/Section]
1 | 2 | 3
1 Entitlement Spending
Medicaid (-$273B Net Loss*)
Medicare (-$272B Net Loss*¹)
Unemployment Benefits (-$115B Net Loss*)
Social Security (-$75B Net Loss*¹)
2 Rising Debt Level & Interest Payments
Debt Level ($9T Outstanding)
Effective Interest Rates (2.2%)
Debt Composition
3 Periodic Large One-Time Charges
TARP ($26B Net Profit*²)
Fannie Mae / Freddie Mac (-$41B Net Loss*)
ARRA (-$137B Net Loss*)
Note: *denotes F2010 net income / net loss of respective programs, data per White House OMB. 1) Medicare and Social Security net loss excludes Trust Fund interest income. 2) TARP net loss includes proceeds from sale of warrants. TARP is Troubled Asset Relief Program; ARRA is American Recovery & Reinvestment Act programs.
KP CB www.kpcb.com USA Inc. | Income Statement Drilldown 200
HOUSE_OVERSIGHT_020941

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