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Summer reading, if you like, some have read before, but since they are potentially added to the appeals case, here you go!! "The Mortgage Wars," Tim Howard. "Senseless Panic," William M. Isaac.
cfljmljfl, as far as the low pps, it seems like all the cases have injunctive relief as the final request. Hard to get injunction midway as we'd like. Maybe the plaintiffs are OK with the lower PPS until the case is settled, to better prove irreparable harm?
They added Tim Howard, now William Isaac's in there too. At least this is getting more interesting! They can each write another book now covering this part. :)
Yes, pretty sick of delays! That one is one month so far. The original date was Aug 14, now Sept 14.
From the appeals case
07/02/2015 CONSENT NOTICE filed [1560875] by Independent Community Bankers of America; The Association of Mortgage Investors; Mr. William M. Isaac; and Robert H. Hartheimer of intention to participate as amicus curiae. [Disclosure Listing: Attached] [Service Date: 07/02/2015 ] [14-5243] (Rhatigan, Robert)
07/02/2015 UNOPPOSED MOTION filed [1560877] by FHFA, Jacob J. Lew and TREA in 14-5243, FHFA and TREA in 14-5254, 14-5260, 14-5262 to extend time to file brief to 09/14/2015. Pages: 1-10. [14-5243, 14-5254, 14-5260, 14-5262] (Sinzdak, Gerard)
Any predictions for next week, JJ8?
It means that the plaintiffs and the defendants agree on letting those individuals have access to that protected info. I think someone asked about updates. There is a status conference July 7th, but it's not open to the public. :)
06/29/2015 STATUS CONFERENCE ORDER: A status conference shall be held on Tuesday, July 7, 2015 at 1 p.m. before Judge Margaret M. Sweeney. Because protected information will be discussed, the status conference shall be closed to the public. Only those counsel admitted to the protective order may participate. Signed by Judge Margaret M. Sweeney. (ta) Copy to parties.
Yes Bostonesesco, it sounds big. I'm surprised we didn't hear anyone talking about it. Those close to the case must be skipping the fanfare for now.
JOINT NOTICE OF FILING OF APPLICATIONS FOR ACCESS TO PROTECTED INFORMATION Pursuant to Paragraph 7 of the Protective Order (Doc. 73) issued by the Court on July 16, 2014, the parties respectfully file the attached applications of Paul D. Clement, H. Christopher Bartolomucci, D. Zachary Hudson, Graciela M. Rodriguez, Merritt E. McAlister, Taylor T. Lankford, Michael J. Ciatti, Barrie Prinz, Hallie S. Goldblatt, Christopher Davies, and Laura Schwalbe for access to Protected Information. In accordance with the procedures established un- der Paragraph 7 of the Protective Order, counsel for the parties have consulted with each other regarding these applications, and neither opposes the applicants’ access to Protected Information. Date: July 2, 2015 BENJAMIN C. MIZER Acting Assistant Attorney General s/ Robert E. Kirschman, Jr. ROBERT E. KIRSCHMAN, JR. Director s/ Kenneth M. Dintzer KENNETH M. DINTZER Deputy Director Commercial Litigation Branch U.S. Department of Justice P.O. Box 480 Ben Franklin Station Washington, D.C. 20044 (202) 616-0385 Respectfully submitted, s/ Charles J. Cooper Charles J. Cooper Counsel of Record for Plaintiffs COOPER & KIRK, PLLC 1523 New Hampshire Avenue, N.W. Washington, D.C. 20036 (202) 220-9600 (202) 220-9601 (fax) ccooper@cooperkirk.com Of counsel: Vincent J. Colatriano David H. Thompson Peter A. Patterson Brian W. Barnes
07/02/2015 NOTICE, filed by All Plaintiffs of Joint Filing of Applications for Access to Protected Information (Attachments: # 1 Deloitte Applications, # 2 Fannie Mae Applications, # 3 Freddie Mac Applications, # 4 PwC Applications)(Cooper, Charles)
Ya, go back to my previous posts. :)
06/30/2015 NOTICE filed by Timothy Howard of intention to participate as amicus curiae.
NOTICE OF INTENT TO FILE BRIEF AMICUS CURIAE IN SUPPORT OF APPELLANTS
Pursuant to D.C. Circuit Rule 29(b), Timothy Howard, the former chief financial officer of the Federal National Mortgage Association (a.k.a. Fannie Mae), hereby notifies this Court of his intent to file a brief amicus curiae in support of Appellants in this matter. All parties have consented to such participation.
Some here were surprised by Kathy Ireland's $2 billion sense. Another power house on cnbc now, Goldie Hawn (may surprise you, met her decades ago) and was pleasantly "surprised" by her business sense. Her deal is Hawn foundation, helping the next generation (through the schools, etc) to be better able to deal with stress, (brain anatomy, managing everyday stress, etc) She pops up at Davos, etc. With NuGene, we can continue to be pleasantly surprised with the powerful force of kiWW!
$$$NUGN$$$
Green into the holiday weekend.
$$$nugn$$$
PLAINTIFFS’ RESPONSE TO DEFENDANT’S NOTICE OF SUPPLEMENTAL AUTHORITY Plaintiffs respectfully submit this response to Defendant’s Notice of Supplemental Authority (June 24, 2015), Doc. 167 (“Notice”), discussing the Court of Federal Claims’ recent decision in Piszel v. United States, 2015 WL 3654399 (Fed. Cl. June 12, 2015). The plaintiff in Piszel was the beneficiary of a “golden parachute” employment contract with Freddie Mac that FHFA refused to honor after placing that Company into conservatorship. Pointing to provisions of federal law that existed when the contract was signed allowing federal regulators to abrogate golden parachute employment contracts in the event of conservatorship (or otherwise), the Court held that FHFA’s actions did not effect a taking. Piszel, 2015 WL 3654399, at *9 (citing 12 U.S.C. § 4518(c) and the Safety and Soundness Act)).1 In so ruling, Piszel relied on two Federal Circuit precedents—Golden Pacific Bancorp v. United States, 15 F.3d 1066, 1073 (Fed. Cir. 1994), and California Housing Securities, Inc. v. United States, 959 F.2d 955, 958 (Fed. Cir. 1992)—that held that federal regulators did not take shareholders’ investments in failing financial institutions when they placed those institutions into receivership as authorized by 1 Notably, the Piszel Court assumed that FHFA acted as the United States and thus was subject to suit under the Tucker Act. 1longstanding federal law. But those precedents suggest at most that in certain situations when the Government exercises statutory authority to place an entity into conservatorship or receivership, the shareholders of that entity cannot challenge that act—the imposition of the conservatorship or receivership itself pursuant to well-established criteria—because they were on notice when they made their investments that the Government might take such an action if the statutory prerequisites were satisfied. Here, of course, Plaintiffs are not challenging the imposition of the conservatorships, but rather the expropriation of their property four years after the conservatorships were established and at a time when Fannie and Freddie had been rehabilitated and had begun generating record profits. Defendant cites Piszel for the startling proposition that one who “voluntarily enter[s] a heavily-regulated industry subject to Government control” forfeits all property rights related to his participation in that industry. Notice at 4. The Piszel Court held nothing of the kind, although it recognized that Freddie “operated in a heavily regulated environment.” 2015 WL 3654399, at *8. Such a rule would severely inhibit, if not foreclose, the ability of financial institutions to raise capital. Instead, the Court’s analysis turned on specific provisions of federal law that empowered federal regulators to cancel golden parachute employment contracts during conservatorship. See id. at *9. Similar to Golden Pacific Bancorp and California Housing Securities, the Piszel plaintiff could not claim that it was a taking for the government to cancel a contract that was, as a matter of law, subject to the government’s authority to do exactly that from the moment it was signed. Unlike in Piszel, nothing in the history of federal conservatorships or the body of federal law predating the governmental action at issue in this case alerted Plaintiffs to the possibility that Defendant could expropriate their property. To the contrary, when FHFA placed Fannie andFreddie into conservatorship, FHFA Director Lockhart publicly acknowledged that, as required by HERA, “the common and all preferred stocks [of Fannie and Freddie] will continue to remain outstanding” during conservatorship, whose central purpose was to rehabilitate the Companies and return them to “normal business operations.” Press Release, FHFA, Statement of FHFA Director James B. Lockhart at News Conference Announcing Conservatorship of Fannie Mae and Freddie Mac (Sept. 7, 2008), available at http://goo.gl/hCsFmR (emphasis added). And shortly thereafter he testified to Congress that Fannie’s and Freddie’s “shareholders are still in place; both the preferred and common shareholders have an economic interest in the companies” and that “going forward there may be some value” in that interest. Oversight Hearing to Examine Recent Treasury and FHFA Actions Regarding the Housing GSEs: Hearing Before the H. Comm. on Fin. Servs., 110th Cong. 29–30, 34 (Sept. 25, 2008) (statement of the Honorable James B. Lockhart III, Director, FHFA), H.R. Hrg. No. 110-142, available at http://goo.gl/F3bZYx. Indeed, consistent with that understanding, HERA recognizes that private shareholders retain a property interest in the Companies both during conservatorship and even if they are placed in receivership and their assets are liquidated. See 12 U.S.C. §§ 4617(b)(2)(K)(i), 4617(b)(3), 4617(c)(1)(D). Defendant’s decision to expropriate Plaintiffs’ property four years later was an unprecedented departure from laws governing federal conservatorships of financial institutions and the longstanding practice of federal conservators and receivers pursuant to those laws, and that fact readily distinguishes this case from Piszel. Defendant’s more sweeping reading of Piszel would lead to the absurd result that the Government may take and refuse to pay for the assets of any heavily regulated business, irrespective of its financial condition. Such a rule would be antithetical to the Constitution’s treatment of private property, and courts routinely reject it. Indeed, just two weeks ago, theSupreme Court refused to accept the United States’ argument that raisin growers consent to the uncompensated appropriation of a portion of their crop by participating in the heavily-regulated raisin industry.2 That result accords with long-established precedent, which holds that “mere participation in a heavily regulated environment does not bar a plaintiff from showing that it has a property interest compensable under the Fifth Amendment.” Acceptance Ins. Cos. v. United States, 84 Fed. Cl. 111, 117 (2008); see also, e.g., United States v. Pewee Coal Co., 341 U.S. 114, 115–16 (1951) (United States required to pay just compensation for coal mine it seized despite extensive wartime regulation of coal industry); Cienega Gardens v. United States, 331 F.3d 1319, 1334 (Fed. Cir. 2003) (statute preventing the prepayment of federally subsidized mortgages effected taking of private property despite heavy regulation of federal housing program); United Nuclear Corp. v. United States, 912 F.2d 1432, 1433 (Fed. Cir. 1990) (government required to pay just compensation in suit involving the highly regulated mining industry). Apparently recognizing that Piszel is easily distinguished, Defendant readily acknowledges that Piszel “does not involve a shareholder claim” and suggests only that if affirmed it will “bear[ ] upon Fairholme’s takings claim in this case.” Notice at 3, 4. But as explained, neither Piszel nor the Federal Circuit precedents on which it relied support Defendant’s theory that the Constitution allows it to freely take property belonging to any heavily regulated business. Accordingly, there is no reason for the Court to stay proceedings in 2 Horne v. Department of Agric., -- S. Ct. --, 2015 WL 2473384, at *10 (S. Ct. June 22, 2015). (“The Government contends that the reserve requirement is not a taking because raisin growers voluntarily choose to participate in the raisin market. According to the Government, if raisin growers don’t like it, they can ‘plant different crops,’ or ‘sell their raisin-variety grapes as table grapes or for use in juice or wine.’ ‘Let them sell wine’ is probably not much more comforting to the raisin growers than similar retorts have been to others throughout history. In any event, the Government is wrong as a matter of law.” (internal citation omitted)).this case to await a ruling from the Federal Circuit in Piszel. Indeed, to do so now, after the parties have expended substantial resources on discovery that is nearing completion, would be enormously inefficient and only serve to further delay resolution of this unrelated action. The Court has previously declined to stay proceedings in this case to await appeals in tangentially related cases, and there is no reason for the Court to change course now. See Gov’t Mot. to Stay Proceedings at 14–15 (Oct. 28, 2014), Doc. 103 (requesting stay); Status Conference Tr. at 33:10 (Jan. 28, 2015) (THE COURT: “[T]he stay request will be denied.”). Date: July 2, 2015 Of counsel: Vincent J. Colatriano David H. Thompson Peter A. Patterson Brian W. Barnes COOPER & KIRK, PLLC 1523 New Hampshire Avenue, N.W. Washington, D.C. 20036 (202) 220-9600 (202) 220-9601 (fax) Respectfully submitted, s/ Charles J. Cooper Charles J. Cooper Counsel of Record COOPER & KIRK, PLLC 1523 New Hampshire Avenue, N.W. Washington, D.C. 20036 (202) 220-9600 (202) 220-9601 (fax) ccooper@cooperkirk.com
Hope so!! Pretty incredible that they have been able to hold these trillion dollar US companies hostage for 7 years! C'mon Fnma, Fmcc!! $$$
TII, It took me quite a while of bouncing around to find it. I ended up bookmarking it, because the next time I went back, it took forever too! I believe through pacer, I had to search through the court link, under that court. Try the link below, click on appellate, party Lew, Jacob, scroll down to 14-5243, click on that.
https://pcl.uscourts.gov/search
6/30 div payment from GSE's received by USTreasury
DAILY TREASURY STATEMENT PAGE: 1
Cash and debt operations of the United States Treasury
Tuesday, June 30, 2015
(Detail, rounded in millions, may not add to totals)
___________________________________________________________________________________________
TABLE I Operating Cash Balance
___________________________________________________________________________________________
Opening balance
Closing ______________________________________
Type of account balance This This
today Today month fiscal
year
____________________________________________________________________________________________
Federal Reserve Account $ 254,340 $ 235,302 $ 198,947 $ 158,302
Supplementary Financing Program
Account 0 0 0 0
Short-Term Cash Investments (Table V) 0 0 0 0
Total Operating Balance $ 254,340 $ 235,302 $ 198,947 $ 158,302
1 DAILY TREASURY STATEMENT PAGE: 2
Cash and debt operations of the United States Treasury
Tuesday, June 30, 2015
(Detail, rounded in millions, may not add to totals)
___________________________________________________________________________________________
TABLE II Deposits and Withdrawals of Operating Cash
___________________________________________________________________________________________
This Fiscal
Deposits Today month year
to date to date
____________________________________________________________________________________________
Federal Reserve Account:
Agriculture Loan Repayments (misc) $ 342 $ 1,551 $ 8,502
Air Transport Security Fees 255 325 2,709
Cash FTD's Received (Table IV) 4,626 265,203 2,044,061
Commodity Credit Corporation programs 20 177 2,603
Customs and Certain Excise Taxes 86 3,779 33,788
Deposits by States:
Supplemental Security Income 12 574 2,760
Unemployment 17 387 34,718
Education Department programs 352 4,529 39,341
Energy Department programs 29 518 5,434
Estate and Gift Taxes 22 1,231 14,853
Federal Reserve Earnings 0 8,021 68,831
Foreign Deposits, Military Sales 16 3,319 20,485
Housing and Urban Development programs 13 247 2,331
Individual Income and Employment
Taxes, Not Withheld 510 66,410 428,470
Interest recd from cash investments 0 0 0
Justice Department programs 16 1,028 17,477
Postal Service 409 7,358 67,550
Public Debt Cash Issues (Table III-B) 96,991 644,185 5,452,940
Other Deposits:
Deposit Insurance Fund 2,398 2,483 12,601
Export-Import Bank 74 553 2,250
Federal Housing Admin: Note Sales 62 1,834 15,617
GSE Dividends 2,541 2,541 12,097
Gas and Oil Lease Sales Proceeds 63 347 587
International Monetary Fund 238 1,433 12,037
Medicare Premiums 51 2,192 29,213
Minerals Management Svc/Collections 533 997 6,607
Thrift Savings Plan Transfer 410 2,747 27,795
Total Other Deposits 6,371 15,614 169,946
Change in Balance of Uncollected
Funds 0 0 0
Transfers from Depositaries 0 0 0
Total Federal Reserve Account 110,088 1,024,454 8,416,800
Short-Term Cash Investments:
Transfers from Federal Reserve Account
(Table V) 0 0 0
Total Deposits (excluding transfers) $ 110,088 $ 1,024,454 $ 8,416,800
1 DAILY TREASURY STATEMENT PAGE: 3
Cash and debt operations of the United States Treasury
Tuesday, June 30, 2015
(Detail, rounded in millions, may not add to totals)
___________________________________________________________________________________________
This Fiscal
Withdrawals Today month year
to date to date
____________________________________________________________________________________________
Federal Reserve Account:
Commodity Credit Corporation programs $ 10 $ 327 $ 12,318
Defense Vendor Payments (EFT) 1,507 26,554 221,123
Education Department programs 577 11,162 134,327
Energy Department programs 270 2,813 24,278
Federal Employees Insurance Payments 272 6,290 57,404
Fed. Highway Administration programs 74 4,285 27,171
Federal Salaries (EFT) 96 13,040 122,220
Food and Nutrition Service (misc) 143 2,847 23,632
GSA programs 97 1,623 13,488
Health and Human Services Grants (misc) 560 8,250 70,225
Housing and Urban Development programs 166 6,147 55,060
Interest on Treasury Securities 6,664 13,353 171,165
IRS Tax Refunds Business (EFT) 56 1,647 20,573
IRS Tax Refunds Individual (EFT) 59 2,810 243,697
Justice Department programs 11 1,194 11,057
Labor Dept. prgms (excl. unemployment) 51 1,091 10,754
Medicaid 515 30,248 257,087
Medicare and Other CMS Payments 1,377 32,252 290,280
Medicare Advantage - Part C&D Payments 0 18,847 175,746
Marketplace Payments 0 2,467 20,272
NASA programs 0 1,894 12,739
Postal Service Money Orders and Other 352 3,320 29,686
Public Debt Cash Redemp. (Table III-B) 76,020 636,242 5,047,739
Social Security Benefits (EFT) 1 66,956 594,380
Supple. Nutrition Assist. Program (SNAP) 111 6,181 55,380
Temporary Assistance for Needy
Families (HHS) 113 1,617 10,964
Transportation Security Admin. (DHS) 3 241 1,694
Unemployment Insurance Benefits 194 2,547 25,820
Veterans Affairs programs 169 4,253 39,908
Other Withdrawals:
Agriculture 62 1,008 9,318
Deposit Insurance Fund 214 267 4,399
Federal Transit Admin. 96 1,031 8,190
International Monetary Fund 319 849 4,343
Pension Benefit Guaranty Corp. 465 494 4,459
Unclassified 424 21,372 204,784
Total, Other Withdrawals 1,580 58,564 540,577
Transfers to Depositaries 0 0 0
Total Federal Reserve Account 91,050 969,061 8,320,761
Short-Term Cash Investments:
Transfers to Federal Reserve Account
(Table V) 0 0 0
Total Withdrawals (excluding transfers) $ 91,050 $ 969,061 $ 8,320,761
Net Change in Operating Cash Balance $ 19,038 $ 55,393 $ 96,038
1 DAILY TREASURY STATEMENT PAGE: 4
Cash and debt operations of the United States Treasury
Tuesday, June 30, 2015
(Detail, rounded in millions, may not add to totals)
___________________________________________________________________________________________
TABLE III-A Public Debt Transactions
___________________________________________________________________________________________
This Fiscal
Issues Today month year
to date to date
____________________________________________________________________________________________
Marketable:
Bills:
Regular Series $ 0 $ 336,998 $ 3,577,903
Cash Management Series 0 30,000 30,000
Notes 90,000 237,994 1,448,578
Bonds 7,000 20,000 149,376
Inflation-Protected Securities Increment 101 2,600 -6,909
Federal Financing Bank 0 0 0
Nonmarketable:
United States Savings Securities:
Cash Issue Price 2 38 631
Interest Increment 1 437 4,548
Government Account Series 483,929 3,434,739 45,537,334
Hope Bonds 0 0 0
Domestic Series 0 0 0
Foreign Series 0 0 0
State and Local Series 0 804 66,140
Other 877 20,456 184,529
Total Issues $ 581,910 $ 4,084,068 $ 50,992,132
(Stated at face value except for savings and retirement plan
securities which are stated at current redemption values.)
___________________________________________________________________________________________
This Fiscal
Redemptions Today month year
to date to date
____________________________________________________________________________________________
Marketable:
Bills $ 0 $ 418,965 $ 3,623,891
Notes 74,132 184,255 1,146,359
Bonds 0 0 10,520
Federal Financing Bank 1,297 1,297 1,297
Nonmarketable:
United States Savings Securities 38 854 7,961
Government Account Series 505,266 3,447,383 45,614,925
Hope Bonds 0 0 0
Domestic Series 0 0 0
Foreign Series 0 0 2,721
State and Local Series 976 11,724 72,040
Other 874 20,444 184,492
Total Redemptions $ 582,583 $ 4,084,922 $ 50,664,206
Net Change in Public Debt Outstanding $ -673 $ -854 $ 327,926
1 DAILY TREASURY STATEMENT PAGE: 5
Cash and debt operations of the United States Treasury
Tuesday, June 30, 2015
(Detail, rounded in millions, may not add to totals)
___________________________________________________________________________________________
TABLE III-B Adjustment of Public Debt Transactions to Cash Basis
___________________________________________________________________________________________
This Fiscal
Transactions Today month year
to date to date
____________________________________________________________________________________________
Public Debt Cash Issues:
Public Debt Issues (Table III-A) $ 581,910 $ 4,084,068 $ 50,992,132
Premium on New Issues 0 0 4,067
Discount on New Issues:
Bills (-) 0 117 1,048
Bonds and Notes (-) 917 2,019 7,428
Federal Financing Bank (-) 0 0 0
Government Account Transactions (-) 483,929 3,434,739 45,537,334
Hope Bonds (-) 0 0 0
Interest Increment on United States
Savings Securities (-) 1 437 4,548
Inflation-Protected Securities Increment 71 2,571 -7,099
Total Public Debt Cash Issues
Deposited in Federal Reserve Account $ 96,991 $ 644,185 $ 5,452,940
Public Debt Cash Redemptions:
Public Debt Redemptions (Table III-A) $ 582,583 $ 4,084,922 $ 50,664,206
Premium on Debt Buyback Operation 0 0 1
Discount on Debt Buyback Operation (-) 0 0 0
Federal Financing Bank (-) 1,297 1,297 1,297
Government Account Transactions (-) 505,266 3,447,383 45,615,171
Hope Bonds (-) 0 0 0
Total Public Debt Cash Redemptions
Withdrawn from Federal Reserve Acct. $ 76,020 $ 636,242 $ 5,047,739
1 DAILY TREASURY STATEMENT PAGE: 6
Cash and debt operations of the United States Treasury
Tuesday, June 30, 2015
(Detail, rounded in millions, may not add to totals)
___________________________________________________________________________________________
TABLE III-C Debt Subject to Limit
___________________________________________________________________________________________
Opening balance
Closing ______________________________________
Balance Transactions balance This This
today Today month fiscal
year
____________________________________________________________________________________________
Debt Held by the Public $ 13,076,414 $ 13,070,836 $ 13,052,706 $ 12,784,971
Intragovernmental Holdings 5,075,583 5,081,835 5,100,145 5,039,100
Total Public Debt
Outstanding 18,151,998 18,152,670 18,152,852 17,824,071
Less: Debt Not
Subject to Limit:
Other Debt 484 484 484 484
Unamortized Discount 25,730 25,106 25,287 28,374
Federal Financing Bank 12,315 13,612 13,612 13,612
Hope Bonds 494 494 494 494
Plus: Other Debt Subject to Limit
Guaranteed Debt of
Government Agencies 0 0 0 0
Total Public Debt
Subject to Limit $ 18,112,975 $ 18,112,975 $ 18,112,975 $ 17,781,107
Statutory Debt Limit $ 18,113,000 $ 18,113,000 $ 18,113,000 *
*Statutory debt limit temporarily suspended through March 15, 2015.
As of March 16, 2015 the debt limit was increased to $18,113,000,080,959.35.
Unamortized Discount represents the discount adjustment on Treasury bills and zero-coupon
bonds.
1 DAILY TREASURY STATEMENT PAGE: 7
Cash and debt operations of the United States Treasury
Tuesday, June 30, 2015
(Detail, rounded in millions, may not add to totals)
___________________________________________________________________________________________
TABLE IV Federal Tax Deposits
___________________________________________________________________________________________
This Fiscal
Classification Today month year
to date to date
____________________________________________________________________________________________
Withheld Income and Employment Taxes $ 4,314 $ 180,040 $ 1,663,724
Individual Income Taxes 94 10,296 88,191
Railroad Retirement Taxes 19 560 4,893
Excise Taxes 54 6,849 59,843
Corporation Income Taxes 177 74,922 286,666
Federal Unemployment Taxes 4 64 8,273
Estate and Gift Taxes & Misc IRS Rcpts. 1 93 1,273
Total $ 4,662 $ 272,824 $ 2,112,864
Cash Federal Tax Deposits:
Direct $ 108 $ 2,916 $ 25,828
Through Depositaries 4,519 262,287 2,018,234
Total Cash FTD's $ 4,626 $ 265,203 $ 2,044,061
Inter-agency Transfers 36 7,620 68,802
Total $ 4,662 $ 272,824 $ 2,112,864
___________________________________________________________________________________________
TABLE V Short-Term Cash Investments
___________________________________________________________________________________________
Type of Depositary
Balance Transactions ______________________________________ Total
A B C
____________________________________________________________________________________________
Opening Balance Today $ 0 $ 0 $ 0 $ 0
Deposits:
Transfers to Depositaries 0 0 0 0
Special Direct Investment 0 0 0 0
Term Investment 0 0 0 0
Repo Investment 0 0 0 0
Withdrawals:
Treasury Initiated 0 0 0 0
Depositary Initiated 0 0 0 0
Special Direct Investment 0 0 0 0
Term Investment 0 0 0 0
Repo Investment 0 0 0 0
Closing Balance Today $ 0 $ 0 $ 0 $ 0
1 DAILY TREASURY STATEMENT PAGE: 8
Cash and debt operations of the United States Treasury
Tuesday, June 30, 2015
(Detail, rounded in millions, may not add to totals)
___________________________________________________________________________________________
TABLE VI Income Tax Refunds Issued
___________________________________________________________________________________________
This Fiscal
Classification Today month year
to date to date
____________________________________________________________________________________________
IRS Tax Refunds Business (Checks) $ 371 $ 2,568 $ 29,343
IRS Tax Refunds Business (EFT) 56 1,647 20,573
IRS Tax Refunds Individual (Checks) 74 1/ 3,997 1/ 57,197
IRS Tax Refunds Individual (EFT) 59 1/ 2,810 1/ 243,697
1/Does not include $129 million offset by Fiscal Service for the month of June 2015 and
$5,563 million for the fiscal year-to-date for the Treasury Offset Program against Tax
Refunds issued.
This statement summarizes the United States Treasury's cash and debt
operations for the Federal Government. Treasury's operating cash is maintained
in an account at the Federal Reserve Bank of New York and in short-term cash
investments. Treasury minimized and then suspended its short-term cash
investment program beginning in November 2008, but anticipates investing again
when market conditions warrant. Major information sources include: Federal
Reserve Banks, Treasury Regional Financial Centers, Internal Revenue Service
Centers, various electronic systems, and information on the Public Debt.
Information is presented on a modified cash basis. Deposits are reflected as
received and withdrawals are reflected as processed.
SOURCE: Bureau of the Fiscal Service, Department of the Treasury. Note: The
Daily Treasury Statement (DTS) is available by 4:00 p.m. the following business
day on the Fiscal Service website www.fms.treas.gov/dts. For more information,
call the Cash Forecasting Division at 202-874-9789.
06/30/2015 NOTICE filed by Timothy Howard of intention to participate as amicus curiae.
07/01/2015 Open Document ENTRY OF APPEARANCE [1560392] filed by Gerard Sinzdak on behalf of Appellees Jacob J. Lew and TREA in 14-5243, Appellee TREA in 14-5254, 14-5260, 14-5262. [14-5243, 14-5254, 14-5260, 14-5262] (Sinzdak, Gerard)
NOTICE OF INTENT TO FILE BRIEF AMICUS CURIAE IN SUPPORT OF APPELLANTS
Pursuant to D.C. Circuit Rule 29(b), Timothy Howard, the former chief financial officer of the Federal National Mortgage Association (a.k.a. Fannie Mae), hereby notifies this Court of his intent to file a brief amicus curiae in support of Appellants in this matter. All parties have consented to such participation.
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Marketwired NuGene International, Inc.
2 hours ago
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LovelySkin.com is a premier dermatologist-owned and operated beauty website serving hundreds of thousands of customers. Under the direction of award-winning board-certified dermatologist and cosmetic surgeon, Joel Schlessinger M.D., LovelySkin is an exclusive cosmeceutical store that has been featured in multiple publications including Women's Wear Daily. The website offers professional-grade skin care formulas as well as spa-quality and salon-quality products.
"I am delighted to carry NuGene as I have followed their products intently for some time now. The concept of adipose stem cells leading to regeneration of collagen and other fibroblasts has intrigued me for years. NuGene's formulation eliminates much of the risk found in other growth factor products while leading to a renewal of our skins' natural innate resources. Use of these products is a simple way to rejuvenate our skin in combination with other actives such as antioxidants. Moreover, the team at NuGene is phenomenal. I am truly honored to be a part of their family," stated Dr. Schlessinger when announcing the inclusion of the NuGene product line into his top rated portal.
Joel Schlessinger M.D. is the editor-in-chief, Cosmetic Surgery, for Practical Dermatology and the founder of Cosmetic Surgery Forum, a multi-specialty educational symposium that covers the latest research, treatment and techniques in dermatology and cosmetic surgery. Dr. Schlessinger has been consistently voted the best cosmetic surgeon and dermatologist in Omaha, Nebraska (now 16 years in a row the winner of the best cosmetic surgeon in Omaha and best dermatologist) and one of America's Top Docs, US News Best Doctors and Best Doctors in America (both dermatology and pediatric dermatology) as well as an Elle Beauty Genius award winner.
In addition to an interest in cosmeceuticals and cosmetic surgery, Dr. Schlessinger operates a clinical trials unit (Advanced Skin Research Center), which reports having performed over 300 trials in 22 years, including trials of Dysport, Evolus and Xeomin (new forms of botulinum toxin), trials of Kybella, Liposonix, Revance topical botulinum toxin and over 10 new compounds for psoriasis.
"We are excited to have our NuGene Skincare products available at LovelySkin.com, one of the nation's leading skincare destinations. We believe our NuGene products are revolutionary as NuGene is unlike anything else on the market today. Aging, sun damage, lines and wrinkles are beautifully addressed by our collection. We thank LovelySkin.com for joining us in offering the greatest innovation in skincare to you," said Kathy Ireland, Chair, CEO and Chief Designer for Kathy Ireland Worldwide.
"We are honored and excited by Dr. Schlessinger's selection of our product line," said Fady Elias M.D., NuGene's Director of Professional Business Development. "His endorsement of our products further advances our emerging leadership in this growing industry."
About NuGene International, Inc.
NuGene International, Inc. specializes in developing, manufacturing and marketing proprietary regenerative cosmeceutical and pharmaceutical products based on adipose derived human stem cell and human stem cell media. The US Department of Health and Human Services calls regenerative medicine the "next evolution of medical treatments." The regenerative medical market which includes cosmeceuticals and pharmaceuticals was estimated at $7.2 Billion in the US in 2014 and is expected to rapidly grow in the coming years according to RNCOS Business Consultancy Services Global Cosmeceuticals Market report. NuGene's cosmeceutical and pharmaceutical products are based on proprietary stem cell based regenerative formulations derived from non-controversial, adult human stem cell derived media obtained from adipose tissue. NuGene's exclusive products combine its in-house advancements, proprietary technologies, and patent pending formulations. NuGene's goal is to leverage its knowledge and expertise to develop age defying cosmeceutical skincare and hair care products in addition to pharmaceutical products based on the same regenerative science platform.
Forward-Looking Statements
This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the possibility that some or all of the matters and transactions considered by NuGene International may not proceed as contemplated, and by all other matters and assumptions specified in NuGene's filings with the Securities and Exchange Commission, especially those risks and other matters described under "Risk Factors" within NuGene's Form 10-Q filed with the Commission on May 15, 2015. These statements are made based upon current expectations that are subject to risk and uncertainty. NuGene does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information.
Contact:
Investor/ Media Relations:
Jay Goth
951.704.6792
http://finance.yahoo.com/news/one-worlds-largest-dermatologist-owned-110500777.html?.tsrc=applewf
Good point, that would be consistent with the defendants' track record so far!
It's a good question, because it's probably not in that doc. There's so much out there, and it's easier for people like myself to follow along with the dates! :)
mikoli007, response due 7/17
06/30/2015 MOTION to Intervene And For Order De-Designating Discovery Materials, filed by The New York Times Company.Response due by 7/17/2015.(McCraw, David)
so true!
You're right, each congressperson should have to give an answer, stop the sweep or no? Pretty simple.
Wow!! Now it's getting good!! Keep it coming, the people need to know!!
You'll be able to verify for yourself after 4pm Jul 1st. Payment out today, shows on statement after 4pm, next business day. There will probably be articles giving the inside scoop in the meantime! :)
Thanks, I'm easily confused these days! :) I think Fnma, Fmcc are going to take a turn when we least expect it. Keeping an eye on court proceedings. GLTA
Same picture as Zeph. Is this Zeph with a name change or someone else? Sorry, I've been out of the loop for a while. :)
It's probably a good idea, like you said, to print anything they have said pertaining to that point. I'm still annoyed that the response came from the "acting assistant secretary for legislative affairs," not Lew himself. :)
She'll be impressed that you are impressed.
In this article, Joe Light, the author, summarizes with the word investment. If you tap on the link for the letter from the Treasury, they say not a one-time loan, an ongoing financial commitment. Lew might have said investment somewhere else. Just wondering if you what you were thinking of was from this article.
http://www.wsj.com/articles/BL-DVB-22766
@LovelySkin: @NuGene_NUGN @kathyireland Thank you! We are so excited to have @NuGene_NUGN at LovelySkin. We can't wait to tell our customers!
Interesting list of witnesses here
THE ROLE OF THE FINANCIAL STABILITY BOARD IN THE U.S. REGULATORY FRAMEWORK
Wednesday, July 8, 2015
10:00 AM - 12:00 PM
538 Dirksen Senate Office Building
The COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing entitled “The Role of the Financial Stability Board in the U.S. Regulatory Framework.” The witnesses will be: The Honorable Dirk Kempthorne, President and CEO, American Council of Life Insurers (ACLI); Mr. Eugene Scalia, Partner, Gibson, Dunn & Crutcher; Mr. Paul Schott Stevens, President and CEO, Investment Company Institute (ICI); and The Honorable Peter J. Wallison, Arthur F. Burns Fellow in Policy Studies, American Enterprise Institute (AEI). Additional witnesses may be announced at a later date.
All hearings are webcast live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.
Add To My Calendar (vCal)
Witnesses
Panel 1
The Honorable Dirk Kempthorne
President and CEO
American Council of Life Insurers (ACLI)
Mr. Eugene Scalia
Partner
Gibson, Dunn, & Crutcher
Mr. Paul Schott Stevens
President and CEO
Investment Company Institute
The Honorable Peter Wallison
Arthur F. Burns Fellow in Financial Policy Studies
American Enterprise Institute (AEI)
06/29/2015 ORDER granting 175 Motion for Extension of Time to File Response to 162 Motion to Remove the "Protected Information" Designation from Certain Depositions. Defendant's response due by 7/13/15. Signed by Judge Margaret M. Sweeney. (ta) Copy to parties.
I was interested after hearing a top microcap stock researcher's opinion. He did the DD. I'm just riding along. A stock is a stock though. It can go either way! I like what I've seen so far.