My Troubled Assets

Timothy Geithner
Secretary
Department of the Treasury
Washington, DC

Dear Mr. Geithner:

I have learned of the Obama Administration plans to create "bad banks" to absorb toxic assets that are causing uncertainty in the financial sector. I herewith am enclosing a list of my troubled assets, including description, date acquired, and acquisition price (including any ongoing liabilities).

• Dow 36,000: How to Benefit from the Coming Boom in Stocks. 2/2000, $14.95

• 500 shares Pets.com 2/2000, $10,000

• Flipping Houses for Dummies. 2/2004, $24.95

• 3 units in Hide-a Wee Vacation Rental Condominiums, Coral Gables, Florida. 3/2004, $390,000

• The Bank Director’s Handbook: The Board Member’s Guide to Banking and Bank Management, 9/2004 $39.95

• 4 BR, 4 Bath Scarsdale estate on 1.5 acres. 11/2004, $3.5 million

• 1 membership in Westchester Golf Club. $12,000, 3/2005

• 1 bag Callaway Golf Clubs (great condition, 5 iron slightly dented, with blue paint traces). 7/2005, $6000

• Ashley DuPont (assistant golf pro, age 34, great condition). 8/2005, $18,000 (estimated value of gifts, dinners and secret vacations

• Structured Products and Related Credit Derivatives: An Investors Guide, 8/2006, $89.95

• 2007 Chevy Corvette Convertible, blue (damaged front hood) 10/2006, $55,000

• The Complete Guide to Protecting Your Financial Security When Getting a Divorce, 12/2006, $16.95

• Mrs. Gordon Blauvelt (Age 55, fair condition). Acquired 6/1983, divested 4/2007. Ongoing liabilities: $10,000 per month.

• Gordon Blauvelt III, skateboard artist, age 23. Acquired 6/1985, $836,000 (estimated, including 2 years drug rehabilitation and 0.5 years college).

• What Color is Your Parachute: A Practical Manual for Job Hunters and Career Changers, 11/2008 $19.95

• Basement studio apartment, unfurnished, Scarsdale, NY. 2/2009, $600/month.

• The Gift of Simplicity: Discover the Rewards of Simplifying Your Life. 2/2009, $16.95

I look forward to hearing the next steps in your acquisition of these assets, which will greatly increase my ability to participate in future lending.

Sincerely,

Gordon Blauvelt, Jr.
Scarsdale, NY