NEWSFLASH…..                                                                               9/27/10

Washington DC. –  In a 5-4 decision the Supreme Court upheld a lower court ruling that Productive Behavior Deficit Disorder treatment could not be used as grounds for exemption from any of the provisions of the landmark “Back to Work America” legislation that President Trumps signed in to law earlier this year.  The suit had been filed by a Cambridge MA couple, Andre and Melissa Mohammad-Swartz.  The Mohamad-Swartzs were claiming exemption from a court ordered placement in a Back to Work America Brigade, under contract to Farley’s Homegrown Fruits and Vegetables LLC of Miami FL, due to their diagnosis and medication for PBDD.  Farley’s Homegrown Fruits and Vegetables LLC (FHFC) operations include 71,000 acres of tomatoes, 9,000 acres of melons and 62,000 acres of mixed produce throughout Florida. The Mohamad-Swartzs have a combined student debt of $583,000 after they both received a PhD in Theoretical Psychology from eHarvard/Lite Univ. of Romulus MI.  When they failed to make the $6019/month loan payments they fell under the new debt statutes and were converted to Payment In Kind.  In response to the high court ruling, Labor Secretary Ann Coulter stated that “PIK has given millions of unemployed and underemployed student debtors the incentive and opportunity to make a meaningful contribution to their country while they enjoy the dignity of addressing their financial obligations.”  Simon H. Lagree, CEO of Park Avenue Financials LLC (PKAF), stated that “We are in constant communication with the Justice Department in effort to help as many unemployed debtors as possible.”  Park Avenue Financials LLC, A Wall Street firm that specializes in the new Personal Debt Obligations (PDO) investment instruments has lead the lobbing efforts to block any exemptions to the Back to Work America legislation. “This decision should clear uncertainties in the market and we expect the demand for PDOs to rise in the coming months” stated Jason McSneer of Goldman Sachs.  McSneer heads the PDO division of Goldman Sachs that bundles the Defaulted Student Loans (DSL) into marketable investment instruments.  “They can make their payments or they can pick tomatoes” added McSneer.