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Cross-asset implications of repatriation
document IMAGES-007-HOUSE_OVERSIGHT_023080.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ed avg. of holdings from MSFT, CSCO, GOOG, INTC. Source: BofAML Global Research, company 10Q’s Source: Crane data, BofA Merrill Lynch Global Research Potential beneficiaries: See Table 20 for a screen of companies with high (>10%) overseas cash to market capitalization ratios wh...

Describe WE Talks, and why you believe it's different from other "empowerment series."
document TEXT-001-HOUSE_OVERSIGHT_022267.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Describe WE Talks, and why you believe it's different from other "empowerment series." WE Talks (“WE” standing for women empowerment) is an event series for female entrepreneurs and professionals organized on a monthly basis. The idea of WE Talks was to create an intimate envir...

326 | Notes to pages 252-280
document IMAGES-005-HOUSE_OVERSIGHT_019814.txt Jun 10, 2026 House Oversight Committee — Epstein Estate Records (Nov 2025)

326 | Notes to pages 252-280 CHAPTER 24 Off to Moscow 247 “They talk about Russia”: Bamford and De Chant, “Edward Snowden on Cyber Warfare.” 247 Before flying to Moscow: Stone, interview with author. 248 $1 million: Mike Fleming Jr, “Oliver Stone Buys Edward Snowden Russian...

According to one Aeroflot official, ordinarily all international pas
document IMAGES-005-HOUSE_OVERSIGHT_019596.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

108 | HOW AMERICA LOST ITS SECRETS According to one Aeroflot official, ordinarily all international pas- sengers are required to have a valid passport as well as a visa to the country of final destination. Snowden had neither a valid passport nor a visa. Still Snowden was able t...

before departing to Moscow, and Assange accommodated him by laying down a smoke screen of
document IMAGES-005-HOUSE_OVERSIGHT_020368.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

216 before departing to Moscow, and Assange accommodated him by laying down a smoke screen of decoy flights to facilitate his escape from Hong Kong and sending him a helper. Taken together, these actions show that Snowden was determined to succeed where others before him had fa...

reset button in this game. The best that the NSA could do now was damage control while its
document IMAGES-005-HOUSE_OVERSIGHT_020340.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

188 reset button in this game. The best that the NSA could do now was damage control while its adversaries took full advantage of the setback. Several hundred US and British intelligence officers worked around the clock in Washington DC, Fort Meade, Maryland and Cheltenham, Engl...

session because, to do so, would be revealing classified information he had swore to protect. No
document IMAGES-005-HOUSE_OVERSIGHT_020181.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

PA session because, to do so, would be revealing classified information he had swore to protect. No doubt other intelligence officers find themselves in a similar bind in discussing secret matters. This suggests that there is a risk in accepting statements made by the intelligen...

trailing Instagram and Facebook. Interestingly, after Snapchat passed Instagram in early
document IMAGES-003-HOUSE_OVERSIGHT_014921.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…94 325 337 322 357 318 Facebook 769 766 855 826 781 827 700 Twitter 143 149 139 114 108 128 110 Source: comScore, BofA Merrill Lynch Global Research Chart 14: Instagram vs Snapchat average monthly minutes per visitor 400 350 300 290 200 150 100 2/14 4/14 6/14 8/14 10/14 12/14...

Chart 86: Following last week’s GOP sweep, do you think regulatory relief is in the cards for
document IMAGES-002-HOUSE_OVERSIGHT_014373.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…egulatory burden to bank returns will be more gradual than what financial stocks are currently pricing in Source: BofA Merrill Lynch Global Research = CCAR a product of regulatory attitude: The panelists agreed that CCAR in its current form is not a result of legislation as pos...

Chart 76: Biggest risks to investing in a tech-based lending companies
document IMAGES-002-HOUSE_OVERSIGHT_014366.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ed credit Fragile funding model Uncertain regulatory competitive advantage model/risk backdrop management Source: BofA Merrill Lynch Global Research = Panelists agreed that flexible funding models that utilized both balance sheet lending and distribution of loans were important...

Chart 84: Now that we've defined “big data”, how far do you think financial institutions are at
document IMAGES-002-HOUSE_OVERSIGHT_014372.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…investment alpha / process efficiency, organization revenue growth risk management, regulatory compliance Source: BofA Merrill Lynch Global Research Chart 85: After this conversation, have you changed your mind on how financial institutions are adopting big data in their busin...

under the Blueprint (over eight years). The Tax Foundation similarly estimates that a
document IMAGES-007-HOUSE_OVERSIGHT_023075.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ll bein cash). *S&P ex. Fins. & Real Estate cash is as a % of total S&P 500 market cap Source: Bloomberg, FactSet, BofA Merrill Lynch US Equity & US Quant Strategy, BofA Merrill Lynch Global Research Repatriation in context: a look back at 2004 The last repatriation holiday in...

iQmethod™ Measures Definitions
document IMAGES-003-HOUSE_OVERSIGHT_014883.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… Other LT Liabilities EV/ EBITDA Enterprise Value Basic EBIT + Depreciation + Amortization iQnethod™is the set of BofA Merrill Lynch standard measures that serve to maintain global consistency under three broad headings: Business Performance, Quality of Earnings, and validations...

Under our base case, which assumes a rebound in oil prices towards $70 from 2020, we
document IMAGES-003-HOUSE_OVERSIGHT_014881.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…295 25,834 DACF 2,321 1,127 2,150 3,045 3,602 4291 9,132 Forward EV / DACF 23.3x 12.7x 9.3x 79x 6.5x 5.3x Source: BofA Merrill Lynch Global Research BofAML US 1 list The BofAML US1 list is a collection of the firm’s best investment ideas managed with the goal of providing supe...

No alpha from repatriation and multiples actually compressed
document IMAGES-007-HOUSE_OVERSIGHT_023077.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… U.S. Senate Permanent Subcommittee on Investigations survey (for Top 15 repatriating stacks), FactSet, Bloomberg, BofA Merrill Lynch US Equity & US Quant Strategy stacks), FactSet, BofA Merrill Lynch US Equity & US Quant Strategy Post-repatriation cash use: will this time be di...