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e European Utilities
document IMAGES-007-HOUSE_OVERSIGHT_024210.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Global Utility White Paper CONFIDENTIAL e European Utilities We believe European utilities have the potential not only for the strongest outperformance but also for the greatest alpha generation. Since the financial crisis, European utility earnings have declined approximately...

profit when reporting income of proprietorships. I would rather trust an expert in
document IMAGES-001-HOUSE_OVERSIGHT_011142.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

profit when reporting income of proprietorships. I would rather trust an expert in national accounts to tease them apart, and to judge whatever pay should be imputed to people in the household sector not literally employed. The Level Payment Mortgage (A2.5) gives V(x)=F [F@ero...

For employment gains, USA Inc. should minimize tax and regulatory uncertainties and
document IMAGES-006-HOUSE_OVERSIGHT_020840.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

For employment gains, USA Inc. should minimize tax and regulatory uncertainties and encourage businesses to add workers. While hiring and R&D-related tax credits may add to near-term deficits, over time, they should drive job and GDP growth. Immigration reform could also help: A...

Chart 3: EM debt and equity have been hit Chart 4: While Banks versus Staples has gone ballistic
document IMAGES-002-HOUSE_OVERSIGHT_014436.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Chart 3: EM debt and equity have been hit Chart 4: While Banks versus Staples has gone ballistic 950 r 40 0.43 ——MSCI EM _ 900 SSW eG TRS EN LSI SEE ERG ; , ———S&P 500 Banks relative to Food & Bev 0.39 (RHS) 850 0.37 0.35 800 0.33 750 0.31 700 0.29 0.27 650 0.25 Oo Oo Wo Oo Oo Ob...

Fwd: Fw: Epstein -- | apologize if you have received this but it keeps coming back to me as undelive
email IMAGES-010-HOUSE_OVERSIGHT_030311.txt Feb 26, 2010 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Jeffrey Epstein [[email protected]] Sent: 2/26/2010 6:37:49 PM To: Robert D. Critton Jr. i: Jessica Cadwell Subject: Fwd: Fw: Epstein -- | apologize if you have received this but it keeps coming back to me as undeliverable ---------- Forwarded message ---------- From...

Fwd: production: 16db-stocks published
email IMAGES-012-HOUSE_OVERSIGHT_032485.txt Feb 15, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Landon Thomas J. iii Sent: 2/16/2017 1:36:00 AM To: [email protected] Subject: Fwd: production: 16db-stocks published Importance: — High Channeling you! Maybe even the big guy gives it a read. What? This? From the failing NYT? Sent from my iPhone Begin forwarded mes...

Pandora (BUY, $9 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014916.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Pandora (BUY, $9 PO) Stock view: Focus on on-demand product, but questions on growth Pandora’s recently launched on-demand subscription product will likely be the focus of 1Q investor call. Although the product is on limited release, we expect investor to focus on initial recep...

We use an equal weighted, three-factor valuation framework (P/E, P/TBV, DCF) to arrive
document IMAGES-002-HOUSE_OVERSIGHT_014387.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

We use an equal weighted, three-factor valuation framework (P/E, P/TBV, DCF) to arrive at our PO of $14. We assigned a 1.2x multiple to 2Q17E TBV and a 12x multiple on 2017E EPS, with lower PTBV/PE multiple than peers assigned due to the higher perceived risk of their lending mod...

How did they get by? They used the easy credit of the banking system, thereby feeding
document IMAGES-010-HOUSE_OVERSIGHT_029668.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

How did they get by? They used the easy credit of the banking system, thereby feeding the frenzy that ended in bad loans and meltdown. Keating's book has an abiding message for Australia: in the transformed world we "will find ourselves increasingly on our own" having to master...

growth, and, in the event, the 10OY UST yield at 2.34% would not seem too
document IMAGES-009-HOUSE_OVERSIGHT_026641.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

growth, and, in the event, the 10OY UST yield at 2.34% would not seem too high. The dollar will continue to smile. Previously, we made the suggestion that the US dollar is on the right side of the Dollar Smile against the majors, but it is on the left side of the Dollar Smile ag...

Fwd: Valuation Discount
email IMAGES-007-HOUSE_OVERSIGHT_023321.txt May 1, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

you , I find it very distasteful. . soto be clear , my terms are as follows. I will only work for the usual 40 million per year. It needs to be paid, 25 million upon signing an agreement. 5 million every 2 months thereafter for 6 months ie march may june . this can begin ifiam ab...

08/06/03 Strangi [il — the Tax Court thumps taxpayer in Texas FLP case 2003-14
document IMAGES-006-HOUSE_OVERSIGHT_022338.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

08/06/03 Strangi [il — the Tax Court thumps taxpayer in Texas FLP case 2003-14 07/23/03 7" Circuit upholds IRS win in Hack/: no annual exclusion for gifts of LLC interests 2003-13 07/01/03 New York’s “tax traps” regarding the estate tax, GST and non-residents 2003-12 06/16/03 Mo...

given electoral clout to the movement’s intellectual and constitutional
document IMAGES-007-HOUSE_OVERSIGHT_023484.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

2] given electoral clout to the movement’s intellectual and constitutional arguments. Arthur Brooks, president of the American Enterprise Institute, the conservative research organization, said, “The optimistic view is that we have a confluence of the business cycle, of the dem...

Fwd: Valuation Discount
email IMAGES-007-HOUSE_OVERSIGHT_023241.txt May 1, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

hope you understand that it now will have to be under my standard terms and conditions. and well documented so as to avoid any more of the he said she said. I never want to have any more uncomfortable money moments with you , I find it very distasteful. . so to be clear , my term...