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November 21, 2011
document TEXT-001-HOUSE_OVERSIGHT_030814.txt Nov 21, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

November 21, 2011 Topic: The quixotic search for energy solutions Another Don Quixote Thanksgiving. Every year at Thanksgiving 1 , we look in-depth at an issue that affects markets and portfolios. Last year, we examined the unraveling situation in Europe. Unfortunately, most con...

Mitch Daniels **1¢% President, Purdue University. Governor, State of
document IMAGES-004-HOUSE_OVERSIGHT_017576.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

*Mitch Daniels **1¢% President, Purdue University. Governor, State of Indiana (2005-2013). Fmr Director, Office of Management and Budget (2001-2003). * *Lanny Davis*-- FmrSpecial Counsel to the President Cunder Clinton).Author of Scandal and The Emerging Democratic Majority. *K...

recent price action for individual assets. However, the fact that we have had multiple
document IMAGES-003-HOUSE_OVERSIGHT_014481.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

recent price action for individual assets. However, the fact that we have had multiple signals across a range of sectors and macro prices is typically a warning that markets have moved too far too fast in a more general sense. The last comparable episode was in early July in the...

Edited by Yelena Maltser • [email protected]
document TEXT-001-HOUSE_OVERSIGHT_019856.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Edited by Yelena Maltser • [email protected] MARCH 2017 SUPREME COURT REJECTS NEWMAN REQUIREMENT OF “PECUNIARY OR SIMILARLY VALUABLE” PERSONAL BENEFIT FOR INSIDER TRADING LIABILITY FOR TIPPING FAMILY AND FRIENDS BY SAMUEL J. LIEBERMAN The U.S. Supreme Court gave the governm...

it, and a Long Island mansion
document IMAGES-006-HOUSE_OVERSIGHT_021971.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

TERSON it, and a Long Island mansion an apartment. He'd also briefly e New York Post. ‘g had been taking money from rious investors. It was a classic st in history —and Hoffenberg 's in a federal prison. ted in the case? All that Hoffen- : Robert Gold.” - Gold, the former fe...

Overall, we find it hard to argue that sectors haven’t moved a long way already from a
document IMAGES-003-HOUSE_OVERSIGHT_014483.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Overall, we find it hard to argue that sectors haven’t moved a long way already from a valuation perspective, even against the context of potentially important inflection points in bond yields and earnings. From here we suspect investors may need to more selective in how they pla...

This is a little unorthodox, but here is the text of an internal note that I just sent to our integr
document TEXT-001-HOUSE_OVERSIGHT_025229.txt Aug 4, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

August 4, 2011 Today This is a little unorthodox, but here is the text of an internal note that I just sent to our integrated Private Bank client coverage teams a few moments ago. Mary thought it would be a good idea to share this with our clients given the events of the day. “H...

Debt Level: Why Will It Continue to Rise?
document IMAGES-006-HOUSE_OVERSIGHT_020919.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Debt Level: Why Will It Continue to Rise? Answer Part 1: Notional Social Security “Trust Fund” Surpluses Likely Turning Into Deficits Owing to Aging Population Social Security Cumulative Real Operating Surpluses / Deficits, 1982-2037E Cumulative Surpluses Projected Cumulative...

up foreign fun faster than having to sign original documents when faxes are unacceptable
document IMAGES-002-HOUSE_OVERSIGHT_013968.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

up foreign fun faster than having to sign original documents when faxes are unacceptable. > One month out— Speak to the manager of your local post office and have all mail forwarded to a friend, family member, or personal assistant,2who will be paid $100-200 per month to e-mail...

bs www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 345
document IMAGES-006-HOUSE_OVERSIGHT_021014.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…nment headcount (ex. military) grew by 56,000 (or 2%) in 2008 and another 107,000 (or 3%) in 2009, while private sector unemployment rose to 10% from 5% in 2007 and private sector headcount fell 1% in 2008 and 6% in 2009. “DI . Source: Census Bureau, Bureau of Economic Analysis....

(-$273B Net Loss*)
document IMAGES-006-HOUSE_OVERSIGHT_020914.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Entitlement Spending Medicaid (-$273B Net Loss*) Medicare (-$272B Net Loss*") Unemployment Benefits (-$115B Net Loss*) Social Security (-$75B Net Loss*') Rising Debt Level & Interest Payments Effective Interest Rates (2.2%) Debt Composition Periodic Large One-Time Charges...

President Obama and Self-deception
document IMAGES-010-HOUSE_OVERSIGHT_029448.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…oney at once, giving a multiplier effect. Likewise, infrastructure was badly in need of repair and this costs less when unemployment is high, and also increases employment, again with a multiplier effect. HOUSE_OVERSIGHT_029448

Population and Employment
document IMAGES-005-HOUSE_OVERSIGHT_018821.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ra ennai, 2.0% 25,000 i + 0.0% 2007 2008 2009 2010 2011 2012 2013 2014 T T T === Population Civilian employment == Unemployment Rate Industry 11 The territory relies heavily on tourism for economic stability. Additional industries include the production and export of rum;...

Price stability can matter. The United States has managed to avoid double-digit
document IMAGES-001-HOUSE_OVERSIGHT_011107.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…executive branch, or an independent agency like the Fed, is given standing limited authority to diagnose early signs of unemployment, and to address them with tax cuts or spending. And there must be enough outside lag to make sure that the medicine has good prospects in rate of...