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$20c455136b0", "classification": "image", "dimensions": {"height":144,"width":978},"filesiz
document IMAGES-009-HOUSE_OVERSIGHT_028452.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…- 45":{"fontAttributes": {"weightLabel":"bolder"}, "fontName": "NYTFranklin- Bold", "identifier":" anf-ts-45"}, "photo-credit": {"fontName"™:"NYTCheltenhamSH- Regular", "fontSize":12, "identifier": "photo-credit", "textColor™:"#999999"}, "pub- dt": {"fontName": "NYTCheltenhamS...

With regard to growth in the energy book management expects balances to stay
document IMAGES-002-HOUSE_OVERSIGHT_014344.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…e to 2016? 50% AT% 45% 40% 35% 30% 29% 20% 15% 10% 5% 0% 16% Lower, given the stabilization Flat-to-higher, given credit Uncertain, as volatility in oil in oil prices which should lead normalization in the rest of the prices could lead to an to reserve reversals book elevat...

proved ineffective in hiding him from U.S. intelligence and presum
document IMAGES-005-HOUSE_OVERSIGHT_019499.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…e of him during the period between May 20, when he passed through Hong Kong customs, and June 1, when he first used his credit card and passport to check into the Mira hotel. Other than those transac- tions, they could not find any credit card charges, ATM withdrawals, telephone...

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...

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)

…alified dividends and the new tax rates 2003-11 06/06/03 JGTRRA: lower rates, qualified dividends, increased child tax credit; marriage penalty 2003-10 relief; increased AMT exemption; chart with phase-outs of the AMT exemption amounts 05/16/03 Jobs and growth bill; trust’s inv...

Top 10 US Ideas Quarterly
document TEXT-001-HOUSE_OVERSIGHT_014622.txt Jan 3, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…P’s, changes in corporate tax rates have negligible impact given that substantial net operating losses and deferred tax credits means that cash taxes remain de minimis for the foreseeable future. Catalysts: News flow starts with an expected capex budget unchanged from 2016 at ~$2...

Power, Fortune and Survival in the Age of Networks
document TEXT-001-HOUSE_OVERSIGHT_018232.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… fairness up and down the social order. Broader literacy, the standardization of measurements or the birth of universal credit and currencies were all tools for spreading access. Museums, scientific congresses and industrial fairs helped turn sparks of theoretical knowledge into...

downturn in the local real estate markets affecting Franklin's construction loans and
document IMAGES-002-HOUSE_OVERSIGHT_014383.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

downturn in the local real estate markets affecting Franklin's construction loans and increasing credit costs via higher charge-offs and provisions, and 3) inability to effectively fund asset growth driving greater than expected compression in the net interest margin. Goldman Sa...

Emerging market bonds
document IMAGES-008-HOUSE_OVERSIGHT_025275.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…owth in the US would provide a favorable backdrop for EM fixed-income spreads. In such an environment, issuers of lower credit quality would likely fare better. Average spreads could tighten to below 240bps in such an environment. & Negative scenario EMBI Global/CEMBI spread tar...

image", "role":"photo", "type": "scalable image"}, {"identifier":" anf-caption
document IMAGES-009-HOUSE_OVERSIGHT_028456.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…le image"}, {"identifier":" anf-caption- 2","inlineTextStyles": [{"range":{"length":48,"start":0},"textstyle": "photo- credit"}],"layout":"default-caption", "role":"caption", "text":" Philip Fong/Agence France-Presse 4€" Getty Images ","type":"text"}],"identifier":" anf-containe...

Global Cross Asset Strategy —- Year Ahead Bankof America
document IMAGES-002-HOUSE_OVERSIGHT_014432.txt Nov 30, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…see higher growth and inflation, notably in Japan. We go long NKY, stay long EM sail — AX) & selective yield in equity/ credit. Te alboncOee leon « Risk is an overshoot so we stay long USD/ short rates, adding a CNH put and short See Team Page for Full List of Contributors 10Y r...

¢ Another topic which AB elaborated on was fees/pricing particularly in the US retail
document IMAGES-002-HOUSE_OVERSIGHT_014355.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ced tax complexity (64%), followed by more diversification in the business model (21%), and confidence in an attractive credit return outlook (14%). Investors were less concerned over the visibility on the distribution (0%). Chart 60: What would get you more interested in invest...

Table 1: Current cross asset trades
document IMAGES-002-HOUSE_OVERSIGHT_014433.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…10y real rates Shyam S.Rajan Paying 5y GBP real rate swap Mark Capleton Buy 30y US |G Industrial spreads Hans Mikkelsen Credit Buy basket of Euro AT1s Barnaby Martin Long Xover short Main loannis Angelakis Source: BofA Merrill Lynch Global Research. For the full methodology and...