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document Credit Opinion History Tables for the securities referenced in this research report are available at http://pricecharts.baml.com House Oversight Committee — Epstein Estate Records (Nov 2025)

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ONE FERRY BUILDING, SUITE 255 SAN FRANCISCO, CA 94111 [email protected]
document TEXT-001-HOUSE_OVERSIGHT_024271.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

BLOCKCHAIN CAPITAL, LLC CCP II, LP OCTOBER 2015 ONE FERRY BUILDING, SUITE 255 SAN FRANCISCO, CA 94111 [email protected] 1 TECHNOLOGY THOUGHT-LEADERS ARE CONVINCED Bill Gates: “Bitcoin is be0er than currency…a technological tour de force.” Ben Bernanke “[Virtual Currenc...

Options Risk Statement
document IMAGES-008-HOUSE_OVERSIGHT_026001.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Options Risk Statement Potential Risk at Expiry & Options Limited Duration Risk Unlike owning or shorting a stock, employing any listed options strategy is by definition governed by a finite duration. The most severe risks associated with general options trading are total loss...

Government arrears to contractors could be significant
document IMAGES-003-HOUSE_OVERSIGHT_016139.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Government arrears to contractors could be significant We estimate the range of unpaid capex for 2015 to be SAR23bn-SAR100bn (US$6bn- USS$27bn or 1-4.3% of 2015 GDP). At the very minimum, unpaid capex could be around SAR23bn. This is the amount of additional loans taken out by c...

3 risks — reality vs hope, higher yields, politics
document IMAGES-002-HOUSE_OVERSIGHT_014428.txt Nov 14, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

3 risks — reality vs hope, higher yields, politics The biggest risk to our view is that actual US fiscal easing turns out to be minimal. But we believe the USD/JPY’s move will be quicker than whatever reality emerges in coming months. China’s unexpected RMB devaluation or any ex...

Attachments
email TEXT-001-HOUSE_OVERSIGHT_016413.txt Jan 15, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Sent: To: Subject: Attachments: Morris, Paul V 1/15/2019 4:44:33 PM jeffrey E. [[email protected]] Opportunity Zones image001.jpg; image002.jpg; image003.jpg; image004.jpg Importance: High Hope all well, are you doing anything around these or clients? In a former wareho...

Zillow (Buy, $42 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014934.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Zillow (Buy, $42 PO) Stock view: controversy sounding the mortgage business While we still expect Zillow’s core business to have a solid quarter on product improvements, the self-serve platform, and its recent Seller Boost product, the controversy surrounding Zillow’s mortgage...

Snap (Neutral, $25 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014920.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Snap (Neutral, $25 PO) Stock view: Long-term potential, but near-term could be lumpy Snap will report its first earnings as a public company and expectations have a wide range. The 2H16 DAU slowdown has raised concerns in terms of both competitive risk and execution, so user tr...

Alphabet (Buy, $1,025 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014897.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Alphabet (Buy, $1,025 PO) Stock view: Expect solid 1Q revs., but loss of non-GAAP reconciliation a concern New concerns have been raised on the YouTube advertiser pullback, but with the cuts in spending surfacing primarily in the back half of March, we anticipate only modest imp...