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Preference: neutral
document IMAGES-008-HOUSE_OVERSIGHT_025262.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Eurozone equities Preference: neutral Euro Stoxx (24 Oct): 247 (last publication: 247) UBS View Euro Stoxx (6-month target): 249 ¢ We keep our neutral stance on Eurozone equities. While the sovereign debt crisis remains a risk factor (see slide 8), the conditional bond buying...

Cullen/Frost Bankers Inc (CFR)
document IMAGES-002-HOUSE_OVERSIGHT_014381.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Cullen/Frost Bankers Inc (CFR) To arrive at our $74 price objective, we employed a three-factor valuation methodology that incorporates target P/E, target P/TBV and a DCF model. For our P/E valuation, we apply a 15x earnings multiple on CFR's 2017E core earnings. For our P/TBV v...

Securities Act of 1933
document IMAGES-007-HOUSE_OVERSIGHT_024096.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ubscription is subject to a determination by counsel to the Fund that the subscription is in compliance with applicable federal and state laws and regulations. Investment Company Act of 1940 The Fund will not be registered as an investment company under the Investment Company A...

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)

…OM, Fiserv and First Data MARY CRANSTON | Director: VISA, ex-CEO and Chair of Pillsbury Winthrop TERRY SCHWAKOPF | EVP: Federal Reserve Bank of San Francisco, banking supervision MICHAEL MCADAM | CFO: Union Bank (Mitsubishi UFJ Financial Group) SIMON MCNAMARA | CTO: RBS, ex-CIO o...

Sultan Bin Sulayem
email TEXT-001-HOUSE_OVERSIGHT_025231.txt Aug 12, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…economy that's in the doldrums," Laffer said. "It's not a magic sauce, it's common sense. "You've got to get rid of all federal taxes in the extreme and replace them with a low-rate flat tax on business net sales, and on personal unadjusted gross income. That's number one. "Numbe...

From: Sultan Bin Sulayern [i
email IMAGES-008-HOUSE_OVERSIGHT_025231.txt Aug 12, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…conomy that’s in the doldrums,” Laffer said. “It’s not a magic sauce, it’s common sense. “You’ve got to get rid of all federal taxes in the extreme and replace them with a low-rate flat tax on business net sales, and on personal unadjusted gross income. That’s number one. “Numb...

o account the specific investment o
document IMAGES-002-HOUSE_OVERSIGHT_014458.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…h other trading ideas or recommendations are brought has contr I Lynch cl have not Lynch has establ insured by the Federal Deposi of America Corpora nclusion, or information con General Investment Related Disclosures: Taiwan Readers: Neither the information nor any | thi...

Overview of USA Inc.’s Key Financial Challenges
document IMAGES-006-HOUSE_OVERSIGHT_021064.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… * Reduce subsidies and tax expenditures & broaden tax base Growth Govemment ¢ Resume the 20-year trend line for lower Federal civilian employment 5 oe oe * Implement more flexible compensation systems Inefficiencies ‘ : : . * Consolidate / selectively local outsource certain fu...

Originally published in Business Entities, July/August 2009. Reprinted with permission of Thomson Re
document IMAGES-009-HOUSE_OVERSIGHT_026584.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…, a partnership between a taxpayer and a DRE that is wholly-owned by the taxpayer does not constitute a partnership for federal tax purposes; rather, the partnership is a DRE, absent an election (under the check-the-box regulations discussed below) to be treated as a corporation....

Case 9:08-cv-80736-KAM Document 85-1
document IMAGES-002-HOUSE_OVERSIGHT_012721.txt Jun 8, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…rn for America, why are rural com- munities and ranchers under attack by rad- ical environmental groups and overzealous federal regulators? America depends upon the hundreds of products that livestock provide, yet radical groups and oppressive regulations make it almost impossib...

this report may be used or reproduced or quoted in any manner whatsoever in Taiwan by t
document IMAGES-003-HOUSE_OVERSIGHT_014651.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…investment thesis for review by an issuer prior to the pub rities in any 0 ng, and not on this report. insured by the Federal Deposi ts in general and, derivatives, in particular, in tive is suitable for all investors. In some cases, securi rity or financial instrument may be d...

Overview of USA Inc.’s Key Financial Challenges
document IMAGES-006-HOUSE_OVERSIGHT_020852.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…evenue ai F * Reduce subsidies and tax expenditures & broaden tax base Growth * Resume the 20-year trend line for lower Federal civilian employment Government : ‘ 5 mer -- * Implement more flexible compensation systems Inefficiencies ; ; f ; * Consolidate / selectively local outs...

Internet & Society: The Technologies and Politics of Control
document TEXT-001-HOUSE_OVERSIGHT_024256.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…t I A, pages 141-147. • Tim Wu and Christopher Yoo, "Keeping the Internet Neutral?: Tim Wu and Christopher Yoo Debate," Federal Communications Law Journal. 59 (2007), pp. 575-592 HOUSE OVERSIGHT 024264 https://papers.ssrn.com/sol3/papers.cfm?abstract id=953989 archived at https:/...

prescription drug costs during the temporary “gap” from Medicare coverage until their
document IMAGES-007-HOUSE_OVERSIGHT_024072.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…arious healthcare entities. Within the U.S., the pharmaceutical industry has been a particular focus of both state and federal governments’ reform efforts. Other than reform measures adopted in the Act, proposed reforms include, but are not limited to, the following: * increasi...

General Investment Related Disclosures
document IMAGES-003-HOUSE_OVERSIGHT_014497.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…inancial instruments discussed in this report, or recommended, offered or sold by Merrill Lynch, are not insured by the Federal Deposit Insurance Corporation and are not deposits or other obligations of any insured depository institution (including, Bank of America, N.A.). Invest...