Epstein Secrets

BOGEN,ROBERTA KLING,JUDITH K BRYAN,F W SEASIDE PARTNERS LLC HEILWEIL,J

GOLDMAN,MARK PELTZ,NELSON DESMOND,DAVID W PELTZ,NELSON COLEMAN,DENIS N

MANAGER 700 Hungerford Dr Rockville, MD 20850-1724 Prior 10. Richard. Ted N/A 100 Cummings Ctr Beverly, MA 01915-6115 Prior 09/2001 11. Ryan, Stephen J 256 2nd Ave Waltham, MA 02451.1102 Prior ogees -1 current, 10 prior employees found For internal use only SONY_GM_00059273 CONFIDEN

M * Associated with Other Companies DIRECTOR (01/20/1987 - 02/21/2012) 41. St Arnaud, Steven DIRECTOR (01/20/1987 - 01/2912013) 42. Stead, David W DIRECTOR (01/20/1987 - 01/29/2013) 43. Stelmark. Brenda I Moderate Risk lal Associated with Other Companies TREASURER (10/18/2011 - 12/2712011)

ome ° ACA has to be completed first — and it was a mistake to tackle this before tax reform. Obamacare difficult with only 52 seats in the Senate but Ryan has gone too far to back away from ACA and refocus on tax reform as a priority. McConnell’s ACA target is mid- “Apri and then they can start to focus

djustment tax (VAT) vs. border adjustment tax, Woo favors a 5% VAT over BAT 3) Why there is a <10% chance current proposal of BAT will get passed / Paul Ryan/Keven Brandy’s proposal implies USD will appreciate +25%. Ryan is telling retailers this will happen but this is completely unrealistic and has seri

, equities will sell off if no hike. e Fed will not hike in May ahead of French elections. 3. David Woo’s latest “Cause and Effect” is attached 4. David Woo’s Top Rates and FX Trades for 2017 is also attached. Woo believes that Brexit and the US election have signaled that the world has changed. These grou

on page 8. 11710696 Timestamp: 13 February 2017 06:00AM EST Bankof America Merrill Lynch 13 February 2017 FX and Rates Global e e The First Days David Woo FX, Rates & EM Strategist MLPF&S +1 646 855 5442 [email protected] Global Rates & Currencies Research HOUSE_OVERSIGHT_014721 --- PAGE BREAK ---

up the bills. Either is likely to hurt Republican support in these states. Tax reform: BAT won’t kill it The proposed border adjustment tax in the Ryan-Brady plan has been attracting a lot of attention lately. Although we have concerns about some specific aspects of the proposal (which we will discus

imports are subject to VAT. These facts together make it very apparent that both the case for tax reform and support for tax reform are very strong. Paul Ryan said on January 26 after the Republican retreat in Philadelphia that they “aspire” to pass tax reforms by August. Bankof America <> Merrill Lynch Ca