Epstein Secrets

From: Barrett, Paul S Sent: Friday, March 30, 2012 5:45 PM To: Epstein, Jeffrey ([email protected]) Cc: Giuffrida, David Subject: $6mm of IMSA 03-3 M2 @ 78-00 (10.24% yield / 2.64 durn) Jeffrey =nbsp; This is an ex=mple of the bonds I think we should accumul

suitable for all investors. =OD •This message is a product of sale= and trading and is not a research report 6 EFTA_R1_01422434 EFTA02393670 *Non-Agency bonds may have limited liquidity and clients should be =ware that the secondary market for mortgage- backed securities ha= experienced periods of ill

From: Sent: To: Cc: Subject: Barrett, Paul S Monday, June 18, 2012 12:19 PM Epstein, Jeffrey ([email protected]) Giuffrida, David J FW: To Do (W)&nb=p; 212-310-0108 (F) NMLS ID# 853441 From: Barrett, Paul S Sent: Friday, June 15, 2012 10:=4 AM To: 'Jeffrey Epstein'

arch report.&n=sp; Other key risks to consider are outlined below: =OD c/=pan>AII investments are subj=ct to possible loss of principal - &n=sp; Non-Agency bonds may have limited liquidity =nd clients should be aware that the secondary market for mortgage-backed s=curities has experienced periods of ill

From: Barrett, Paul S < Sent: Friday, June 15, 2012 2:04 PM To: Jeffrey Epstein Cc: Giuffrida, David J; Ens, Amanda Subject: To Do =OA Jeffrey This looks like an interesting bond.=Would be spending around $1MM. =OA $1.5MM of our CIT =am

not a research report. Other key risks to c=nsider are outlined below: - &n=sp; All investments are subject to possible loss of pr=ncipal &nb=p; Non-Agency bonds may have limited liquidity and clients should be aware that the secondary market for mortgage-backed securities has experienced=periods of ill

From: Barrett, Paul S < Sent: Thursday, May 31, 2012 4:10 PM To: Epstein, Jeffrey ([email protected]) Cc: Giuffrida, David Subject: To Do Jeffrey <1=> We should buy t=is bond. Spending $1.7MM. Our base case has a yield of 9.72% with = 2.20yr duration. Our stre

nd is not a researc= report. Other key risks to consider are outlined below: =DAAll investme=ts are subject to possible loss of principal -&n=sp; Non-Agency bonds may have limite= liquidity and clients should be aware that the secondary market for mortg=ge-backed securities has experienced periods of ill

From: Barrett, Paul S Sent: Wednesday, August 15, 2012 6:03 PM To: Jeffrey Epstein Cc: Giuffrida, David Subject: To Do - : NEW HY RMBS - $12.5mm of BSABS 04-AC6 M1 @ $49-16 (7.03% yield/2.81 dum) Why we think this bond is compelling: =OD </

ot = research report. Other key risks to consider are outlined below:<=:p> =nbsp; All=investments are subject to possible loss of principal <=span>Non-Agency bonds may ha=e limited liquidity and clients should be aware that the secondary market =or mortgage-backed securities has experienced periods of ill

From: Barrett, Paul S < Sent: Wednesday, November 14, 2012 8:25 PM To: Epstein, Jeffrey ([email protected]) Cc: Giuffrida, David J; Schaffer, Susannah Subject: NEW HY PRIME RMBS (3:30pm BWIC) - $10mm of IMM 05-2 1M1 @ 71-00 (6.44% yield/5.69 durn) Jeffrey Here is a

port. Other key risks to consider are outlined below: All investments are subject to possible loss of principal 7 EFTA_R1_01725357 EFTA02562936 Non-Agency bonds may have limited liquidity and clients should be aware that the secondary market for mortgage-backed securities has experienced periods of ill

From: Barrett, Paul Sent: Tuesday, May 1, 2012 8:04 PM To: Epstein, Jeffrey ([email protected]) Cc: Giuffrida, David Subject: RE: $2.59mm of WAMU 04-AR3 B2 @ 62-16 (10% yield / 6.26 durn) =body lang="EN-US" link="blue" vlink="purple"> Jeffre= We have 1.8

re subject to risk, including possible loss of principal=2E <1=> *This message is a prod=ct of sales and trading and is not a research report=/p> "Non-Agency bonds may have limited liquidity and c=ients should be aware that the seco=dary market for mortgage- backed securities has experienced periods of ill

From: Barrett, Paul S < Sent: Tuesday, September 11, 2012 2:28 PM To: Epstein, Jeffrey ([email protected]) Cc: Giuffrida, David J; Schaffer, Susannah Subject: NEW HY RMBS on 10am BWIC - $8.13mm of MHL 05-2 1M1 (BBB+•) @ $70-00 (6.50% yield / 6.25 dum) Jeffrey =br>

and is not a research repo=t. Other key risks to consider are outlined below: All investments ar= subject to possible loss of principal - &n=sp; Non-Agency bonds may have limited liqu=dity and clients should be aware that the secondary market for mortgage-ba=ked securities has experienced periods of ill