Epstein Secrets

ighlights Rating Finn Term Domestic Bonds Forecast Overseas Bonds Rating Rating Long Al she e Al Moody's Short Pt Long AA- Sho e A Standard & Poor's Short A 1 - A-1 Long Ai Sho e A Fitch Short Ft Source: Israel's Ministry of Finance 37 EFTA00729866 Israel Recent Economic Highlight

basis at an adverse rate of tax. •Reliance on Fund Manager; Lack of Transparency - A Hedge Funds manager or adviser has total trading authority over the Hedge Fund. There is often a lack of transparency as to a Hedge Fund's uncle-rig investments Because of this lack of transparency, an investor may be unable to

ng Oversight Board. PPP: Preliminary Performance Profiles. Punk Ziegel: Punk Ziegel & Co. Ratings Agencies: U.S. commercial credit rating agencies Standard & Poor's, Moody's and Fitch. xii EFTA00316726 Case 1:08-cv-02793-RWS Document 102 Filed 02127,109 Page 14 of 347 RMBS: Residential Mortgage Backed Secu

rk on the inventory when we closed out the position. 240. In fact, even by the Company's own estimations regarding the writedowns associated with the Hedge Fund, this statement was false and misleading. The 2008 OIG Report states that the Company's internal documents reflect that it ultimately took a $500 mi

s and certifications were materially false and misleading when made. 3. August 3, 2007 Press Release and Conference Call 696. On August 3, 2007, Standard & Poor's cut Bear Steams' credit rating outlook to negative. In an effort to limit damage to its share price, Bear Steams issued a press release which conta

hat it had been consistently overvaluing its assets. 718. In fact, even by the Company's own estimations regarding the write downs associated with the Hedge Fund, the numbers revealed to investors in September 2007 were misleading. The 2008 OIG Report states that the Company's internal documents reflect that