Epstein Secrets

particular expertise in the securitization of mortgage loans and the trading of resulting securities. On May 30, 2008, a wholly-owned subsidiary of JPMorgan Chase & Co. merged with and into The Bear Steams Companies, with The Bear Steams Companies continuing as the surviving corporation and as a wholly-owned subsidi

atively re-confirmed and that Bear Steams stood behind its valuations. In fact, Spector, following a pattern of deceit also practiced by Ciofli and Tannin, as the government's allegations detail, falsely told Epstein that Spector intended to purchase additional interests in the Enhanced Fund. Epstein d

• • Not a lawyer Lives in Larchmont, NY Retired since 2005— works for non-profits Started college in 1947, so in his 80s. Spent 30 years at JP Morgan as a commercial banker in various capacities • Commercial banker who is likely to be very focused on the disclosure language in the Offering

s. Worked at UBS (3 years), Oppenheimer (I I years). • As a compliance executive, he might have spent a career watching folks like Coffi and Tannin cut corners and ignore folsk like him • • Industry insider Probably very conservative • Strike Kevin Natighten • • • • • Not a lawyer

at to the Company's liquidity. By the next evening, Thursday, March 13, 2008, Schwartz was making frantic phone calls to the Federal Reserve and to JPMorgan-Chase & Co. ("JPMorgan") hoping for a last minute rescue to avoid bankruptcy the next day. 11. On the morning of Friday, March 14, 2008, it was revealed that

the entire subprime market is toast ... If AAA bonds are systematically downgraded then there is simply no way for us to make money- ever." 201. Tannin concluded that "caution would lead us to conclude the [CDO report] is right and we're in bad shape." On May 13, 2007, Tannin reiterated to another B