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strategic rationale, weaken our allies' confidence in the reliability of US defense commitments, and serve to embolden Putin's efforts to divide the Alliance." In an editorial, the Wall Street Journal <https://www.wsj.com/articles/trumps-spite-germany-plan-11596064244> (7/29, Subscription Publication, 7.
Trump cited "his longstanding gripe that Germany doesn't pay its fair share for defense in Europe." He said, "We don't want to be suckers any more." Moran added, "President Trump made crystal clear, this is lot more about punishing Germany than deterring Russia." Meanwhile, "There was bipartisan condem
trategic rationale, weaken our allies' confidence in the reliability of US defense commitments, and serve to embolden Putin's efforts to divide the Alliance." In an editorial, the Wall Street Journal (7/29, Subscription Publication, 7.57M) condemns the plan to remove US troops from Germany, arguing it w
rump cited "his longstanding gripe that Germany doesn't pay its fair share for defense in Europe." He said, "We don't want to be suckers any more." Moran added, "President Trump made crystal clear, this is lot more about punishing Germany than deterring Russia." Meanwhile, "There was bipartisan conde
trategic rationale, weaken our allies' confidence in the reliability of US defense commitments, and serve to embolden Putin's efforts to divide the Alliance." In an editorial, the Wall Street Journal (7/29, Subscription Publication, 7.57M) condemns the plan to remove US troops from Germany, arguing it w
rump cited "his longstanding gripe that Germany doesn't pay its fair share for defense in Europe." He said, "We don't want to be suckers any more." Moran added, "President Trump made crystal clear, this is lot more about punishing Germany than deterring Russia." Meanwhile, "There was bipartisan conde
Price Objective Change
/depreciation, similar to other asset managers, underperformance, and an unpredictable yield since it is based on earnings rather than fixed. Because Alliance is an MLP, total potential return includes a variable distribution based on earnings. Amer Express (AXP) Our $74 price objective reflects a 13x PE
Page: HOUSE_OVERSIGHT_014378 →integration risks. Upside risks to our price objective are better than expected equity markets, performance, or flows, or an accretive acquisition. Morgan Stanley (MS) We value the brokers based on the relationship between ROE (return on equity} and PB (price to book), which has a high historical correlation. Ou
Page: HOUSE_OVERSIGHT_014385 →Entities connected to both Alliance and Morgan Stanley

Jeffrey Epstein
PERSON
George W. Bush
PERSON
Ghislaine Maxwell
PERSON
Prince Andrew
PERSON
United States
LOCATION
Richard Kahn
PERSON
Marc Rich
PERSONLeon Black
PERSON
Donald Trump
PERSON
Julie K. Brown
PERSON
Joi Ito
PERSON
Bloomberg L.P.
ORGANIZATION
Alan Dershowitz
PERSON
Bill Clinton
PERSON
Joe Biden
PERSON
Prince Charles
PERSON
Michael Cohen
PERSON
Condoleezza Rice
PERSON
Virginia Giuffre
PERSON
Samantha Power
PERSON