From: Ramsey Elkholy

From: Ramsey Elkholy To: jeffrey epstein [email protected]> Subject: RE: Date: Thu, 15 Oct 2009 15:10:20 +0000 Importance: Normal the banks here were much more conservative than us w re: to mortgages, loans etc...so they didn't have anything near the problems we had. from a monitary point of view I think Europe has remained more stable than us, especially in Switzerland where the banks had plenty of reserves, so you didn't see banks closing down etc.. Private sector I don't know, people seem to be getting by, the general feeling is that things are starting to pick up again (corporations, small busineses, etc.). the EU in general I would say seems to be a more stable economy than ours. Date: Thu, 15 Oct 2009 10:41:04 -0400 Subject: From: [email protected] To: what is your sense of the economy there? The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to and destroy this communication and all copies thereof, including all attachments. EFTA00771450