From: Gianni Serazzi < Sent: Friday, May 8, 2015 7:48 AM To: Jeffrey Epstein Subject: This article outlines exactly what we were discussing a few months ago on market pricing This article outlines exactly what we were discussing=a few months ago on market pricing http://www.marketwatch.comistory/why=are-stock-prices-so-high-follow-the-borrowed-money-2015-05- 07?link=MW_po=ular As mentioned months ago several CFOs told me t=at they are worried about how the stock will react with markets going down=on interest rates going up and at the same time them not being able to bor=ow anymore and continue buybacks at same rate. The companies that have res=sted this temptation over last years will perform better compared to the o=hers. Best GS EFTA_R1_01631462 EFTA02502916