Epstein Secrets

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ncome projections look high to us given economic conditions in Europe. 5. There's a lot of confusion about which capital ratios make the most sense (Basel II. Basel Ill. Core Tier I, Equity to Assets. etc). The EBA used the most generous one (Basel II). These issues are complex, and are strenuously debate

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ncome projections look high to us given economic conditions in Europe. 5. There's a lot of confusion about which capital ratios make the most sense (Basel II. Basel Ill. Core Tier I, Equity to Assets. etc). The EBA used the most generous one (Basel II). These issues are complex, and are strenuously debate

ure had the desired effect, as analysts covering the Company took note of its remarkably low VaR numbers. In a February 9, 2007 pre- filing comment, Credit Suisse analysts Susan Roth Katzke and Ross Seiden stated that Bear Steams' "[m]anagement will continue to invest to grow revenues via new products and new

th the true risks of the securities business, with the added benefit of harmonizing the SEC's capital rules with global standards as represented by Basel II. 29 EFTA00316757 Case 1:08-cv-02793-RWS Document 102 Filed 02/27/09 Page 45 of 347 d. Bear Stearns' Value at Risk Models Were Misleading 123

ccordance with generally accepted accounting principles[.] 474. Moreover, according to a February, 2008 presentation given by Molinaro himself to Credit Suisse analysts, the Company's risk management structure reported directly to him. 475. As alleged above in paragraphs 106,167 and 175, Molinaro knew, or

th the true risks of the securities business, with the added benefit of harmonizing the SEC's capital rules with global standards as represented by Basel II. 497. As alleged in paragraph 101, prior to Bear Steams' approval as a CSE in November 2005, OCIE found that Bear Stearns did not periodically eva