rector until December 28, 2007. 3. With the exception of investment banking, all divisions reported to Warren in his capacity as Co-President and Co-COO. Warren alone had ultimate responsibility for risk management for Bear Stearns and Bear Stearns Asset Management ("BSAM"). This included the Bear S

ting Service. EFTA00316727 Case 1:08-cv-02793-RWS Document 102 Filed 02/27/09 Page 15 of 347 Spector: Defendant Warren J. Spector, Co-President, Co-COO, and a director of Bear Steams. On August 5, 2007, Spector resigned those positions. Stated Income Loans: Loans that required less documentation to