els 24 EFTA00316715 Case 1:08-cv-02793-RWS Document 102 Filed 02/27/09 Page 3 of 347 b. Bear Steams' Valuation Models Were Misleading 25 c. The Importance of Value at Risk Models 27 d. Bear Steams' Value at Risk Models Were Misleading 30 2. Bear Stearns' Impoverished Risk Management Program 31 F. Bear Steams Hides its