(Risk management was, of course, named Oxymoron of the Year here at Proxyland.)The crash of subprime-linked debt, Morgan explains in a spanky new section in this year's 10-K, has been "among the most significant market shocks ever realized… Events of this magnitude are outside of the loss estimates forecast by VaR models and are more commonly measured by alternative risk measures such as stress tests and scenario analyses. [read post]