Close Window
Join MyProps | Login
Create Content
Post Link
Post Image
Create Channel
Public Content
Public Links
Public Channels
Public Comments
Public Categories:
Finance
Technology
News & Politics
Hollywood
Pictures
Videos
Funny
Girls
Adult
Other
Users
Users
Invite Friends
Settings
Adult Filter: On
My Content
My Links
My Channels
History
Links History
Channels History
Other Tasks
Login
Join MyProps
Home Public Channels Channel Contents Link Comments
Link Comments
Search:
Comments & Related | Props
Link Information
2
Props
Give Props
Ten companies now have more Level 3 assets than capital. Some of these companies WILL go bankrupt.
This Link is located in the Public Channel Housing Bubble and Bear Links.
 Posted by ian 1 year 57 days ago (minyanville.com).  Views: 613
Tags: housing bubble  banks  bear stearns  morgan stanley  merrill lynch
Related Tags: credit crisis  wall street  gold  economics  peter schiff  recession  inflation  
Level Three assets are the least liquid of the firms' trading assets and therefore are valued using what are called "unobservable inputs."

Level Three assets include real estate, mortgage-backed securities, private equity investments and possibly even "undertakings of great advantage, but nobody to know what they are" (cf. South Sea Bubble).

The three magic words that make an asset a Level 3 asset are "no observable inputs." What this means is that not only are they hard to price, but nearly impossible to sell.

Ten companies now have more Level 3 assets than capital. In order they are (as a % of total shareholder equity):

1) Bear Stearns (BSC): 313.97%
2) Morgan Stanley (MS): 234.88%
3) Merrill Lynch (MER): 225.4%
4) Goldman Sachs (GS): 191.56%
5) Lehman (LEH): 171.18%
6) Fannie Mae (FNM): 161.48%
7) Northwest Air (NWA): 142.02%
8) Citigroup (C): 125.06%
9) Prudential (PRU): 119.36%
10) Hartford (HIG): 108.52%

View Original Article

View Next Item >
Comments
ian said
294 days ago
 
update

127 days later, #1 (Bear) and #6 (Fannie) already went under (government bailouts).

#5 (Lehman) is days away from going under. #3 (Merrill) is probably a few weeks to a few months away from collapsing.
Permalink  |  Twitter
 
 
Related Content
64
Props
Give Props
Housing Bubble and Bear Links (1,439 Links)
Created by ian 2 years 86 days ago in Finance. Views: 10,733. Link Views: 363,737
Tags: housing bubble  investing  real estate  subprime  mortgage  finance  economics
Related Tags: wall street  business  stocks  video  politics  consumer issues  credit crisis  
This channel was created on April 10, 2007, during the peak of the housing mania, to warn investors of the coming collapse in home prices. For quite some time we have warned investors to get out of U.S. stocks. This channel represents the best of the [More...]
11
Props
Give Props
A history of home values
This Link is located in the Public Channel Housing Bubble and Bear Links.
 Posted by ian 1 year 358 days ago (myprops.org).  Views: 3,029
Tags: housing bubble
Related Tags: credit crisis  wall street  gold  economics  banks  peter schiff  recession  
Yale economist Robert J. Shiller created an index of American housing prices going back to 1890. It presents housing values in consistent terms over 116 years, factoring out the effects of inflation. Here's more information on the the biggest bubble [More...]
1
Prop
Give Props
Barney Frank in 2005: What housing bubble? <Video>
This Link is located in the Public Channel reddit business.
 Posted by MyPropsMonkey 36 days ago (youtube.com).  Views: 4
Tags: business  economics  finance  wall street
Related Tags: stocks  video  politics  forbes  consumer issues  credit crisis  stock market  
1
Prop
Give Props
MyProps: Reading http://myprops.org/b1c - Housing Bubble and Bear Links
This Link is located in the Public Channel MyProps Twitter Updates.
 Posted by ian 36 days ago (myprops.org).
Views: 2
twitter update: MyProps: Reading http://myprops.org/b1c - Housing Bubble and Bear Links
1
Prop
Give Props
RE-Calculator: Estimate the Real Value of a House by Removing the Bubble
This Link is located in the Public Channel reddit economics.
 Posted by MyPropsMonkey 41 days ago (re-calculator.com).  Views: 2
Tags: economics  finance
Related Tags: wall street  business  stocks  video  politics  consumer issues  credit crisis  
1
Prop
Give Props
Video: Survey Says - Investor Optimism Surges to Four Year High
This Link is located in the Public Channel Bloomberg Financial Videos.
 Posted by MyPropsMonkey 45 days ago (feedproxy.google.com).  Views: 1
Tags: wall street  finance  economics  video
Related Tags: business  news  stocks  politics  youtube  forbes  tv  pets  animals  election  
Interview with Michael Hartnett of Bank of America Securities-Merrill Lynch (Bloomberg News)
1
Prop
Give Props
Ex-Bear Exec Sues For His $2 Million Bonus
This Link is located in the Public Channel Clusterstock.
 Posted by MyPropsMonkey 53 days ago (feedproxy.google.com).  Views: 4
Tags: wall street  finance  stocks
Related Tags: economics  business  video  forbes  consumer issues  news  peter schiff  
Another one of these. Gary Reback, a former executive at Bear Stearns, is suing to recover a $2 million bonus that he claims he's owed. Reback, who was fired when JPMorgan (JPM) acquired the practically bankrupt bank, says that he helped make the [More...]
1
Prop
Give Props
Housing Bubble Smackdown: Huge Shadow Inventory Portends Bigger Crash Ahead
This Link is located in the Public Channel reddit business.
 Posted by MyPropsMonkey 73 days ago (dissidentvoice.org).  Views: 23
Tags: business  economics  finance  wall street
Related Tags: stocks  video  politics  forbes  consumer issues  credit crisis  stock market  
1
Prop
Give Props
JP Morgan Shuts Down Bear Stearns Credit Unit
This Link is located in the Public Channel Clusterstock.
 Posted by MyPropsMonkey 79 days ago (feedproxy.google.com).  Views: 7
Tags: wall street  finance  stocks
Related Tags: economics  business  video  forbes  consumer issues  news  peter schiff  
JP Morgan is shutting down a once legendary Bear Stearns business unit known as FAST, an acronym for Financial Analytics and Structured Transactions. It was a traditional starting place for the Bear Man, typically a recent undergraduate who might have [More...]
1
Prop
Give Props
Video: Survey Says - Investor Optimism on the Rise
This Link is located in the Public Channel Bloomberg Financial Videos.
 Posted by MyPropsMonkey 79 days ago (feedproxy.google.com).  Views: 8
Tags: wall street  finance  economics  video
Related Tags: business  news  stocks  politics  youtube  forbes  tv  pets  animals  election  
Analysis and Discussion with Michael Hartnett of Bank of America Securities-Merrill Lynch (Bloomberg News)
1 2 3 4 5 6 7 ... 10 Next Page

©2009 MyProps Inc.  Contact Us - Privacy Policy - Terms of Service