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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 197 days ago (minyanville.com).  Views: 660
Tags: housing bubble  banks  bear stearns  morgan stanley  merrill lynch
Related Tags: credit crisis  gold  wall street  economics  peter schiff  inflation  recession  
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 [More...]

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