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Level Three Assets: Banks & Brokers

Posted By Barry Ritholtz On August 15, 2008 @ 2:35 pm In Uncategorized | Comments Disabled

Three terrific charts on Level 3 assets — these are the difficult to trade/value/sell junk.

Check out Citi, and Fannie & Freddie!

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Levelthree1 [1]

Levelthree2 [1]

Charts via Jake at EconomPic [1]

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I cannot figure out why the SEC and FASB simply refuses to force firms to inform investors what is actually on their books. I guess they are particularly enamored of the Japanese model [2].

Previously:
FASB: OK For USA to Turn Japanese [2]   (July 2008) http://bigpicture.typepad.com/comments/2008/07/fasb-ok-for-usa.html

Turning Japanese? [3]  (September 2003)  http://bigpicture.typepad.com/comments/2003/09/turning_japanes.html


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2008/08/level-three-assets-banks-brokers/

URLs in this post:

[1] Image: http://econompicdata.blogspot.com/2008/08/level-three-asset-analysis.html

[2] Japanese model: http://bigpicture.typepad.com/comments/2008/07/fasb-ok-for-usa.html

[3] Turning Japanese?: http://bigpicture.typepad.com/comments/2003/09/turning_japanes.html

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