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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!
Charts via Jake at EconomPic 
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 .
FASB: OK For USA to Turn Japanese  (July 2008) http://bigpicture.typepad.com/comments/2008/07/fasb-ok-for-usa.html
Turning Japanese?  (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:
 Image: http://econompicdata.blogspot.com/2008/08/level-three-asset-analysis.html
 Japanese model: http://bigpicture.typepad.com/comments/2008/07/fasb-ok-for-usa.html
 Turning Japanese?: http://bigpicture.typepad.com/comments/2003/09/turning_japanes.html
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