Level 2 assets

RECENT NEWS
The Debts of a Nation  Apr 23  Comment 
I had previously written about IASB, or the International Accounting Standards Board, which is the international accounting rulemaker for non-US corporations and (most) government bodies. IASB had fallen under pressure from European policymakers...
THE PRAGMATIC CAPITALIST  Jan 26  Comment 
I've long been critical of Ken Lewis.  For being known as a merger wizard he sure has made some big mistakes.  The Countrywide buyout has to be one of the most fantastic fumbles in M&A history.  Buying up billions of level 3 assets, at the...
Bull Bear Trader  Dec 11  Comment 
US financial institutions reported an increase in Level 3 assets in Q3 to $610 billion (see Financial Times article). This amounted to an increase of 15.5 percent from Q2 as low liquidity has made it difficult to sell MBS and CDO assets....
Stock Market Analysis, Trading, And Financial Commentary - Rebel Traders  Jul 30  Comment 
This just in: FASB VOTES 5-0 TO DELAY IMPLEMENTATION OF OFF BALANCE SHEET RULE.This is the absolute worst decision I can imagine. The market "needs" clarity. The financial institutions need to reveal what they have in their level 3 assets...
Bullish Bankers  Jul 24  Comment 
Issues surrounding the credit markets still remain on many banks’ balance sheets. Level 3 assets are by no means a new thing, but merely play a new role in this environment. As financial institutions have taken write-downs of more than $300...
Jutia Group  Apr 21  Comment 
In the first quarter, Goldman Sachs Group Inc. (GS) packed another $27 billion worth of illiquid assets onto its balance sheet - a 39% increase that brought the total to $96 billion. And Goldman wasn’t alone. Morgan Stanley (MS) reported that...
Contrarian Profits  Apr 21  Comment 
In the first quarter, Goldman Sachs Group Inc. (GS) packed another $27 billion worth of illiquid assets onto its balance sheet - a 39% increase that brought the total to $96 billion. And Goldman wasn’t alone. Morgan Stanley (MS) reported that...
Money Morning  Apr 21  Comment 
By Jennifer Yousfi Managing Editor In the first quarter, Goldman Sachs Group Inc. (GS) packed another $27 billion worth of illiquid assets onto its balance sheet - a 39% increase that brought the total to $96 billion. And Goldman wasn't...
Hedge Fund Blogs From HedgeCo.Net  Jan 23  Comment 
The Financial Accounting Standards Board (“FASB”) recently reaffirmed that [...]
Stock Market Analysis, Trading, And Financial Commentary - Rebel Traders  Jan 18  Comment 
Merril Lynch (MER) reported their quarterly earnings at 7:00 am Eastern time this morning, and with their terrible report it only set the mood for the rest of the bad news that came later. The financial institutions are still suffering greatly...
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