Level 3 news from FierceFinance
News
Is fair-value accounting just?
In the wake of the Enron crisis, "fair-value accounting" seemed like a good idea. It was designed to create reporting uniformity and make it harder to play games. But it's turning out poorly for Wall Read more...
Is Thain setting himself up?
John Thain has not been shy about telling the world that Merrill Lynch is well-capitalized and will not be raising funds anytime soon. At Read more...
ALSO NOTED: More on Merrill Lynch's level 3 assets; JPMorgan to build energy business with Bear assets; and much more...
Company News:> More on Merrill's level 3 assets. Article > Read more...
ALSO NOTED: Merrill to return to profitability soon?; Rising level 3 assets to explode at top banks?; and much more...
Company News: > Goldman Sachs underwriting for RBS. Article > National City to raise $7 billion. Read more...
Goldman Sachs'level 3 capital rises
Is this an omen? Goldman Sachs, which has weathered the storm as well as any bank, has reported a big rise in its Level 3 assets. The AP notes Read more...