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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (6889)	11/5/2007 10:27:30 AM
From: inchingup	Read Replies (1) of 50231

"C" is doing just fine...ONLY holding $135 Billion in Level 3's. BOSTON (MarketWatch) -- Citigroup Inc. (C:Citigroup, Inc C 36.49, -1.24, -3.3%) in a quarterly regulatory filing Monday said its so-called level 3 assets as of Sept. 30 were $134.84 billion. Level 3 assets are holdings that are so illiquid, or trade so infrequently, that they have no reliable price, so their valuations are based on management's best guess. The investment bank said its total liabilities related to level 3 assets at quarter-end were $40.36 billion, according to the Form 10-Q. Citigroup said it often hedges its level 3 positions. marketwatch.com

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