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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (6889)	11/5/2007 7:08:52 AM
From: Nor Skrem	Respond to of 50229

for those who dont know: fasb = financial accounting standards board; fasb 157 provides clarification and guidence on reporting assets at a company's fair market value.

To: SliderOnTheBlack who wrote (6889)	11/5/2007 10:27:30 AM
From: inchingup	Read Replies (1) \| Respond to of 50229

"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