Rising Tide of Level 3 Assets a “Disaster Waiting to Happen”

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 these hard-to-value/hard-to-sell assets soared 45%, reaching $32 billion. For Lehman Brothers Holdings Inc. (LEH), the [...] SHARETHIS.addEntry({ title: "Rising Tide of Level 3 Assets a “Disaster Waiting to Happen”", url: "http://jutiagroup.com/2008/04/21/rising-tide-of-level-3-assets-a-%e2%80%9cdisaster-waiting-to-happen%e2%80%9d/" });
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