In a quarterly filing today, Merrill Lynch & Co. dislosed that Level III assets had jumped to nearly $70 billion, an increase of 70% over the same quarter of 2007. The firm also stated that more than $16 billion of this exposure is related to subprime. Definitely a sign of things to come though relative [...]
Archive for May, 2008
Level 3 assets jump at Merrill
Posted in CDS, CMBS, Foreclosure, Herd Mentality, Interest Rates, Liquidity, Real Estate, Subprime, U.S. on May 7, 2008 | Leave a Comment »
