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Welcome! I started this blog primarily for friends and people around me. This blog is just an avenue for me to put my thoughts in writing, and I make no effort to promote it. My investment approach is based on the understanding of History, Politics & Austrian Economics, and how these areas interact with each other. Disclaimer: I make no guarantees of my predictions. Please do your homework thoroughly before making any investment decision.
What is the problem with this way of labeling? It falls under GAAP regulation to the best of my understanding. (I don't know that much on GAAP by the way)
ReplyDeleteThe SEC allows the banks to hide their losses in Level 3 Assets. Those are 'assets' which have lost value of cannot be priced in the market.
ReplyDelete