Firm Level 3 Level 3 Assets as Change in
Assets a Percentage of Value from
(in billions) Total Assets Prior Quarter
Goldman Sachs $78.1 7.0% -19%
Morgan Stanley $69.2 7.0% -11%
Lehman Brothers $41.3 6.5% -2.7%
It is said that LEH marked down its Level III asset by -2.7%. Now have look
at how much GS and MS wrote down, more than 11%.
My ques
