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IPFS News Link • Economy - Economics USA

Level 3 Catastrophe Delayed Until After the 2008 Election

11-14-2007 • Calculated Risk

Fear of a bloodbath in the CDO market, in which banks, pension funds, and corporations would be forced to reveal the true value of their Level 3 holdings, necessitated a one year delay in Rule 157.

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Level 3 Catastrophe Delayed Until After the 2008 Election

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