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Without Hoopla, Fair-Value Rule Is Readied Among the ripple effects of the global credit crisis is the rewrite of the controversial fair-value accounting rule once known as FAS 157. The revised standard could be in place by the end of the year.

Marie Leone, CFO.com | US
July 20, 2010

Level 3 Won't Dissapear: Editors note: Mr. Cademartori is correct that Level 3 type inputs will always be with us -- including those associated with collateralized loan obligations. But I believe Mr. Forsythe's point was that some, not all, Level 3 inputs will be reclassified as Level 2 once the markets recover and input values are "observable" again.; Posted by Marie Leone | Jul 26, 2010 11:42 AM ET

A Correction...: Mr. Forsythe is incorrect in his assertion that "Level 3 Assets will decrease as the Economy recovers". There has always been and will continue to be CLO's, CLO Managers and private debt instruments with no observable market inputs and will always be carried as Level 3 assets. He should take a look at the entire BDC (Business Development Corporation) industry which own billions of these assets.; Posted by GARY CADEMARTORI | Jul 26, 2010 9:33 AM ET

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