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Last login: 7 hours agoBgamall: Gary Anderson is a 59 year old married guy from Nevada, USA.; Likes 1,426 pages, 25 videos, 67 photos • 113 fans • Received 23 reviews; Member since May 11, 2007

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Mr. Mortgage&8217;s Guide to the TRUTH! & MERRILL LEVEL 3 ASSETS SURGE NEARLY 70% TO $82.4 BILLION IN Q1: May 25, 10:07am 1 review •http://mrmortgage.ml-implode.com/2008...; PAY ATTENTION TO THIS!!! This is why helicopter Ben is scared Sh**less. In order to print our way out of this mess the dollar would become a peso. Not that I have anything against the peso, but we will be riding bicycles to work. After the fed uses up the remaining 400 billion on their books they will have to print more money to bail these loser banks out! An example of the level 2 disaster is JP Morgan (JPM), who has over a TRILLION dollars of level 2!! From the site:

"Level 3 `assets' among the many of the nations largest US banks (listed below - thanks Ninja & TF) add up to nearly $500 BILLION! That is more than the Fed has left! ". If you look over to column 5, you see the level 3 assets as a percentage of equity (column 6). For example, Morgan Stanley (MS) has Level 3 assets (column 4) that total 235% (column 5) of equity (column 6)...oops. Columns, 2, 3, and 4 are total Level 1, 2 and 3 assets respectively.

But wait a minute. What the heck are those Level 2 assets?' Finding a bid for those in this market is likely as to close to impossible as a Level 3 `asset' bid. BUT THOSE ASSETS ADD UP TO NEARLY $5.5 TRILLION! That makes the Fed's $400 Billion or so they have left look miniscule."