Bank of America has $113 Billion of unrealized losses on its balance sheet
This represents >60% of tangible book value pic.twitter.com/rt6NgV4bBL
— Jack Farley (@JackFarley96) March 15, 2023
Just like SVB, these “assets” aren’t Marked to Market. If they ever need to sell them to raise capital…watch out below!
-Dad
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