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IPFS News Link • Economy - Economics USA

Bank of America Loans Valued at $44 Billion Less Than Books Say

02-28-2009 • Bloomberg.com

“That’s the heart of why these companies are trading where they are,” Friedman Billings Ramsey & Co. analyst Scott Valentin said in an interview. “Technically, if you mark-to- market the entire balance sheet, most of these banks are insolvent.”

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