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Bank of America has $2.3 trillion in assets but $956 billion of that is made up in loans. Think those loans are valued

Posted by drhousingbubble 590 days ago (http://www.mybudget360.com)
Category: Business | Tags: assets banks debt usd balance sheets
Bank of America has $2.3 trillion in assets but $956 billion of that is made up of loans (the vast majority of it being real estate loans). A simple 10 percent drop in value can wipe out all their capital.
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