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Pondering Bank of America’s Balance Sheet

Posted on July 22, 2011 by Caleb Newquist

As far as the market is concerned, more than half of the company’s book value is bogus, due to overstated assets, understated liabilities, or some combination of the two. [Jonathan Weil/Bloomberg]

Posted in NewsTagged balance sheets, Bank of America, Banks, book value, Jonathan Weil, this where Adrienne chimes in with "we're fucked"

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Next: Accounting News Roundup: Grover in the Times; Democrats Evoke Reagan; FASB Stalls on Lease Accounting | 07.22.11

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