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Six Month + Delinquent Mortgages Amount To More Than Half Of Bank of America's Market Cap

By: capt_nemo in WRGO | Recommend this post (0)
Wed, 19 Dec 12 11:57 AM | 282 view(s)
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For those curious why many people are scratching their heads how the market cap of Bank of America has nearly doubled in the past year, here it is: "Bank of America Corp. has amassed $64 billion of mortgages that are at least six months delinquent and have yet to enter foreclosure, more than twice the amount held by its four largest competitors combined." $64 billion is more than half the market cap of Bank of America as of this moment.

This number in the context of the BAC market cap:

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http://www.zerohedge.com/news/2012-12-19/six-month-delinquent-mortgages-amount-more-half-bank-americas-market-cap




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