Aubade
“Unthinkable No More”
Thursday, 28 July 2011
¶ In an amazing development, and without any hindrance from free and unfettered markets, investors are expressing doubts about bigness in banking in the most eloquent manner possible. At Dealbook, Jesse Eisinger indirectly quotes Bloomberg’s Jonathan Weil: “Bank of America trades at half of its book value (the stated value of its assets minus its liabilities), an indication that investors view its asset quality and prospects just a notch below abominable, as Jonathan Weil of Bloomberg News pointed out last week.”