Quote:
Originally Posted by Ethersync
...and Bank of America's market cap is 41 billion. Incredible.
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Market cap is meaningless in a situation like this.
Most people don't know this but the bond market dwarfs the stock market. The stock market is like a pimple on the bond market's ass.
The sum total of all outstanding shares doesn't mean much for a bank. If you bought up all of their stock, you would then own all of their assets AND liabilities.
It's their ledger that matters.