Henry Blodget thinks it's hard to buy into Bank of America's (BAC) stated book value of $222B...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Henry Blodget thinks it's hard to buy into Bank of America's (BAC) stated book value of $222B when the market is giving the company a much lower valuation. Between BofA's mortgage and commercial real estate liabilities, Euro exposure, and excess "goodwill," Blodget thinks $100B-$200B could be chopped off its book value.