For the 1st half of the year Bank of America reported pre-tax income of $48.1 billion, yet ignored an additional $95.9 billion loss on its "held-to-maturity" securities. So the bank actually lost $47.8 billion. It's in worse shape now than it was when it was bailed out in 2008.

— Peter Schiff (@PeterSchiff) October 17, 2023