Bank of America is currently facing significant unrealized bond portfolio losses exceeding $100 billion, which is approximately half of the company's tangible common equity on a pretax basis. This situation highlights the extent of financialization in the U.S. economy, with Wall Street's private sector financial assets being six times the size of the U.S. GDP, as reported by Bank of America. The disparity between Wall Street and Main Street is near all-time highs, reflecting a broader trend in economic dynamics.