Should Bank of America really trade below book value? Join Motley Fool analysts Matt Koppenheffer and David Hanson as they discuss JPMorgan and Bernie Madoff, talk about two stocks they wish took a 30% haircut, and go to their mailbag to prove David wrong!

David Hanson owns shares of Zillow. Matt Koppenheffer owns shares of Berkshire Hathaway, Zillow, Bank of America, and The Blackstone Group L.P.. The Motley Fool recommends Bank of America, Berkshire Hathaway, MasterCard, Visa, and Zillow. The Motley Fool owns shares of Bank of America, Berkshire Hathaway, MasterCard, Visa, and Zillow. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.