BofA mortgage woes do not crimp capital

``Recovering from the U.S. housing market collapse will be long and painful, but with BofA shares about 20 percent below their tangible book value -- a measure of net value excluding intangible assets like goodwill -- the shares are set to perform better than the overall market in the year ahead, McDonald wrote.'' -- All will be fine BofA, that is, unless the government props to housing give out, and/or the foreclosure mess becomes significantly more expensive.