I have been watching BAC closely and it looks like they are in dire trouble. They will be next in line for a $100 billion plus dollar federal bailout. They will really be "Bank of America"-Lou
Bank of America Slides on Concern for Nationalization
Feb. 5 (Bloomberg) -- Bank of America Corp., the nation’s largest bank, declined to its lowest level in New York trading since 1984 on concern regulators may seize the company after a $138 billion U.S. bailout package failed to halt the slide.
The bank fell 15 cents, or 3.2 percent, to $4.55 at 12:20 p.m. in New York Stock Exchange composite trading, and earlier declined as much as 20 percent to its lowest level since October 1984. The stock of the Charlotte, North Carolina-based company has dropped for six days and lost more than two-thirds of its value this year.
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