Here is the graphic picture of the destruction of America's largest banks, Citigroup and Bank of America. Fears of nationalization crashed the already wounded financial sector this week. It looks like some form of nationalization will be necessary to save the system. Common stockholders will most likely get wiped out. I would not want to be an owner of ANY bank or insurance company stock at this time. If you are, prepare yourself the prospect that your stock may go to zero.-Lou
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