Bank stocks getting hammered......BOA now at 5.53 a share.

[dixiegrrrrl]

Wonder how many folks have shorted it?

[SoCalNative]

1. Good

I hope they all end up in negative territory.

[Warpy]

2. Holy shit

Of course if there is one bank that needs to be nationalized (other than the Fed) it's probably BoA. Their shitty management has to be cleaned out and the fear of prison put into the rest of them so they don't get sticky fingers, too.

I've tried to avoid financial stocks as much as I can because I know what a house of cards most of those institutions represent.

[classof56]

3. That's enough to pay the charge for using a BoA debit card.

Sell a bunch of shares and you're good to go!

:evilgrin:

[dixiegrrrrl]

4. Y'all DO realize this is deja vu of 2008, minus the ability to bail out failing banks

right? You DO know that?
On a global scale, now.
The bank stocks are collapsing because no body trusts anybody else to have the value they claim they have in the "vaults", so to speak.
which means credit is going to seize up in a nano second. Or has, already.