Banks getting wacked, goverment has wasted our money on instutions that are heading to the graveyard anyway. What a crying shame!
All it takes is one nationalization and ALL bank shares will plunge. Buffett will get whacked in one of his biggest sectors http://macrospeculations.blogspot.com/2009/01/warren-e-buffett.html
Man what a shame. Looks like some bought Friday thinking a rally was in store with Obama nation, now running for cover OOPS!
I agree regarding "it just takes one nationalisation". This is what has happened in the UK since the start of trading on Monday. People are realising that (in addition to RBS), Lloyds and Barclays could also be nationalised. So the stocks of all three banks are tanking. As for the Macrospeculations blog - great content, but the layout (eg. changing font size, indentation) is a little tough on the eyes.
Why are your quotes wrong? BAC isn't down that much. Same with JPM. BAC is only down .60 and JPM 1 something. I'm not saying you're wrong.....I'm just saying. well, you're wrong lol. What program do you use? Yes you're right though. BAC is going under now IMO.....gov't is full of morons.
assuming BAC didn't go under, how soon are they allowed to raise their dividend from 1 cent per share under the terms of the recent government deal?