Get this on the CNN homepage today as their main story they were talking about part of the reason that stocks went down a lot this week was fear that Bank of America and Citigroup are going to be nationalized!!!!
Citigroup dropped 33% to $1.68 today!!!!!!! They say "Citi never sleeps" well yea I wouldn't be able to sleep either if my stock was at a buck and I owed the government hundreds of billions
Do you think this nationalization will really happen? I would have doubted that 6 months ago but not it is looking like anything is possible. I guess Bank of America has a good name already if it becomes owned by the govt so at least they won't have to change the name