Drudge has been running stories of the craziness involving the stock of Citibank and Bank of America today. In essence, there is a fear that the banks are in such bad shape that the government is going to seize them and run them. If that happens, they say, every share of stock becomes worthless. I started watching Citigroup about an hour ago when it was at a shocking $1.90. And it keeps getting worse.
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2.20.2009
The Only Thing We Have To Fear Is . . . A Lot
Drudge has been running stories of the craziness involving the stock of Citibank and Bank of America today. In essence, there is a fear that the banks are in such bad shape that the government is going to seize them and run them. If that happens, they say, every share of stock becomes worthless. I started watching Citigroup about an hour ago when it was at a shocking $1.90. And it keeps getting worse.
