DMac
8th August 2011, 09:58 AM
Bank of America is going down!
SKF up 9%, FAZ up 13%
http://www.zerohedge.com/news/here-comes-tarp-2-bank-america-implodes-687-bac-cds-20-260-bps-bankruptcy-contemplated
http://247wallst.com/2011/08/08/how-aigs-suit-on-bofa-matters-aig-bac-gs-jpm-c-hban-rf/
Zero Hedge | Bank Of America Implodes, At $6.87, BAC Credit Default Swaps Up 20% To 260 bps As Bankruptcy Contemplated (http://grandcountyuncensored.com/2011/08/08/zero-hedge-bank-of-america-implodes-at-6-87-bac-credit-default-swaps-up-20-to-260-bps-as-bankruptcy-contemplated/)
Do you have money in Bank of America? If you’d like to be able to spend it some day, it might be a good idea to go get it out. This is the stuff of bank runs when there are no more policy tools to use to avoid the inevitable.
SKF up 9%, FAZ up 13%
http://www.zerohedge.com/news/here-comes-tarp-2-bank-america-implodes-687-bac-cds-20-260-bps-bankruptcy-contemplated
http://247wallst.com/2011/08/08/how-aigs-suit-on-bofa-matters-aig-bac-gs-jpm-c-hban-rf/
Zero Hedge | Bank Of America Implodes, At $6.87, BAC Credit Default Swaps Up 20% To 260 bps As Bankruptcy Contemplated (http://grandcountyuncensored.com/2011/08/08/zero-hedge-bank-of-america-implodes-at-6-87-bac-credit-default-swaps-up-20-to-260-bps-as-bankruptcy-contemplated/)
Do you have money in Bank of America? If you’d like to be able to spend it some day, it might be a good idea to go get it out. This is the stuff of bank runs when there are no more policy tools to use to avoid the inevitable.