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Re: Bank of America (BAC) Reaches Financial Crisis Levels 

By: ribit in ROUND | Recommend this post (2)
Tue, 20 Dec 11 4:19 AM | 34 view(s)
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Msg. 37231 of 45651
(This msg. is a reply to 37228 by capt_nemo)

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capt
...let em sink. Failure is part of capitalism same as success.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Bank of America (BAC) Reaches Financial Crisis Levels
By: capt_nemo
in ROUND
Tue, 20 Dec 11 4:07 AM
Msg. 37228 of 45651

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Bank of America is down by approximately 4.5% on the day and is trading below $5 for the first time since March of 2009. Bank of America shares have been under extreme pressure in the past year as the European debt crisis strengthens and the foreclosure market remains unresolved.

http://www.thedisciplinedinvestor.com/blog/2011/12/19/bank-of-america-bac-reaches-financial-crisis-levels/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thedisciplinedinvestor%2FEBHR+%28The+Disciplined+Investor%29

Submitted by Tyler Durden on 12/19/2011 - 16:25 BAC

As definitive evidence just how $ucked up this entire market is, here is what happens to the ES the second the infinite BAC Bid at $5.00 finally gets taken out. This is the ESH2. That's right - the entire market moved tens billions in market cap because the Plunge Protection Team just failed at protecting the "precious" $5.00 level.

Comments: 250
Reads: 18,938

Poor Buffet................

great comments,,,,,,,,,,,,,,,

http://www.zerohedge.com/news/bac-breaks-4-handle-drags-entire-market-down


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