(1 vote)
Citigroup (C) and Bank of America (BAC) won’t live to see May. The government will take them over within the next 60 days. The announcement may come as soon as tomorrow evening...
The US government has already committed half a trillion dollars to these two firms which is more than 10 times the amount it would cost to buy and control both companies. The market doesn’t believe that $500 billion is enough to save these companies...
All the kings horses and all the kings men can’t put humpty dumpty back together again.
Film At 11:
http://www.chartingstocks.net/2009/02/gone-in-60-days-citi-and-bank-of-a...