Bank of America and CitiGroup have lost more than 90 percent of their value in the last year. Now, for the past six days, their stocks have not slowed down in losses.
Shareholders keep on selling the stocks because of fears that the U.S. government could nationalize the banks. The march to socialism continues!
At the time of this posting, Bank of America shares are now at 3.43 (down 0.51 from yesterday) and Citigroup is at 1.94 (down 0.57) at 2:39 p.m. EST.
Remember everyone, it is the banks' fault, not the government, according to President Obama.
IN THE NEWS:
Reuters: BofA, Citi shares fall on nationalization fears
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