The banks are a bear
The banks that are too big to fail sure do have small stock prices. Bank of America, $5. Citigroup, $3. Wells Fargo, $14. And investors are still dumping them. Bank shares are a big reason Wall Street’s flirting with lows from last November — bear market lows. The Dow’s below 7,600 today. Ouch.
As for banks that are clearly not too big to fail, thestreet.com has a new interactive map where you can see all of the bank failures from the past year. They’ll be adding to it, I’m sure.
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