Bank Of America Entering Free-Fall Mode

by Scott Rubin, Benzinga Staff Writer

August 22, 2011 3:39 PM | 19 seconds read |

Bank of America

BAC

shares are now down better than 7% and are starting to free-fall, just like in 2008. The stock is dangerously close to making a new 52-week low, and CDS on the bank's debt has blown out to near 2008 levels. Volume has been massive again today with more than 300 million BAC shares trading hands.

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