Monday, July 14, 2008

The Plan Seems to Be Working

Paulson scares the sh#@#t out of bank shareholders. While Randy Quarles gets ready to buy.

In trading today,Citigroup fell 6%, J.P. Morgan Chase dropped 4.4%, and Bank of America fell 7%. Zions Bancorp dropped 23.2% and First Horizon National plunged 25.2%.National City slid 14.7%. Washington Mutual fell 34.8% and Wachovia dropped nearly 14.7%.

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