Quote:
Originally Posted by dodger21
not true...take a look at BAC, WFC, C, FNM...all these guys took tarp funds, now theyre starting to pay it back.
Bank of America was at 3.75 in march
citi 1.02 in march
Wells fargo 8 bucks
fannie mae 30 cents
take a look at all of these now. while everyone else was short selling these stocks, i was doing the opposite. Fannie can still be a good stock and very affordable right now
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BofA especially I can see though...even if they did take tarp funds, they were one of the strongest banks through everything. AIG had seemed to be in complete ruins and unless something has changed that drastically, it just seems ridiculous that it dropped so low ($7 post split) and has climbed back up this high. I guess a bunch of it could be from the overall increase in stock market too though.