Bank of America (BAC) sinks below $6, hitting its lowest price since March 2009. The shares are about 15% lower than the level they were at when Buffett announced his investment in the bank. Like the Goldman and GE deals, the move may pay off for Buffett; for shareholders, not so much.
On a separate note, BAC's website has been down since they made the announcement on Friday that they were going to charge $5 a month for customers to use their debit cards. The company claims that the site is just running very slow due to the volume of people accessing it.
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