Citigroup and Bank of America shareholders, beware

Citigroup is down 48% year to date.
Bank of America is down 66% year to date.



Speculators are betting on the US government soon taking action on those two companies and wiping shareholders.
Beware. This smells like what happened to Fannie and Freddie beginning September 2008.
Why would anybody keep shares of those companies today is beyond me.



Once again this temporary situation is disgusting, with speculators who can basically short the stocks and wait that the government wipes out the equity.



Will the government take over any other company ?
JPM and GS seem to hold.
WFC stock has suffered a lot since the beginning of the year. Though it´s hard to imagine that Wells Fargo would be taken over by the government. This is Warren Buffet´s turf.



And how many times are we going to see this scenario again ?