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Bank of America back in collapse mode.

Heh, as shown here:

http://finance.yahoo.com/q?s=BAC

Bank of America (soon to be Bonnie Mae, at this rate) is down 5% in pre-gambling.

Which puts it back in the six-dollar range.

So, will Obama pick up the red phone and call “Uncle Warren” to beg the ukelele-playing, cheeseburger-eating, billionaire to again bail out BAC?

Or, will Uncle Gorilla skip this step and proceed right to converting BAC to “Bonnie Mae”, to join her cousins Fannie and Freddie as yet another zombie enterprise?

Really, this is looking bad for BofA, and even worse for the financial system.

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