(Source: Seeking Alpha) – The troubles at the banks like Citigroup (C) and Bank of America (BAC) are no secret. Their performance over the last 1, 3, 5, and 10 years has been miserable. You will not find very many happy investors with stock performance like that at B of A:As you can see, Bank of America has underperformed the S&P 500 by wide margins over the last 1, 3, 5, and 10 years! I think that it could also be safely argued that Bank of America would not be around today had it not been for TARP.
Source: Seeking Alpha
September 1, 2011
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