*Update 2: Down 18% to $6.72
BAC is imploding as we type, and has broken below $7.
Down 15% on the day to $6.87, Zerohedge reports that CDS surges 20% to 260 bps on bankruptcy fears.
Still waiting on the S&P downgrade of BAC as well. Chart should look real pretty after a downgrade.
Bank of America Corporation Com(NYSE: BAC )
Real Time 6.77 1.09 (15.34%) 11:38AM EDT