Nationalization fears hit Citi, BofA (Reuters)

People walk past a Citibank branch in downtown Washington, February 20, 2009. (Yuri Gripas/Reuters)Reuters – Bank of America Corp shares sank below $3 and Citigroup Inc tumbled below $2 on Friday, hammered by growing fears that the U.S. government could nationalize the banks, wiping out shareholders.

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