KEY or MI... both well capitalized, with no chance of bankruptcy and both are near 52-week lows. Much better value as SNV 'could' go bankrupt. Although the odds favor it surviving there is a 30% chance of bankruptcy while KEY and MI have a 0% chance of bankruptcy and both had huge demand for their secondaries $1 over what they are now selling for. Neither of the 3 are in great positions, but at these levels if you take bankruptcy off the table, you can at least sit on MI or KEY long-term and KNOW that they will bounce back at some point to their previous levels. SNV not so sure, too many unanswered questions, could fold any day. Risk/Reward seems to be better with MI and KEY, my 2 speculative regional bank picks for short-term 50%-100% gains.