BAC will survive. The question is whether it will be a publicly traded company or a nationalized bank. If a bad bank is set up that buys the bad assets and BAC remains a publicly traded company, it's a great buy here. You may get a bounce to 12-14 in the short term and the sky is the limit long term. If the bank is nationalized, shareholders will get zero. A decision to invest on BAC should be based on which way you think this is going to go. There is strong sentiment for a bad bank. However, I would not put the idea of a nationalized bank beyond the current administration.