Citigroup (C) and Bank of America (BAC) bond prices are in freefall as bondholders wake up to...

|About: Bank of America Corpora... (BAC)|By:, SA News Editor

Citigroup (C) and Bank of America (BAC) bond prices are in freefall as bondholders wake up to the reality that they're next in line. "At some time, the government is going to say enough is enough, the only way we will give you more cash is if the bondholders have to be hit."