The relentless selling in Bank of America (BAC -2.9%) reminds of Joe Weisenthal of pre-crisis...

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

The relentless selling in Bank of America (BAC -2.9%) reminds of Joe Weisenthal of pre-crisis days and suggests that "the market knows something or thinks something that nobody can voice about how bad this will get." Shares hit session lows after FDIC chair Sheila Bair says the foreclosure mess reveals "critical flaws" in the system that will require a "global solution."