There are possibly still some more skeletons in the closet but this stock approached 2$ recently because nationalization and completely wiping out the stockholders was a "realistic scenario" for the street.
This seems to be over, BAC will survive (privately owned) if you ask me, so I would be surprised to see 2$ again. Having said that 20$ won't happen soon either.
But who cares if you hold it long-term. Where is the stock price in 5 or 6 years ? Defintely not 2 $, so I'm positive, this is a historic chance to start a position.
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