In the depth of the financial crisis, Citi and Bank Of America seemed to be in Similar Shape?

Why has Bank Of America's stock risen so much more than Citigroup's in terms of its price as of March 2008, compared to its price now?In the depth of the financial crisis, Citi and Bank Of America seemed to be in Similar Shape?A little-known fact about companies like BoA is that they actually profit when people have to foreclose on their homes. For example - a clause in BoA's mortgage agreement states that the borrower is required to keep a certain amount of homeowners insurance for the life of the loan (to protect the interest of the bank). If the borrower misses payments, or if the insurance lapses for any reason, the bank is allowed to enroll the borrower in "lender placed protection", which is basically extremely expensive insurance bought from an insurance company that the bank owns, and only insures the structure (not any personal property, which is usually included in regular insurance policies). It is an unholy annoyance to try to get any kind of refund for this lender placed insurance, so the borrower is usually just screwed. One little financial slip-up can turn into a HUGE problem, especially for people who took out a mortgage for more then they can afford. I'm honestly not even sure why BoA accepted the bailout money - they certainly didn't need it, having posted record profits almost immediately after the economy tanked.