It's bewildering how fast the personal stock of Ken Lewis is dropping. The only thing dropping faster is the stock of the bank he captains, Bank of America. Investors have been relentless, pushing the stock down for the last six days to lows that have not been seen in more than two decades. 

The fear of nationalization is driving a lot of this, whether it's rational or not. The front-page treatment in the Wall Street Journal certainly did not inspire confidence, as Lewis came off as a man trying to flee the Merrill Lynch deal if only his government handlers would let him. We've heard mounting criticism as of late, with some calling for his job. Meanwhile, the bank is selling corporate jets to raise cash.

For more on Bank of America's stock:
- here's a MarketWatch article

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