"CM bought 10 billion in sub prime bonds just before said bonds collapsed and the the stock price went down and bottomed around $38.00"

I presume you were referring to 2008...
Since ALL the banks bottomed out like that in 2008 I don't think it was just a "tummy ache" from some "bad bonds" CM ate...
Interest rates soared and the banks dived...(it was a credit crisis)

I remain scared of them,(and in fact feel like I am looking at a pot boiling over lately.)
I may be "sitting on the outside looking in"...(and fidgeting a bit) but I see a party where the Guest of honor (our economy) has left the room....and some shady looking real estate characters are threatening to cause trouble.


I hope you don't mind my persistent doubts :)