Buying bank stocks?

Large banks such as citi, Barclays, and BAC r trading at a P/B less than 1, with low P/E ratios at a large discount to the market. Is it a bad idea to buy and hold the dip in the larger banks? R these banks not to big to fail? Would the dollar be worth anything if these banks all failed anyways? Seems like a golden opportunity to earn a large return, am I crazy?

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