Monday, 13 July 2009

BAC cheek

Ken Lewis is doing BAC shareholders absolutely no favours. Firstly he does the CFC deal looking to be an empire building hero, then he doubles down with MER, then he implies that the Fed stopped him telling his shareholders the truth and now this? Just because you don't claim on an insurance policy doesn't mean you don't have to pay for it. This guy is just a liability, he's intellectually lazy and appears to be more than a little liberal with the truth, I wouldn't let him use scissors on his own, let alone look after a balance sheet the size of BAC.

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