CEO Ken Lewis now says it was a "tactical mistake" to ask the government for $20 billion to absorb Merrill Lynch because now Bank of America appears to be in the same crappy category as Citigroup.
I blame President "Doom & Gloom" Obama. He probably scared the wits out of Lewis. And now look at the consequence.
Maybe he can learn from U.S. Bancorp CEO Richard Davis instead, who tells the truth about TARP.
Tuesday, March 3, 2009
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