Wednesday, April 8, 2009

And More on BAC - Fox Interview With Ken Lewis

In the interview with Fox, Lewis presumably (I haven't watched that part of the interview yet) said again that BAC doesn't need more capital. Given the fact that he's in conversations with regulators constantly, I don't understand how he'd make the statement if it wasn't actually true. If it's not true, he'll be given a boot in three weeks, and if it is, BAC is going to 10+ a share very shortly.

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