Bank Of Americas, Ken Lewis

Hes the best and most honest banker out there.

 

He's either brilliant or an idiot. I think the latter but time will tell; based on what I'm hearing now on bloomie + what he did with countrywide.

 

They have the balance sheet to swallow these guys no problem.

 

Yup, that's why the deal is all stock and no cash.

Honest banker? That's an oxymoron.

 

He bought this company near a 15 year low. Alot of these CEOS buy companies near there all time highs.

 

With that logic, he might as well buy any company near it's 10-15 year low. I'm pretty sure it will work wonders.

 

BAC is getting too big way too fast. Plus, they're taking on the debt from both MER and CFC. If the economy doesn't improve from here anytime soon, BAC could go under itself.

 

In this country, getting too big is the right way to prevent failure.

 

Thanks to all of us shorts!