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.
