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  • Wall Street Breakfast: Must-Know News [View article]
    Re: 'Lewis sends Thain packing'...

    This seems to me to be more important as a reflection on Ken Lewis' judgment than much of a revelation on the character of John Thain!

    Thain did a remarkable job of salesmanship that would do any used-car shill proud in selling Ken Lewis a colossal white elephant. Ken Lewis fell for it hook, line and sinker, and now is flip-flopping like a fish out of water.

    Lewis seems to be struggling to propel BAC deeper into the super-conglomerate banking model at taxpayer expense, when the proper direction should be to trim the bank down into something 'workable' rather than be hunting for more and more acquisitions!

    At the end of the day, history will not be kind to Ken Lewis, if in fact it remembers him at all!
    Jan 23 09:19 am |Rating: +4 0 |Link to Comment
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