globalHOBBIT

BofA's Merrill Purchase: Good for America, Bad for Them

Ken Lewis was worried about nothing but making himself look great and he did. With the purchase of Countrywide & Merrill Lynch then using TARP funds to buy a Chinese bank he looked like a great big fool. I have almost 30 years worth of BAC stock in my IRA that now worth a fraction of its cost. I retire in June 09. Please tell me what I should think about Ken Lewis? If you were me what would you think of Mr. Lewis' actions? No, BAC was not my entire portfolio but about 10% of it. Ken Lewis needs to be fired as does his board. Geithner will soon nationalize this bank anyway I fear.