Ken Lewis defends Bank of America’s stress test results
In the CNBC video below, Ken Lewis defends his company’s performance on the stress test and answers some pointed questions in the John Thain – Ben Bernanke – Ken Lewis – Hank Paulson he said she said match. He also details how Bank of America plans to raise the $34 billion in capital to deal with the government’s plans. All in all, despite looking very stressed, it was a good performance from Lewis. Take a look. By the way, Lewis says Countrywide “is on fire in a positive way.”
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