Another candidate for the wall of ....

Well Lewis is right BAC is superior to all rivals as they have the smartest CEO in the industry who has the unique capability not only to catch falling knives , he even can pay 3-4 times more what it might be worth thereby destroying 10s of billions of stockowner and taxpayers money. Hard to find such smart bankers these days even his Harvard trained MBA's have a hard time to compete with such competence and shrewd business skills.
The only thing which disturbs is all the TARP money and the extra aid he got recently but I am sure this morons from DC forced him to take all the money to make him look vulnerable and they might have been afraid he runs for President next term - America needs strong leaders.

Bank of America Stronger Than Rivals, CEO Lewis

Feb. 24 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Kenneth Lewis, decrying “rumor, innuendo and falsehoods,” told employees that the bank’s prospects are “far superior to those of most of our competitors.”

Lewis, in his second internal memo in five days, reiterated today that Bank of America doesn’t need further assistance now and doesn’t anticipate seeking more aid. The Wall Street Journal said yesterday that the U.S. government may boost its stake in Citigroup Inc. to 40 percent.

“Bank of America’s overwhelmingly large deposit base, our consumer and commercial customer base, and earnings power give us a great advantage over banks that have been more badly damaged in the current crisis,” Lewis, 61, wrote in the memo. Bank spokesman Scott Silvestri confirmed its authenticity.