BofA CEO: No Additional Bailout Needed for BofA
From CNBC:
BofA CEO Lewis: Bank Will Not Need More TARP Funds Bank of America won't need any more bailout money from the government and hopes to pay back the $45 billion it's already received within three years, CEO Ken Lewis told CNBC.
... Lewis also dismissed speculation of a possible government nationalization of BofA as "absurd" and said the controversial acquisition of Merrill Lynch last year will "turn out to be a good investment over time."
...
"We're going to get on with doing business," he said. "And frankly, we had a pretty good January."
We will see.