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From Bank of America CEO Ken Lewis, on the $45 billion in taxpayer capital that they accepted last year:
“As soon as we think the markets normalize, we would very seriously like to pay it all back.”
Granted, Lewis left himself the escape hatch of waiting until “markets normalize” to pay back this capital, but even so this statement means one of three things: (1) he’s lying, (2) he’s crazy, or (3) BofA really is in fairly decent shape. I report, you decide.
