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As well covered by Housing PANIC and Calculated Risk, Bank of America’s CEO Ken Lewis has made some waves with his comment:
"We are close to a time when we’ll look back and say we did some stupid things. We need a little more sanity in a period in which everyone feels invincible and thinks this is different."
The full article is up on Bloomberg. Keith at HousingPANIC, Mortgage Impode-o-Meter and CR have some brief thoughts as well.
My take: replace "stupid" with irresponsible, illegal, shady, fraudulent, criminal, malfeasant, etc. and the sentence works even better.
Last 3 posts by Morgan
- Subprime Bananas - June 28th, 2009
- Roubini: No confidence in government exit strategy - June 24th, 2009
- Goldman bonuses largest in firm's 140-year history - June 21st, 2009
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