Bank of America CEO insists he won't need more help

The press continues to run to Senator Chris Dodd, Rep. Barney Frank and Alan Greenspan for advice. These three are the major architects of the financial crisis we are in today. Furthermore, CEO Ken Lewis would know more about his bank than Chris Dodd, Barney Frank or Alan Greenspan.

then why he increasy my intersit rate ?that's means he take my money to solve his problem but he doesn't know that's can destroy me and him as we have this problem in our country ,he doesn't help the economy but destroy it!!!!!!!!!!!!!!!!!!!!!

If B of A is solvent, let them prove it by starting to make loans again.

Agreed, Dodd and Greenspan don't really seem to be too insightful or "The New Blood" on these issues. Greenspan should really stop it already, he was a big supportedof the Economic Modernization Act of 1999 which encouraged wholesale securitization & Dodd was there the whole time when deregulation was king - and when Phil Gramm's Commodity Futures Trading Act of 2000 passed which deregulated Credit Default Swaps (the major culprit for this Recession). CNN & Kudlow are rumour happy on the Nationalization myth - I think this is irresponsible 'journalism' in this environment. Soros, too, is gloom & doom, but before he says anything else on T.V., he should fully disclose his positions as well.

Since when do we make some bloggers biased comments "News?" When I go to "News" on Google I expect to find news that is reliable and valid, not an opinion.

I agree.. These CEOs cannot speak the truth to investors/public until the matter is out.

It happened with Bear Stearns and Lehman Brothers in the same way. They repeatedly said there was no problem with their financial situation. Over time both collapsed like begging bowls.

Now it's all to do with what Government wants to do with them. Bank of America is the favorite of Paulson, and FED. They helped them with $85B of taxpayer money which they are happily burning. May be there is still more left to burn. That is why they are saying they are confident for now.

Thanks.
-fornls.

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He might not need more bailout money he already got a big chunk of it. But if our economy spirals down to a 10 year depression he might need more bail out money. I take most of these comments with a grain of salt, it's getting to the point I might need to buy a salt lick. :)

Yeah BofA says they don't need more money. Like I say to the girls my tool is 12" long. The girls laugh at me because they don't believe me and I laugh at BofA because they are so full of Sh"t it is running out their As".

he doesnt need any more money if the bank is going to be nationalized. he might need a new job, though.

Gripe, complain, rant. Here is an actual solution that could save the banks and get us out of the fiscal mess. And it is a free market solution.

http://www.dnusbaum.com/fix.html

BofA Ceo is so full of sh"t it's running out his As". This is the nicest way to put the way I see his lies and denial about BofA.

Bank of America has tripled the interest rate on my credit card for absolutely no reason. I've never missed a payment with them - or anybody else. I've been working for 35 years, I own a home that isn't under water, I pay my bills, I'm living sensibly (except for the occasional credit card).
First, Bank of America takes the bailout dollars and now they're taking the miniscule tax cut that I'm going to receive by jacking up my credit card interest rate and monthly payment.
My goal in life is to pay off that card and never, ever, ever do business with B of A again. Fool me once, shame on you; fool me twice, shame on me.
I'm not rooting for them - if they fail, they fail. Too bad.