And, now, Beck’s song, “Where It’s At” will be stuck in my head all day… I got two turn tables and a microphone…
First up, Ken Lewis via another internal memo nabbed by Bloomberg all but telling the feds to shoot Citi, not Bank of America. C’mon, who else but C is Lewis talking about when he says “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.”
And, uh, what do you know, here’s Hugh McColl and Thomas Storrs making the same forward-looking “earnings power” argument on the op-ed pages of the Uptown paper. Can you say concerted strategic communication effort?
Read the rest of this Meck Deck article here.
This article appears in Feb 24 – Mar 3, 2009.
