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Wednesday, February 25, 2009
News Ken Lewis spins the news
Posted By Rhiannon Fionn-Bowman on Wed, Feb 25, 2009 at 1:08 PM
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.
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