Ken Lewis defends Bank of America’s stress test results

| 8 May 2009 09:53

In the CNBC video below, Ken Lewis defends his company’s performance on the stress test and answers some pointed questions in the John Thain – Ben Bernanke – Ken Lewis – Hank Paulson he said she said match.  He also details how Bank of America plans to raise the $34 billion in capital to deal with the government’s plans.  All in all, despite looking very stressed, it was a good performance from Lewis.  Take a look. By the way, Lewis says Countrywide “is on fire in a positive way.”

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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