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To: Qualified Opinion who wrote (75995)	4/8/2009 1:26:29 PM
From: Keith Feral	Respond to of 118717

The way that Meredith Whitney is going, she will probably come out and call bs on that theory. She wants to be part of the new recovery image for the banks. She came to Ken Lewis's defense on the Meeting of the Bears and said he was doing a good job and should not be replaced. She did point out that the MER purchase was a random act of kindness, but that hardly seems to be the case. Lewis has acquired so many companies over the past decade - MBNA, Fleet Boston, Lasalle, CountryWide, and Merrill. If all of his other acquisitions were successful, this one will probably work out over time too. Both companies have alot of other add ons that no one is considering like Blackrock. BAC had another big asset mgmt company they were talking about selling, since it was redundant to their position in Blackrock. If people were thinking about his leadership in any other industry than banking at the moment, he would deserve the title as being one of the best CEO's in the country at the moment. However, the banks are all suffering at the moment, so he gets no credit.