Monday, January 12, 2009

Drama Scene at BofA/Merrill

Per Dealbreaker's writeup about Gasparino's blog report: Trouble In Bank of Amerillwide Paradise?

The lovefest is a sham and that Merrill Lynch CEO John Thain and Bank of America CEO Ken Lewis don't even like each other. Also, BAC is apparently having a case of buyer's remorse re: MER.

There has been nothing stable and confidence-building about watching these two firms work out their differences. Inside Bank of America, people I speak to say they can't believe what they have gotten into.

Wow! Also that John Thain wants to be the next Ken Lewis!

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