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“Our game plan is designed to get the government out of our bank as quickly as possible” Ken Lewis, Bank of America |
Told by the Federal Reserve last month to come up with a plan to raise $33.9 billion in common equity before November, Ken Lewis, chief executive of Bank of America, did not bat an eyelid. “We do not need new government money and we do not intend to convert the existing Tarp money we have,” he told investors.
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