Tuesday, October 7: A bad day for CEOs. Psychological barriers are breached
"These are the most difficult times for financial institutions that I have experienced in my 39 years of banking." - Bank of America CEO Ken Lewis
"If they didn’t let a bank fail, how were they going to prove there was a serious problem? You kill a chicken to scare the monkey..."
Tuesday, October 7: A bad day for CEOs. Dick Fuld faces Congressional grilling. Ken Lewis announces BofA’s capital raising exercise