tag:blogger.com,1999:blog-14963913.post5947799768136152972..comments2023-10-27T20:27:57.900-04:00Comments on Kid Dynamite's World: I Just Have One Question for Ken LewisKid Dynamitehttp://www.blogger.com/profile/17475987512856310577noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-14963913.post-30773997552103318382009-04-10T19:08:00.000-04:002009-04-10T19:08:00.000-04:00Are you ever going back to Vegas and leaving a pos...Are you ever going back to Vegas and leaving a post that's fun to read? Last time I went I printed about 6 of your trip reports to read on the plane ride out there....perfect prep for the trip.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-74150618745802482002009-04-09T18:22:00.000-04:002009-04-09T18:22:00.000-04:00that is a completely bullshit excuse: "i didn't wa...that is a completely bullshit excuse: "i didn't want to buy MER - the gov't made me do it." BAC is not the victim here<BR/><BR/>Lewis wanted MER for years - and he's such a horrendous dealmaker that he thought he was SCOOPING the company. <BR/><BR/>but guess what - it's irrelevant. if there were $118 BILLION in impaired assets at MER that he didn't do his due dilligence on - that is MORE evidence of his gross incompetenceKid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-6354107014363118092009-04-09T12:54:00.000-04:002009-04-09T12:54:00.000-04:00The $118 billion was post the Merrill Lynch acquis...The $118 billion was post the Merrill Lynch acquisition, and was primarily meant to backstop losses for that deal. They took the $15 billion prior to the deal announcement.<BR/><BR/>As has been repeated ad nauseum, they wanted out of the Merrill Lynch deal (which I assume they could have gotten with any standard MAC clause) but the government wanted them to complete the deal.<BR/><BR/>The additional assistance was to spur them to complete the deal. <BR/><BR/>Also of the original $25 billion, $10 billion was meant for Merrill. So if they hadn't done the deal with would only have borrowed $15 billion, or an amount they could pay back with a sale of their CCB stock.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-23167686048100012522009-04-08T21:43:00.000-04:002009-04-08T21:43:00.000-04:00Lewis is the ultimate DOUCHE!Lewis is the ultimate DOUCHE!Barnacle Billhttps://www.blogger.com/profile/12908903056053419959noreply@blogger.com