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03-03-2009, 04:58 PM
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Senior Member
Status:
"Too cold here going back REAL soon."
(set 10 days ago)
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Join Date: Oct 2006
Location: 29.76/-95.36
2,828 posts, read 260,372 times
Reputation: 763
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Forbes on Ken Lewis's Demise
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03-03-2009, 05:54 PM
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Life is a Journey
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Join Date: Jan 2007
Location: Yellow Brick Road
20,822 posts, read 11,682,665 times
Reputation: 4203
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Very nice article wh/ I had not seen - and very much appreciate your sharing with us, John.
I agree. Lewis should go. Ken Lewis's decisions affected a lot more than a bank and it stockholders. His imprudent judgement calls on ML have resulted in lives turned upside down - not only here in Charlotte - but across the nation, as workers face lay-offs and cutbacks. And those job losses then trickle down into the community and through neighborhoods.
Mortgage bankers who handed out subprime and Alt-A loans like candy were living the same life at the office that American society has come to accept: we are a debtor nation. Ken Lewis's decisions were blinded by personal ambition and greed - and have helped create a nation with less assets - and often - insurmountable debt.
It is more than a sad story. It is a damn tragedy when you look at how Lewis's decisions have affected so many lives in such a profoundly negative manner.
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03-03-2009, 06:34 PM
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Senior Member
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Join Date: Sep 2008
852 posts, read 500,354 times
Reputation: 511
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He came across as a buffoon at the Congressional hearings. Shocking!
lln
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03-03-2009, 07:46 PM
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What if Everyone Served Each Other?
Status:
"To New Beginnings!!"
(set 8 days ago)
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Join Date: Jun 2008
Location: Charlotte, NC
4,092 posts, read 1,802,811 times
Reputation: 695
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Excellent article.
and, welcome back, John!!!  |
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03-03-2009, 07:49 PM
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Save the Republic
Status:
"Merry Christmas!"
(set 2 days ago)
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Join Date: Aug 2007
Location: CLT native
3,427 posts, read 1,974,324 times
Reputation: 1214
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He's out.
I know his neighbors, and he does know he is OUT.
Ba-Bye...
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03-03-2009, 08:20 PM
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What if Everyone Served Each Other?
Status:
"To New Beginnings!!"
(set 8 days ago)
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Join Date: Jun 2008
Location: Charlotte, NC
4,092 posts, read 1,802,811 times
Reputation: 695
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03-03-2009, 08:30 PM
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Life is a Journey
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Join Date: Jan 2007
Location: Yellow Brick Road
20,822 posts, read 11,682,665 times
Reputation: 4203
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Quote:
Originally Posted by chicagocubs
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Some might say . . . share jail cells.  |
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03-03-2009, 08:30 PM
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"Ad astra per aspera"
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Join Date: Aug 2007
Location: West Cardassia, NC
2,115 posts, read 1,367,537 times
Reputation: 751
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After he was "grilled" by the NY Attorney General, he looked like a deer caught in the headlights. Now, he'll be "barbecued" by the shareholders! Wasn't it a long way down?
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03-03-2009, 08:44 PM
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Member
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Join Date: Aug 2007
91 posts, read 84,747 times
Reputation: 34
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Quote:
Originally Posted by johne482
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The fall of BofA is an American tragedy. The writer was spot on.
Thanks for sharing it. |
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03-03-2009, 08:47 PM
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Senior Member
Status:
"Jesus is the reason for the season..."
(set 12 days ago)
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Join Date: Feb 2008
Location: Charlotte, NC
1,898 posts, read 579,682 times
Reputation: 677
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thanks for posting this...
Ken can slum like the rest of us.
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