Eugene David
...The One-Minute Pundit

Monday, October 06, 2008


"These are the most difficult times for financial institutions that I have experienced in my 39 years in banking."

That means Ken Lewis of BofA started in '69 and was presumably just a junior exec during the '73 recession, and he probably vaguely remembers that, and he may have glanced off the '81 model too. Not to sugar coat the present mess but we wonder what the real old timers would know, and whether they might find some people guilty of self-fulfilling hyperbole.

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