My opinion is that Ken Lewis did the best he could with a bad situation. [/quote]
Ken Lewis CREATED HIS OWN bad situation(s). He didn’t have to even approach Merrill. Owning Merrill was completely unnecessary from a strategic standpoint. He didn’t have to buy Countrywide. Everyone on this board had an inkling that Countrywide was an abortion before Ken Lewis decided to buy it.
Ken Lewis was just totally and completely wrong about how bad things were in his own business and he tried to expand when he should have been hoarding his acorns and delevering. It’s as simple as that. They should have fired his ass a LONG time ago.
