Friday, March 27, 2009

Ken Lewis - Liar, Moron, Or Both?

Here's an excerpt from my February 7th analysis of Ken Lewis' interview:

And here's what I just came across tonight:

J.P. Morgan Chase Chief Executive James Dimon said…that March was a little tougher than the first two months of the year….Bank of America…CEO Kenneth Lewis also said that March had been a tougher month for his bank.

I fully expect these banks to lie and report *profits* on their next earnings releases.

But it will only take about 2 minutes for bloggers to find where they fudged, again.


Mia said...


Tis better to be lucky than have talent. Anecdotal evidence you can become CEO on sheer luck. Anecdotal evidence against elite talent compensation. Case study on morons getting lucky and grifting millions.

Michael Davey said...

Did you see him stop himself after starting to blurt we'll still be profitable for the quar... [then he stops and says: oh, it's too late in the quarter for disclosure, I'm sorry.]

I heard it (in the other room), went in there and replayed it. It was a work of art.

As in con-art

CaptiousNut said...


Yeah, those big companies are all political from upper management all the way to the top.


Haven't watched CNBC in years. I might only put it on early in the morning to see the futures. Obviously, I'm certainly not too fond of Ken in any way, shape, or form.

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