Bailout CNBC: Bank of America CEO Ken Lewis Should Shut His Pie Hole

He's still incredibly out of touch with the American people. Listen early on as he says that $500k in salary is ok. That he'll make do. Ken, some advice, next time you open your pie hole: remember that the average taxpayer earns less than $40k in this country and most work just as hard as you. Plus none of them has billed taxpayers for $45 billion nor requested a $120 billion guarantee on shit assets, nor did any of them give Merrill $15 billion to spend on bonuses. You are unique in your achievements.

And yet you still have a job (seriously wtf?), for which we are paying you $500k. I just contemplated that sentence. Why are you being paid at all for 2009?  You should have been shit-canned months ago for driving BAC into the ground with the 2 most ill-conceived bank purchases of the last decade.

After the jump is the full interview with CNBC's Maria Bartiromo from this afternoon.

And here is Ken Lewis in all his glory today on CNBC. They prohibit embedding their videos so you have to go there to see it.  Scan down the article and you will see the video on the left.

The sneaky folks at CNBC edited this video and put the altered version on their main video page. I didn't link to that one. My link is to the original version.  Anyone surprised to hear that the only part they edited was Lewis talking about the $500k pay caps?  Bastards. 

Comments

[Ain't Bullshittn']

You thought this was bad. The Census has been moved from the Commerce Dept. to be overseen by Rham Emanuel and the White House. You ain't seen nothing yet!!!!!

[spideydouble]

I love how these corrupt financial journalists (and the executives themselves) keep phrasing this in how to keep talent. Talent? Talent? How much talent does it take to drive your co. into the ground, making such winning plays as acquisitions of Countrywide and Merrill Lynch, and requiring $45bn in capital infusions and $120bn in guarantees on toxic waste. I am certain additional capital and guarantees will be required to keep the black hole that is Bank of America satiated.

Ken Lewis is lucky to have a job at all, and IMO, he should be fired immediately for cause and investigated for fraud and misfeasance. I wish the Plagues of Egypt on you and the others responsible for the destruction of economies around the world, doubling of the U.S. National Debt, and the abysmal future you have created for future children worldwide. I don't know how you can sleep nights - other than I suspect you are a sociopath at best and a psychopath at worst. I would rather my daxdollars be spent hiring legal teams to prosecute SOBs like you. The more I see apologists like "Maria Bartiromo" and "Erin Burnett" perform PR pieces for some of the industry's worst offenders, the angrier I get.

[JanSimpson]

Okay post - I find your liberal slant of Ken Lewis laughable. Where are your thoughts on JP Morgan, on Goldman Sachs? Do you actually think you will be able to get your money back from Goldman Sachs, JP Morgan, Wells Fargo, GMAC? How much has your views costs the American Taxpayers in entitlement wealth redistribution? Do you have kids? Do you think your kids will continue to get wealth redistribution after Obama is gone from office?

I would suggest you come back to reality- and think about the future - that is conservatives do - they conserve for the future and not reckless spending and act like heathens -

Good luck with tax bill -

JanSimpson

[DailyBail]

@Jan

Wow. You should take the time to read the site for awhile before jumping to conclusions about me. I'm a fiscal conservative.

You really didn't read the article too closely either. I clearly state that my objection is related to BAC getting 2 separate bailouts plus a guarantee, plus FDIC-backed debt. Then it is further compounded by Lewis making 2 horrible acquisitions. So yes I wanted him fired and still do.

And for the record, if your company is not getting taxpayer dollars then live your life and pay your employees whatever you wish.

Sheesh, I forget sometimes why I started this site. Half the time I'm deflecting shots from people who don't bother even to read the article closely.