Dec 12, 2007

Ken Lewis on housing slump

The drag stops in the next few months. It's just about to be over. We're seeing the worst of it.

We do not see a recession. Because that drag stops, you'll see the economy begin to pick up in the third and fourth quarters.

~ Ken Lewis, CEO, Bank of America, "Lewis Says Housing Slump Just About Over," Bloomberg, June 20, 2007

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