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
Dec 12, 2007
Ken Lewis on housing slump
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