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Jul.09
5:14 PM ET
Wednesday, 9 Jul 2008
Bofa CEO Lewis Says He Sees No Need To Cut Dividend--Now
Here are three clips from Bank of America CEO Ken Lewis' speech today on mortgages.
Most importantly he sees no need to cut the dividend or raise capital, but "it is hard to be completely unequivocal about anything."
In clip number two, Lewis discusses the shadow bank and BAC's dividend.
The third clip shows him taking questions--but not from reporters. Lewis ducked out the back door and left faster than you can say "subprime."
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