I have often questioned the actions of BAC management. I think I am pretty bright, but I know I am not the brightest bulb in the pack and I don't try to denigrate other's intelligence in order to make myseld seem smarter. I assume Ken Lewis is a bright guy, so why buy Countrywide and Merrill (at a premium, no less). I suspected the old 9 mm to the head persuasion tactic, and it appears I was right. See my past posts then this Cuomo letter. I didn't think Lewis was that dull, and I didn't think Paulson was that benevolent...
Another bank comparison makes you wonder about BAC management
Quick Opinion on Bank of America Buying Countrywide...
Anecdotal observations regarding Bank of America
Now read the Cuomo Letter: http://www.scribd.com/doc/14566221/Cuomo-Letter