60 Minutes Preview | 10/22/2008 12:00 pm

Ken Lewis Tells Lesley Stahl: John Thain Is Not Heir Apparent

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Lesley Stahl

Hello wOw community. Because I didn’t post a "60 Minutes" preview last week of my story on the Bank of America, I’m sharing a post-view. Watch the video below for excerpts from my interview with BoA’s CEO Ken Lewis that we didn’t have enough time for in our story.

I asked him about the deal Treasury Secretary Paulson made with the country’s nine largest banks, and how he thinks Barney Frank, chairman of the House Financial Services Committee, will handle it. I also asked him for details about the purchase of Merrill Lynch and his thoughts on the $50 billion price tag.

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Read more about: 60 Minutes, Bank of America, Banks, Economy, Finance, John Thain, Ken Lewis, Merrill Lynch, News

3 Reader Comments (so far…) Sign In or Register to comment

HA BIBI
You’d be a fool giving Barney Frank any money and/or the responsibility in the handleling of any.
By HA BIBI on 10/22/2008 6:16 pm
gulliver fourmyle
don’t any of the old ‘fat-cats’ look in a mirror—-see their ‘maker’ coming? i’m one block from Wachovia’s 26+ St. Pete story headquarters—-right out my window—-last Saturday night, the entire building was ‘lit-up’ ‘till 1:AM—-8 year’s seeing that place, never saw that—-and i knew the poop-had-hit-the-scoop—-‘correcto’! it’s a fiscal avalanche—-‘let-her-roll’—-these pirates’ days are over—-and thank you mr. bush—-
By gulliver fourmyle on 10/22/2008 9:57 pm
phyllis Doyle Pepe
And you say that because???
By phyllis Doyle Pepe on 10/22/2008 6:56 pm