Friday, June 22, 2007

The Old Firm, and Another

by Ken Houghton

If you missed this Felix Salmon post, and especially its links, go there and have fun. I'll wait.

Now that you've gotten a good laugh, let's play Left Hand-Right Hand via two posts from Calculated Risk that are too precious not to juxtapose:
Bank of America CEO Ken Lewis, 20 June 2007:
The worst U.S. housing slump in 16 years will begin to ease in the next month or two, and job growth will lift home prices and spur construction early next year, Bank of America Corp. Chief Executive Officer Kenneth Lewis said.

Lewis's firm, 21 June 2007:
Losses in the U.S. mortgage market may be the "tip of the iceberg" as borrowers fail to keep up with rising payments on billions worth of adjustable-rate loans in coming months, Bank of America Corp. analysts said.

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