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Banking

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BofA’s Lewis: We’re Going to Repay TARP Funds, ASAP 

Mar 26, 2009By

The growing public outrage towards bankers, evident in the AIG bonus debacle, clearly has banking executives anxious to get out of the government’s back pocket as soon as possible, with Bank of America Corp. [stock BAC][/stock] CEO Ken Lewis telling the Los Angeles Times earlier this week that he intends BofA to begin repayment of government funds as soon as a “stress test” of the bank is complete at the end of next month.

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