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Losing Any Credibility Whatsoever Not Such A Bad Thing For Ex-Bank CEO Who Wanted Nothing More Than The Time To Curl Up With A Good Book

Over at the Wall Street Journal today you will find a “Where are they now?” round-up of what “The Cast of the 2008 Financial Crisis” has been up to of late. Most of the entries mention books (Paulson, Geithner), current jobs on Wall Street and with the government (Thain, Bernanke, Steel, Dimon, Weinstein, Paulson), low-profiles and responses of “No comment” (Cayne, Mozilo, Fuld, Diamond). While lawyers for former BofA chief Ken Lewis did not get back to the Journal, “someone” close to the guy did offer this delightfully quaint update, which actually sounds like it was intended for his college’s alumni magazine or the Lewis family newsletter.

Mr. Lewis now divides his time between homes in North Carolina and Florida. He can still be seen around town in Charlotte, N.C., Bank of America’s headquarters and he recently joined the board of a local group trying to build a film production studio in the Queen City. What Lewis enjoys most are quiet days at home, catching up on his reading, said a person close to him.

Would it be nice to still hold a job in banking or at least to have walked away with his reputation intact and the door open for employment at a later time and date? Sure to but to tell the truth, there’s nothing quite like being able to lock yourself in the mahogany-paneled library and blow through the entire Harry Potter and Twilight series in a week, taking breaks only to eat and sleep. Lewis also (presumably) enjoys spending time tinkering around the tool shed and building up his ship-in-a-bottle collection.

The Cast of the 2008 Financial Crisis [WSJ]
Related-ish: Dick Bové Absolutely Reeling Over The “Brilliant” Career Of Ken Lewis Tragically Cut Short

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14 Responses to “Losing Any Credibility Whatsoever Not Such A Bad Thing For Ex-Bank CEO Who Wanted Nothing More Than The Time To Curl Up With A Good Book”

  1. guest says:

    Don't forget time for Boone's Farm.

  2. Joe Gregory says:

    How come nobody asked me what I'm doing? It ain't the way I wanted it! I can handle things! I'm SMART!!!! Not like everybody says…like dumb! I'm SMART and I want RESPECT!!!!!!!

    • guest says:

      Sorry Joe. Smart people hedge some of their stock. Even if it's just a little. (Dumb people borrow against it).

  3. investorcluzo says:

    "catching up on his reading" – wonder what he thinks of Countrywide now that he's read the 10K?
    – former shareholder

  4. ILoveLamp says:

    The haircut and tie say Graham and Dodd's "Security Analysis", but the big smile says "Fifty Shades of Grey"

    • Quant me maybe ... says:

      Actually, my first thought was: that's the look of a man receiving a colonoscopy without the benefit of any anesthesia at the hands of a fraudy orange skinned guy selling mortgages on some random street corner.

  5. St. Copious says:

    Is it too much to ask of the villains in this group that they do something charitable? Only Mozillo even makes the claim that he spends time on philanthropy.

    Seriously Fuld and the rest of you: Take whatever energy and money you have left and do something about hunger, disease, education or some some f'ing thing. If you actually do some good – and live to be 200 years old – you might rehab your reputation in this lifetime.

    • Guest says:

      Doesn't your drum circle need you back?

      • St. Copious says:

        Aren't you clever – a drum circle joke!

        Go ask a Lehman, Bear, Merrill or BofA alum circa 2008 how blameless their former CEOs are. And you won't find those people – me for example – in any drum circle. They're all trying to rebuild their savings.

  6. NBK says:

    Would Dick Fuld ever show up Barclays HQ? Is Kerry Killinger of WAMU hanging out in JP Morgans offices?

    Only BofA would embrace the mastermind of the biggest corporate fuck up ever with an office and a parking spot.

  7. Stan O'Neal says:

    What about Merrill?

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