Yes, that’s why we told you so Tuesday. But just to reiterate: it’s really happening.

So, on the one hand, it’s nice that Ken Lewis hasn’t gone radio silent on his minions, while rumors of the ‘n’ word persist. On the other, he says the same thing every day (and probably uses a form letter with some minor tweaks…these things are labor intensive and Happy Hour starts just after 4). Via Deal Journal, the latest:

I want to address any questions about Bank of America that may be arising as a result of the news that at least one of our competitors is now in discussions with the government to negotiate an enhanced public stake in their company.
I have said repeatedly that our company does not need further assistance today and I don’t believe we’ll need any more in the future. That includes the potential conversion of the government’s preferred shares into common shares that would dilute existing shareholders.

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