Our Former Colleague In The BDSM Industry Would Like To Add That Ken Lewis Should Not Only Get To Keep His Job But Redecorate To The Tune Of Ten Million In Shag Rugs And Disco Balls

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Bank of America Corp., the largest U.S. bank, will need to raise $36.6 billion in equity to bring its capital ratios in line with other big U.S. lenders, Oppenheimer & Co. said in a report today.
Given reluctance of investors to buy common shares of lenders, Bank of America is more likely to raise capital by converting preferred stock to common shares or issuing 5.2 billion shares through the Treasury Department's Capital Assistance Plan, Chris Kotowski, an analyst at Oppenheimer, said in the report. Under the Treasury program, Bank of America may issue shares for $6.24 each, the report said.

Earlier: Meredith Whitney Wants You To Leave Ken Lewis Alone!

Bank of America Needs $36.6 Billion in Capital, Oppenheimer Says
[Bloomberg]

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