I am confident history will show that our actions... in building Bank of America positioned our company for future success. As I look ahead, I see no reason that Bank of America will not be among the handful of the most important and most successful financial-services companies in the world.
I can think of 45 billion reasons.
Our business model is benefitting from the acquisitions of Countrywide and Merrill Lynch.
Key parts of the business model: Buying majority stakes in several dozen class-action ambulance-chasing law firms, and outsourcing decision-making to the Treasury and Federal Reserve.
It is easy to let the short-term difficulties obscure one's long-term views.