BofA’s Lewis: Economy Getting Close to the Bottom

According to an interview Bank of America’s (BAC) CEO Ken Lewis gave Thursday morning on CNBC, the economy is getting “close to the bottom.” “I think we’re at a point where you’re seeing mixed signals, housing sales a little better than you think, or car sales not being as bad as you think,” Lewis said. “And when you see the mixed signals, I think it signals that you’re getting close to the bottom.”

Lewis also said the $45 billion TARP money BofA received from the government “was my mistake.” “We took more than we needed, in an abundance of caution, and I regret having taken that much.”

To view Lewis CNBC video, click here.

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