9:10 PM Eastern - Wednesday, June 10, 2009

Time for Answers: Bank of America's Ken Lewis to Testify on Capitol Hill

Tomorrow, Bank of America CEO Ken Lewis will face tough questioning in his testimony before the House Committee on Oversight and Government Reform at 10:00 a.m.

He'll be asked about his role in the acquisition of Merrill Lynch, the excessive bonuses paid to Merrill executives and the billions that taxpayers have provided to bail out the country from the deep losses and economic damage Bank of America's decisions caused. This will be Lewis' first trip to Capitol Hill since Bank of America failed the federal government's stress tests and a coalition led by SEIU delivered nearly 100,000 "Taxpayer Proxies" demanding that the Bank fire Ken Lewis.

Tomorrow, will Ken Lewis....

a) Apologize for his bank's role in bringing down the economy?
b) Commit to transparency and real financial reform?
c) Commit to ending consumer abuses like exorbitant overdraft fees, predatory financial practices, and the bank's irresponsible lending and acquisitions?
d) Commit to providing affordable healthcare for all employees?
e) Stop lobbying against solutions--such as banking reform and pro-worker legislation like the Employee Free Choice Act--that would give bank workers a voice on the job, protect consumers, end corporate excess, and finally build an economy that works for everyone?

We'll hopefully find out the answers to these questions after tomorrow's testimony. In the meantime, let us know your thoughts---do you think Ken Lewis will do the right thing in in his testimony and commit himself/Bank of America to being a partner (instead of a toxic asset) in rebuilding our economy?

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