9:40 AM Eastern - Thursday, October 8, 2009

The Onion reviews the Ken Lewis record

The Onion, America's Finest News Source, has nicely summed up the various mistakes that caused Ken Lewis to step down as CEO of Bank of America. Some of the highlights include:

  • Mailed out millions of checks that incorrectly read "Bank of Armenia"
  • Bank of America cash registers consistently $10 short on his shift
  • Worldwide economic collapse

It's pretty funny. But it would be easier to laugh if 1. Lewis' actions hadn't hurt so many Americans and 2. Ken Lewis wasn't collecting a $126 million payout on the way out the door - despite his horrible performance as CEO.

If you haven't already, you can sign Anna Burger's letter to the Obama administration's pay czar and tell him to stop payment on Ken Lewis' bailout until Bank of America cleans up its act: http://seiu.org/stoppayment.

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