Ken Lewis is back with more good news!! Goodbye Depression 2.0!!

Ken from BAC is releasing comments on the wire this morning that he hopes to give the TARP money back by the end of this year and that their MER acquisition was the best ever. Really? I mean come on. Is it really that easy to make back $45B in one year in such economic conditions? And what happened to MER's toxic assets? Has all that toxic stuff turn into Gold overnight? 

Since Vikram Pandit's fake profitability announcement last week followed by Ben Bernanke's interview on 60 min. last Sunday, a lot of positive talk of recovery is going on in media. Now the CNBC cheerleaders are saying that recession is going to be over by the end of year. If it was just the confidence issue and by fixing it recessions would get cured, then wow!!  May be we are in for a ride to witness this amazing transition from Depression to Prosperity by change in Consumer Confidence after they saw Federal Press printing fresh new dollars in Bernanke's interview on TV. Let the daydreaming begin. I really wish that Bernanke's interview makes a history and coincides with the bottom point of this recession.