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Ken Lewis: Bank Of America Will Start Repaying TARP Next Month

Following the news that Goldman Sachs (GS) wants to repay TARP next month, Bank of America (BAC) CEO Ken Lewis tells the LA Times that his bank will start the repayment process next month, as well. The embattled CEO says the repayments will begin as soon as the government does its stress test. Just last week he was talking about repaying the TARP at the end of the year or in 2010, so it sounds like this would accelerate the plan, a little.
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