‘Thanks. think the threat to use the MAC Is a bargaining chip, and we do not see It
as a very likely scenario at all, Nevertheless, we need some analysis of that
scenario so that we can explain to BAC with some confidence why we think it would
be a foolish move and why the regulators will not condone it.
My current thinking is that we should have a regulator call without treasury
(including though occ and fdic) to work out our joint position, We then need a
second call, perhaps with eer stat tan te Het oak ee
implications with Treasury. “That all has to happen today, so anything we can do to
move the regulators call up a bit would probably be helpful. Depending on how that
ees, it might be principals only calling Lewis tonight or tomorrow morning.
Talked to Lacker yesterday but have not spoken to Lewis since the call on Friday.
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