B of A Wants To Repay Tarp Within Months...(With What?!)

Bank of America wants to repay TARP in months

By Greg Morcroft

BAC 13.24, -0.93, -6.6%) Chief Executive Ken Lewis said on Monday that the bank wants to repay government investments under the Troubled Asset Recovery Program (TARP) within months. "My hope is it's months, not years," Lewis said in a conference call hosted by CLSA analyst Mike Mayo. "But we just have to see how the capital markets operate and then how the economy does. Because the whole intent of this exercise has been to make sure that banks have the proper amount of capital so that they can, in fact, lend money in this environment. So the pay back will be dependent on not only our view of things, but also the regulators view of things," Lewis added.

JMO:
(I couldn't have said it better so I'm reposting the comment on Twitter by: BassFive)
Wait a second--they already received $45 billion in TARP money, and now the stress tests (which are without a doubt lowballing things) have shown that BAC needs another $34 billion to $50 billion. So, that means BAC is in the hole for at least $79 to $95 billion, and yet they're going to somehow pay back the $45 billion in a couple of months. With what money?