BAC up $2.5 in pre-market trading

Ken Lewis is on CNBC touting the "BoA story", sees the market bottoming out and is generally sunny across most business lines. When asked about the Merrill business lines, apparently "trading is fine" and "investment banking is doing ok... some equity underwritings!"

Walter: Has the whole world gone crazy? Am I the only one around here who gives a s*** about the rules? Mark it zero!