Reuters: No US turnaround till mid-2009-Bank of America CEO

[chris]

No US turnaround till mid-2009-Bank of America CEO
      

DETROIT (Reuters) - Bank of America Corp  Chief Executive Kenneth Lewis said on Tuesday it is "pretty clear" the U.S. economy is in a recession, and forecast no recovery until the housing market stabilizes around the middle of 2009.<div class="feedflare">
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