Bank of America CEO Ken Lewis said Friday the bank -- one of the largest players in residential finance -- will not need or ask for any more TARP funds from the government. In an interview on CNBC Mr. Lewis said the bank does not need more TARP money -- and therefore would not ask for additional assistance. To date the Charlotte-based bank has accepted $45 billion in funds provided under the Troubled Asset Relief Program or TARP. Over the past year the bank acquired the nation's largest subprime lender/servicer, Countrywide Home Loans, as well as Merrill Lynch which owns two large subprime servicing platforms: Home Loan Services, and Wilshire Credit Corp. Merrill was also a top underwriter and investor in subprime ABS and CDOs.
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