In Heart of the Crisis, Bank of America Exec Bought Ferrari, Rethought It

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Former Bank of America CEO Ken Lewis. Photo: Getty Images

"At Foreign Cars Italia of Charlotte, where cars run from about $100,000 to $1 million or more, bank bonus season used to provide a boost every February. But Gary Furnas, a sales consultant at the dealership, said he hasn't been involved with a sale to a bank employee since November 2008. That customer, a Bank of America employee, bought a black Ferrari, but then kept it on the lot for two months because he worried that it was too flashy. It wasn't a matter of money — "he could have bought four or five of them if he wanted," Furnas said. In the end, the customer asked the dealership to resell the car, and he opted for a less showy Maserati instead." [Charlotte Observer]

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