Jon Corzine to head Bank of America? Not likely -- and not wise

Deposed New Jersey Gov. Jon Corzine is the latest name to surface in the mad scramble to replace Bank of America Corp. (BAC) chief executive Kenneth Lewis. This would be among the more spectacularly bad ideas in the history of banking.

Corzine -- who told Bloomberg News that he has not spoken with B of A -- is the wrong candidate at the wrong time. Or, as a campaign commercial might put it: "Jon Corzine. Wrong for New Jersey. Wrong for Bank of America."