Bank of America ( BAC) CEO Ken Lewis made an effort to differentiate his bank from failed competitors on Thursday, the third leader of a top bank to do so this week. Lewis acknowledged the economic turmoil, predicting that it was "far from over," as well as the plight of the banking industry. But he also took pains to thwart some of the negative attention banks have received by casting blame on other participants, including borrowers, investors, the lawmakers, regulators , media, appraisers and rating agencies. Lewis also touted Bank of America's financial strength, predicting the firm will pass a stress test given by the government, and go on to generate close to $50 billion in earnings before taxes and special charges this year on over $100 billion in revenue. "That kind of cash flow can solve a lot of problems, given time and an improving U.S. economy," Lewis said, according to prepared remarks. Lewis' statement had echoes of Citigroup ( C) CEO Vikram Pandit's memo on Tuesday saying that his troubled firm has been profitable in the first two months of the year, excluding writedowns and charges. Despite the fact that such writedowns and charges are what led to a massive government bailout of Citi, Pandit's statement fueled a major market rally early in the week. The BofA CEO also said that volatile stock movements which have sent his firm's market value down nearly 85% over the past year and depleted Citi to a penny-stock level last week, have been driven by fear rather than fundamentals. While those fears are "not irrational," Lewis said, the notion of nationalizing the country's largest and most complex banks is "misguided."