Karma is a bitch.

The guy Ken Lewis and Bank of America tried to turn into Darth Vader a pin-stripe suit is back in the game. John Thain has been tapped to turn around CIT Group Inc.

“This is a company that’s over 100 years old and its core business is lending to small- and medium-sized companies,” Thain told Bloomberg. “If we’re going to get the U.S. economy to continue to grow, if we’re going to create jobs, then we need to have this kind of a company do well.”

Meanwhile Lewis is writing big checks to defense attorneys.

Bonus Observation: Never, ever forget that the UPoR lapped up everything Lewis and the BAC PR machine churned out.