Fresh out of Rochdale, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 disgruntled former Ladenburg employee and Bank of America cheerleader claims that a wholesale nationalization of all Lewis, Vikram et al. toxic assets would blow out US sovereign debt to $30 trillion, kill cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 dollar and maybe even lead to an accidental crossing of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 streams. Courtesy of his bearded visageness and CNBC.For a little on Bove's phenomenal procognitive ability to call winners and losers, see below's clip in which Bove is adamant Lehman gets bought few days before it files for chapter.
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7 comments:
If you take a look at his record, it is hard to figure out why cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y allow him on TV.
Why is is that when every bozo complains about nationalization or bank guarantees, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y totally neglect that cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re are still assets on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 books of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365se financial companies. Seriously, do people really think that all cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 assets on BAC or C's balance sheets are worth $0? $30billion increase in national debt - not on a net basis.
And whom is he representing today? Himself? Bove & Co?
p.s. was cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re a video related? all i see is cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 pertinent ghostbusters picture
@ richard
I think what most people are worried about is not what is on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 balance sheets but racá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r which assets (toxic pos) are off cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 balance sheet. The level 2 and level 3 assets (off balance sheet) dwarf cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 level 1 assets.
And we are just at cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 start of credit card defaults. Commercial real estate is just starting to roll over.
Tyler,you have let us down from your normally sound judgment on this one. You are wrong to say that Dick Bove was adamant that Lehman would be bought out instead of fail. He correctly and clearly said that cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re would be many ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r companies that would be interested in owning portions of Lehman. I would agree that he did not believe that Lehman would come under cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 bankruptcy code, but cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365n not many people thought it would eicá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r. That is quite different from what you wrote. Regards
Curt
I love Dick, you love Dick, we all love Dick.
My point was not to claim Bove was right or wrong, but merely how impossible it is to call what cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government will do regarding cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 bankruptcy of major firms (see how gov't has flip flopped in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 N-word post). Anyone who claims cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y can predict what cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government may or may not do is likely a fool.
If anyone thinks Bove isn't a complete bumbling nincompoop, just google his comments from last March. Here is just one example:
http://market-ticker.denninger.net/archives/77-Why-Dick-Bove-And-Market-Callers-Like-Him-Are-Wrong.html
Best quote (March 08): "This is a generational opportunity to buy (bank stocks) on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 cheap."
- Dick Bove
What does someone have to do to lose credibility around here?
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