The old, sassy, speaks-her-mind-no-matter-who’s-listening Dick Bové. The new Dick, having been sued by the brutes at BankAtlantic for casually asking over cocktails, “Who Is Next To Fail,” and then proceeding to list firms in ascending order of financial health, doesn’t take such risks. And for that we all die a little inside.
In a report on Tuesday, Richard X. Bove of Rochdale Research said that “the application of the stress test to these companies could conceivably drive at least 150 of them out of business quickly.” He didn’t name names, however, adding that “due to a lawsuit, I am unable to provide a more specific definition.”
(Attempting to step into her shoes but in no way coming close to filling those stilettos was RBC which wrote in a note today that Huntington Banc would need about $1.8 billion, M&T Bank would need $1.6 billion, and a slew of other lenders, including Comerica and Synovus Financial, would need smaller amounts.)
What About All Those Other Banks? [Dealbook]
gs is next to fail.
anyone have a copy of bove’s note or the rbc note?
Today, Anal_yst Research downgrades Richard X. Bove to “Manbitch”
@1 you meant “gs decides who is next to fail.”
-Max
What kind of middle initial is ‘X’ ?
The Guy From Delaware
TGFD,
French; Xavier?
My guess.
@5
The awesomest.
- F.X. Matt III
Higher interest rates anyone? 30yr auction was so so. Check out the TYX.
~the Muleskinner~
Rochdale Research? Anyone keeping tabs on the number of firms Bove has worked for in the past 2-3 years?
“More madman management: Feds to pressure TARP CEOs to resign?”
http://hotair.com/archives/2009/05/07/more-madman-management-feds-to-pressure-tarp-ceos-to-resign/
@10- first post the day, pal.