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]
Posted by guest , May 07, 2009 12:25PM
gs is next to fail.
Posted by guest , May 07, 2009 12:34PM
anyone have a copy of bove's note or the rbc note?
Posted by Anal_yst , May 07, 2009 12:34PM
Today, Anal_yst Research downgrades Richard X. Bove to "Manbitch"
Posted by guest , May 07, 2009 12:35PM
@1 you meant "gs decides who is next to fail."
-Max
Posted by guest , May 07, 2009 1:07PM
What kind of middle initial is 'X' ?
The Guy From Delaware
Posted by Lowly Assistant , May 07, 2009 1:09PM
TGFD,
French; Xavier?
My guess.
Posted by guest , May 07, 2009 1:10PM
@5
The awesomest.
- F.X. Matt III
Posted by guest , May 07, 2009 1:16PM
Higher interest rates anyone? 30yr auction was so so. Check out the TYX.
~the Muleskinner~
Posted by guest , May 07, 2009 1:57PM
Rochdale Research? Anyone keeping tabs on the number of firms Bove has worked for in the past 2-3 years?
Posted by guest , May 07, 2009 2:11PM
"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/
Posted by er666 , May 07, 2009 3:01PM
@10- first post the day, pal.