They want to act like children? Fine. That’s their prerogative. He’s done.
“If the goal of the SEC is every two or three weeks to come out and say that there’s another financial company that’s done something wrong,” the agency will drive home the belief “that the financial system in the United States is rotten, that it’s run by crooks who create fraudulent products,” said Dick Bove, analyst at Rochdale Securities. As investors wait for more regulatory shoes to drop, “the markets will continue to act in the volatile fashion that they are right now,” he said.
Citigroup to pay $75 mn to settle SEC charges [Business Standard]
Interesting read.
-Guy who’s surprised the SEC has regulatory shoes to drop after having already dropped their regulatory pants.
What’s with all the masculine pronouns?
True story: Dick Bove’s testicles have not descended yet.
I wonder if her feelings have changeed re: Lloyd too.
In Soviet Russia, Dick Boves you!!!!
Ms. Bove gives the best brain.
-K. Lewis
I will be at Minetta with Bove tonight, dropping shoes eating risk and vol sandwiches and poppin bottles-Market Tool
Bigger SEC = More porn = More costly bandwidth = More $$ = More Fines
Bigger Federal Government = More $$ = More Taxes
Whichever way you slice it, there’s a trend here.
Clearly the financial system is not “run” by crooks any more than cockroaches “run” a house. It is just inhabited by millions of them. Unfortunately, these particular cockroaches have amassed a small fortune and are able to effectively pay-off the entirely different colony of cockroaches in the government. I think this is what Dick Bove probably meant, or would have said, if he had more time to prepare. It’s all about the preparation. And allegories.
I eat pussy and bove dick.
- Bisexual Banker [not really]
Dick, don’t give me a doodad when I ask for a thingamajig.
-Grandma Michaels
I’m Short Dick Long Bove.
DICK BOW
- Guy who makes childish jokes by removing vowels from names of the people who appear on Dealbreaker and uses caps lock to to make the joke even more obvious and also writes too explanatory “Guy who XYZ” signatures.
Bovine logic at its best.
I guess most of the witty commenters have left for the weekend. I’m looking at you 11, 12, 14
Even better:
…the agency will further expose the increasingly self-evident fact…
Perhaps, if the country’s financial institutions could temporarily suspend business practices made possible only by flagrant conflicts of interest which they unconvincingly and unapologetically defend with double talk, dubious half-truths, and circular logic then SEC staffers could go back to literally jerking themselves off.
Haha, his name is Dick!
-SEC official passing time while Bang Bros. page loads
@15 – That was not very witty. Meet me at a tavern.
@17 FTW
In Soviet Russia, Bove Dicks Levin!
-Witty Dick’s Id
Securities and Exchange Commission. Plural. Like more than one security.
@18 Fraunces? -15
what? the industry isn’t corrupt? There goes my 20 bucks…