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The Old Dick Bové Would've Said, "To Hell With The Lawyers, Get A Pen And Paper, This Is Who's Going Down"

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?


Dick Bové Reenters The Spotlight In Manner Befitting Dick Bové

When regular old bank analysts switch firms, people don't tend to make a big deal about it. Gardening leave is taken, contracts are signed, key cards are distributed, new business cards are printed. Sometimes you'll get an email address with updated contact information. That's usually it. Dick Bové, as you all know, however, is no regular bank analyst. Which is following his departure from Rochdale Securities, potential employers didn't interview him, he interviewed them, why his son/spokesman, Joe Bové sent out a press release announcing the final countdown to Bové Day, and why, when that blessed day arrived, it was celebrated with a three-course banquet and a little something called the Dick Bové Banking Manifesto.