The government's going to stick its nose in Morgan's bidness, not inform anyone at the bank about what it's up to and then leak the investigation to the press? OH NO, THEY DI'INT. This was not how Dick Bové wanted to start her morning but, damn it, you bitches have forced her hand.
5.12 MS [PDF]
"I think Morgan Stanley will allow you to buy that house on the coast of Spain. I think that stock is so cheap right now, it's overwhelming. It should be bought and bought very aggressively, right now." [Bloomberg TV]
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.