Dick Bové Is Pretty Sure The Federal Reserve Is Run By A Bunch Of Whack Jobs

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Here are a bunch of things the Rochdale analyst had to say about the central bank and its policies in a recent note.

* The quantitative easing program was a “miserable failure"

* “I unfortunately believe these people may have lost their minds just as the US Congress did when it passed the Dodd/Frank Act"

* “However, the proposal may be taken seriously by investors. If so it spells dangers for bank stocks. This is because it is likely that some form of this inane proposal may actually be put into place.”

Fed Easing 'Miserable Failure' That Risks Depression [CNBC]

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