Fed's Bailout Report Shows Financial Crisis Is Over: Bove

2 posts / 0 new
Last post
Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
Joined: Sep 9 2009
Posts: 1443
Fed's Bailout Report Shows Financial Crisis Is Over: Bove

Fed's Bailout Report Shows Financial Crisis Is Over: Bove

http://www.cnbc.com/id/40473315

The Federal Reserve's report this week on its $3.3 trillion bailout of the global banking system shows that the financial crisis is finally over, banking analyst Dick Bove said.

"The biggest point that one should derive from this information, because what has been revealed now is ancient history, is that the only entity that needs this money any longer is the United States government," he said in a research note to clients entitled "Financial Crisis Is Over."

Whew! Glad thats over. Ok guys shut off the lights. Thanks Chris for all the hard work.

Eeeeegggaaddds

 

Farmer Brown's picture
Farmer Brown
Status: Martenson Brigade Member (Offline)
Joined: Nov 23 2008
Posts: 1503
Re: Fed's Bailout Report Shows Financial Crisis Is Over: ...

Bove said Lehman (or Bear Sterns - can't remember which)  was in no danger - just days before it ceased to exist.  With a track record like that, he may as well do a road show with Cramer (or at the very least open a financial palm reading booth in a traveling circus).

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments