Dick Bove Claims Nationalization Of Bank System Would Triple US Debt, Crush Dollar

Fresh out of Rochdale, the disgruntled former Ladenburg employee and Bank of America cheerleader claims that a wholesale nationalization of all Lewis, Vikram et al. toxic assets would blow out US sovereign debt to $30 trillion, kill the dollar and maybe even lead to an accidental crossing of the streams. Courtesy of his bearded visageness and CNBC.

For a little on Bove's phenomenal procognitive ability to call winners and losers, see below's clip in which Bove is adamant Lehman gets bought few days before it files for chapter.

[youtube=http://www.youtube.com/watch?v=-IuiFCqiTwQ&hl=en&fs=1]