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Dick Bove Goes For The Post-Lehman Twofer: MF Global Is Fine
Three years after upgrading Lehman days ahead of its bankruptcy, here is Dick Bove on CNBC last week assuring anyone idiotic enough to listen to him that, you guessed is, MF Gloal is fine and a buyer will promptly materialize. How much longer will the Comcast financial comedy channel tolerate this individual?
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LMFAO. Richard Bove needs to shut up.
Are you crazy?? if he shut's up we'll miss out on the most profitable contrarian ideas!
Is it true that he is running away with Meredith Whitney?
Sorry, it might have been Abby Joseph Cohen.
This is a tragedy. Our Federal Reserve has failed the American people by removing MF Global from their primary dealer list. The Fed could EASILY have provided emergency funding to save MFG from bankruptcy. Choosing your own primary dealer is a HUMAN RIGHT, and this bankruptcy represents a serious loss of freedom and liberty.
@MDB. More misunderstood sarcasm ;-) It just doesn't get understood in the US does it?
Back to the thread, however. You know, the Fed is running out of customers. Even the Chinese no longer want to buy. How can an honest central banker hope to get rid of all this green we are printing? Shit, at this rate we may have to give it away?
Dick Bove looks like Helmut Bakaitis who played "The Architect" in the Matrix. However, when he opens his mouth and utters something like "the banks are well capitalized" you realize he's not very good at math, thusly spoiling the illusion.
But he really likes Italian bonds, that shows him for the fount of wisdom that he is. (s/)
The cnBSc Comedy Channel & Sell-Sider Anal-Cysts marches on to lower lows.
Dick 'Buy Bank of America w/2 Fists' Bove
James 'The Winners of the New World' Cramer
Jim 'Dow 36000' Glassman
Steve LIESman
Bob 'I Couldn't Fill My Dad's Shoes' Pissanti
Abby Joseph 'Destroy Your Portfolio' Cohen
Barton "Fall Asleep & Drool After Soft Food Lunch" Biggs
Llazllo 'Just Square Whatever My Last Uber-Bullish Projections Were' Birinyi
NEVER GO FULL RETARD
Bove, Birinyi, Cramer, Joseph-Cohen, Ralph Acampora, and Joe LaVorgna should form their own start-up business news network -- web-based only -- moderated by Dan Dorfman.
Very nice work there. I especially appreciate the Ralph Acampora, Joe LaVorgna and Dan Dorfman references, which my list above was seriously flawed without their inclusion.
Also, Ron 'Inane' Insana... does anyone know if he's been bullish or uber-bullish since he failed at his attempt to run a hedge fund (i.e. anything other than bloviate and engage in SWAGing on the teeeveee).
Dick A Bove. Dick above. Coincidence? I think not.
Out of a helicopter...with a guy whose beard is as nice as my plumber's being the one shoving it out...
at this rate we may have to give it away?
Give at away ? That would be an improvement. Right now they're paying the PD's to take it !
MF Global isn't the only PD that can't play "hot potato"
We need to take a serious look at how important these great banks are to our economy. Only then, can we step up to the plate and accept a new World Banc backed currency. First, we need to take advantage of these exceptional interest rates and recapitalize these banks. Once complete, we can then have our leaders discuss the unification of all peoples.
Bankruptcy of MF is REALLY FINE and NECESSARY. THIS IS THE GAME, YOU LOSS, YOU GO FOR BANKRUPTCY. NO MORE BAILOUT PLEASE, FED UP OF BAILOUT EVERYTHING EXCEPT NORMAL PEOPLE. REALLY...
REALLY F E D U P OF B A I L O U T S !!!
The funny thing about this is that Bove is now on Bloomberg saying that "CEOs can be rogue traders too". CEOs can also be both state govenors and senators who have the authority to put you in jail if you refuse to pay taxes for the bailouts of these revolving door crony capito(a)lists.
MillionDollarBonus_
yeah, some days I'm thick as a brick.
You are indeed, the comedic counter point.
On a serious note, what shall we do when the Fed files for Chapter 11 ?
Way too damn funny...
Well we'd still have RoboTrader as the ultimate fade indicator.
you mean the ultimate faded indicator. robos famous spot on calls are always after the fact.............
Agreed. Everytime he opens his mouth he proves what an assclown he is. In light of Corzine's Goldman Sachs background and clearly where he learned his tricks...it's nice to reflect on Bove's recent comments on GS...
“Goldman Sachs is the scapegoat of our time,” Mr. Bove said.
Thanks Dick.
Bove said Goldman Sucks is the "scapegoat" or "escape boat" ?
given Blankfeins $100m Bonus heist from a bankrupt Goldman i presume he meant the latter
Bove, Birinyi, Biggs... blow, blow, blow, little bitches -
B-NAMES are little blow-horns for the big blow-horns: Bloomberg, CNBC, MSNBC
Bove in Latin means "Ox".
once an idiot, always an idiot
Isn't Bove short for Bovine. Dick Bovine. A bull's dick. Soft and short and bald. Sort of like liesman without the beard.
"Dick Bovine. A bull's dick."
A delicacy some places...Eat The Rich.
Wait...
Aren't you a Banana Split??
Well...so I am.
Eat me?
That's funny
He makes a great clown for halloween
How interconnected is MF Global? Is it too interconnected to fail? Is this a Bear Stearns moment, leading to a Lehman moment.
stupid modern finance. Too many bromance links.
#occupywallstreet
If MF Global is able to streamline its Long Term Capital Management, it may thrive...in the year 2525
Nice old song reference.
If it were that connected, it wouldn't have been allowed to fail.
if it was too interconnected to fail, it would politically imposibble to rescue. Neither party wants to be seen as bailing out another bank.
shrugs. let's see how the cookie crumbles.
ONLY FED AND CENTRAL BANKS KNOW IT... NEXT MONTHS WILL BE VERY VERY FUNNY...
How can anyone really believe any thing the media puts out. When MF Global goes down and people lose a lot due to it going under, will CNBC replay this clip? Those who are asleep will be waking up to what the media does by putting people on to mis lead them.
Negative nominal interest rates on the three month treasury bill(discount rate) as low as they've ever been:
www.bloomberg.com/markets/rates-bonds/government-bonds/us/
Hey come on, he said he wouldn't want to buy the stock.
LMFAO!!
What afucking waste of bandwidth.
Please turn yourself in to the retard police Dick.
Bove should be arrested for disinformation... and shot
Only Occupy Wall Street gets that treatment
From Greece :
http://www.greekcrisis.net/2011/10/greeks-threatened-with-power-cuts-if....
Announcing the measure in a desperate attempt to plug a budget black hole, the finance ministry warned that failure to pay the tax would automatically result in power supplies being disconnected.
He's just obeying his master's voice. He probably thinks what he says is as stupid as we do.
If he was pushing DECK or LULU, he would have lots of credibility right now.
Both ignoring the bad news and they keep grinding up.
The U.S. Consumer keeps spending come hell or high water.
Yea hows your NFLX doing, RearViewTrader?
He installed the rearview mirror so he can see how his Date Nights are going...
lol...Deckers Outdoors -.25
Mad cred
Perhaps stick to rearview "forecasts"
C'mon. Why do you got to kick him in the balls like that?
She's got balls ?
RoboMomoRearViewMirrorFullRetardPaperTradertoFade
His head looks like a dick.
If your unit looks like that, dial up Lorena Bobbitt.
Why, I listened to Mr. Blove, I mean Bove, just this morning on Bloomberg Radio, still opining authoritatively on the MF Global situation....
I wouldn't be surprised if our controllers picked Bove to sling the bullshit just because his name sounds like bovine.
He is a dick...
How does this ASSHOLE still get air time.
In capitalism when one is CONSISTENTLY and DANGEROUSLY WRONG there are supposed to be consequences.The lose of credibility, the lose of ones professional standing.
Why is this one of the ONLY places in the world that strives to do better?
Where is the accountiabilit? Why do i still morn for the time when being wrong, when doing a shitty job, when striving to be nothing better than your frat brother, had real life consequences.
It is entirely possible that he did exactly what he was supposed to do. Either he did it willingly (criminal), or he did it unwillingly (criminally neglegent). Either way, he got paid for a reason.
Why doesn't Bove recommend CMG instead of MF?
Apparently there is an acute shortage of burritos.
LOL.....
Because Bove is a Bank analyst.
Could you call this, 'Doing a Cramer'?
Does Bove still trade? Because if he does then he must have been bankrupted by now.
Memo to self: follow Bove and bet against him...got it
Like Hanky panky Paulson saying fannie and freddie were perfectly okay just before they weren't
yes...it is fine, in fact everything is fine, Europe is fine, the US is just ducky, the banks are fine, the jobs market is fine, housing is fine, freedom, liberty and justice for all is fine, govt for the people by the people is fine...and the global paper economy? well, that to is fine.
we have entered into a golden age of progress, prosperity and uber fineness. I'm fine, you're fine, we're all fine.
It's fine really...trust me.
at least, that's what Satan keeps whispering in my head...
No worries! Its just the 8th largest bankrupcy in US history. No worries! Buy buy buy
HE IS AN ASS
That's the job I want. With full dental, medical, defined pension, profit sharing, 401k, executive bonus pool, cost of living allowance, ongoing tuition for professional education (he's set a standard, folks) travel and living allownaces, perdeim reimburements, upgraded travel, unlimited access to the mini bar and hotel porn suites, and best of all...
....can be an absolute unfucking mitigated dumb ass clueless screwup with no negative consequences to his career or profile.
Mr. Bove we all should aspire to you.
(soft sobbing sounds, repeating fuck me, fuck me, fuck me)
PS Telling about CNBS, eh?
We have to wonder how long can we continue to violate the laws of nature. There are many other examples of humans who have been deemed successful, yet no one can seem to understand why. On a long enough time line, our species is doomed. But whn guys like Bove continue to be held in regard, I cant help but think that time line is getting shorter.
Its harder then you think knuckles!
talking through your ass takes years to learn and moving your mouth in sync is on the borderline of multitasking.
What we are dealing with here is a true master of the art!
What really gets me is no one on CNBC has enough respect even for themselves to question Bovine about how he can say a Chap 11 company is 'just fine'? And even if they ARE just fine, then what kind of stunt are they pulling by filing a Chap 11 then?? No questions about any of this? Just waving pom poms is all that matters?
Even street corner whores have far more self respect than CNBC anchors.
*update* Tyler figured out why, MF Global owes CNBC one MILLION dollars! lol
So obvious that something is going on here. Where is the DA office. Oops, your article hints at it already.
To call CNBC the "Financial Comedy Hour" IS to fill it with clowns like Dick Bove. The joke is on watching it for anything more...
Richard X. Bove Joins Rochdale Securities STAMFORD, Conn.--(BUSINESS WIRE)- APRIL 1, 2009- Rochdale Securities LLC is pleased to announce that Richard Bove has joined the firm. Mr. Bove, a distinguished industry veteran, covers the financial services and banking sector. We are really excited to have Dick, and his team, join us. Such a prominent and respected analyst, in a sector so important to the markets these days, is a tremendous addition to Rochdale's growing platform” said Dan Crowley, president of Rochdale. Rochdale Securities has been adding to its equity research and sales & trading platform in recent months and regards Mr. Bove as an integral contributor in their product build out. Mr. Bove's research has received recognition from a number of industry sources over the years. He has appeared approximately 400 times in recent years on the popular business channels. He is also extensively quoted in the print media.
From time to time, Mr. Bove has been contacted by the banking regulators up to and including the White House for his thoughts on the industry.
Also joining Bove at Rochdale as institutional salespersons are Joseph Bove and Andrew Massey.
Dude looks like a white washed version of the rent is too damn high party of new york steward Jimmy McMillan..
https://www.youtube.com/watch?v=x4o-TeMHys0
Oddly his inane ramblings are right on par with his as well.
I feel lied to - and dirty. I'll have to be more careful with headlines.
Its not 'capitalism' when the CEO of the 8th largest Chap 11 ever in history walks away with $12 million dollars...WTF is this shit!
Cramer needs to send Bove a thank you card......without Bove Cramer would look like the biggest clown on bubble-vision.
Has anyone else noticed that moreso recently it seems as if most of the guests are READING their lines? It did not seem this way in the past, but poor old Dick was certainly reading his lines there.
To be fair, Bove said that he was "not recommending the equity". Unfortunately for him, he stuck his neck out on the idea that a buyer could be found quickly.
"Those who say don't know. Those who know don't say." -Lao-tzu
that little punk Terranova needs to be bitch slapped too
Indeed. He's almost always wrong and when he's not he's obnoxious.
buahahahahahahahahaha!!
nearly as good as the european solution
Is he related to Karl Rove by chance?
When they both speak it is sh*t, possibly a "brove" move?
https://www.youtube.com/watch?v=hYZre8kEsuw
he isn't related to Rove, but I do believe he is slated to do a duet with the lovable satanic neocon.
"How much longer will the Comcast financial comedy channel tolerate this individual?"
For as long he keeps doing the same?
WTF was he talking about, Goldman was going to buy MF "for its assets" without mentioning the crushing liabilities?
100% pure unadulterated high-proof snake oil.
Go ZH you are doing yeoman's work today.
When will this Dickhead shut the f**k up, I am tired of his nonsense.
He's a party line guy. Bought and paid for and he'll always be available despite his lack of credibilty because he's willing to say whatever the check writers want. Just simply do or think the opposite and you'll be fine.
What CNBC needs to do is require anyone coming out to pump/reassure/lie about a stock to show how heavily long they are in it. With a follow-up interview of them trying to save face after the stock thorougly dies. Then releasing a DVD called CNBC's Greatest Hits of all these shills getting their ass handed to them. I'd buy it.
http://dddanalyst.blogspot.com/2011/10/shocked-just-shocked.html
Arent we all shocked just shocked a clearing firm was taking such
positions of $ 6.3 B in Sovereign Crap.... like a Grenade with the pin pulled.
"you gussed is"..???
Goal=Global....???
Good weekend.still hung I guess.
Yep. Still hung.
MillionDollarBoehead....
You are a delusional mother fucker.
Fuck off and die,shill.
"how much longer"?
As long as their sponsors continue paying them!
Now where's my prize?
I don't like Bove, but he did say don't by the stock. Also, it seems he was saying there were interesting parts for Goldman. It didn't sould like a ringing endorsement.
'US State Dept mafia hiding Iraq fraud & weapons hard-sell'
http://www.youtube.com/watch?v=l9zL8nZhv1U&feature=feedu
$60 billion was misspent in Iraq and Afghanistan
Citing “sensitive information” – the public will not be able to view the report until 2031.
http://www.truth-out.org/news-thom-hartmann-congressional-commission-war-time-contracting-finds-fraud-classifies-report-20-ye
http://www.wartimecontracting.gov/
Goldman Sachs the Vulture / Bottom Feeders of the World.. Doing God's Work and adding Luquidity to the Market as sub par values!
The Untied States is run by Bottom Feeders.. or people who create value added situations..
America is run by Bottom Feeders.
Dick Bove is the Henry Blodget of the finance industry.
Well it's fine... if you give them 44 billion. But short of that, no they are not fine.
Even worse is the text at the bottom of the screen that says "[MF] CFO SAYS FINANCIAL POSITION IS STRONG". Can't these executive-demons be prosecuted for this? Any of them, even little MF Global?
CNBC == paid fraudsters == no surprise.
Who's the flat chested homely chick with the bubba teeth???
Bove's sister?