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Bank analyst Bove: Financial reform bill is a "disaster"
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Tuesday, June 22, 2010
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From Newsmax:

New financial-services regulations will be such a disaster for both banks and consumers that legislators will need to repeal them, according to Rochdale Securities’ banking analyst Dick Bove.

"The Congress has created legislation to solve problems that may not exist and has not created legislation to deal with real problems," Bove told CNBC.

Although the financial-services bill is still not in its final form, the proposed law calls for...

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More from Dick Bove:

Analyst Bove: Politics are destroying the economy

Bank analyst Bove: This beaten-down stock to soar 75%

Analyst Bove: Goldman crisis is a "death wish" for the financial system

Topics: Banks | Financials | Boondoggle
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