There are so many good quotes from Dick Bove in his new interview with Fortune that if I reproduced them all, Time Warner might sue me for outright copyright infringement. Here’s a juicy taste, though:
The last three AGs in New York-Eric Schneiderman, Andrew Cuomo, and Eliot Spitzer-have made their primary goal attacking the financial industry. Drug dealers are safer in that town than bankers are. Does the attorney general of Texas attack the oil industry? Does the AG of California try to put Hollywood out of business? Cars in Detroit? No, they’re not that stupid. Now they’re suing Bank of New York, with the result that they’re pulling jobs out of New York as fast as it can. Goldman is moving to New Jersey and Utah. Citigroup is going anywhere it can find outside New York. . . . People are electing people who want to fire their neighbors.
Care to disagree? Me either. . . . Bove is a beacon of reason looking out on a sea of insanity. . . .