Jan 13, 2011

Dick Bove says banking problems are ancient history, fuhgeddaboutit

Bank of America in 2009 wrote off just under $50 billion in bad loans. How ya gonna do that again? I mean, where are you going to find $50 billion worth of bad loans to write off? You're not.

Essentially, we're talking about ancient history when we talk about all this, housing "stuff," if you will.

~Dick Bove, Rochdale Securities, CNBC interview

No comments: