The Undollar Digest

Fed Has Broken Banks and Doesn’t Know It

Jeff Cox 09/23/2011 CNBC.com Senior Writer

Washington policy makers have broken the back of the US banking system and don’t even know it, analyst Dick Bove said.
As the Federal Reserve  has embarked on its latest effort to stimulate the economy, Bove, the vice president of equity research at Rochdale Securities, said the central bank instead has further sapped banks’ ability to [...]


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