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Community Banks are Toast States Richard Bove, the CEO of Dime Community Bank (NASDAQ:DCOM) Disagrees


Community Banks are Toast States Richard Bove, the CEO of Dime Community Bank (NASDAQ:DCOM) Disagrees
July 28, 2021
Kevin O’Connor, CEO, Dime Community Bank (NASDAQ:DCOM)
 
 
Richard Xavier Bove is Chief Financial Strategist for Odeon Capital Group LLC. Mr. Bove began his career on Wall Street as a retail salesperson at legacy Eastman Dillon Union Securities in late 1965.
He joined Wertheim & Co. in 1971 as an analyst covering the building and banking industries. Later, Mr. Bove became the Director of Research at C.J. Lawrence and Raymond James. In the mid-1980s, he returned to the analytical profession as a banking and financial analyst serving at Raymond James, Dean Witter Reynolds, Lehman Brothers and Ladenburg Thalmann, among other firms in his 56 years in the industry. ....

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Detailed text transcripts for TV channel - MSNBC - 20170502:19:41:00

When institutions found themselves on the brink of collapse, the government was forced to step in and bail them out. it s not clear, however, that an act would prevent the melt down of 2008. consumer banks like wachovia and washington mutual lost their shirts because of bad loans. investment firms had toxics securities on their books and aig is not even a bank, it s an insurance company and wouldn t have been regulated. joining me to discuss the comments is from the financial sector at rafferty capital. you heard my explanation. what s wrong with it? first off, i don t think it was the bank s trading activities that created the recession. it was lending on houses. that s what your traditional bank does. we lost one bank virt krully ....

Consumer Banks , Wouldn T , Insurance Company , Investment Firms , Washington Mutual , Rafferty Capital , First Off ,