Fresh out of Rochdale, the disgruntled former Ladenburg employee and Bank of America cheerleader claims that a wholesale nationalization of all Lewis, Vikram et al. toxic assets would blow out US sovereign debt to $30 trillion, kill the dollar and maybe even lead to an accidental crossing of the streams. Courtesy of his bearded visageness and CNBC.For a little on Bove's phenomenal procognitive ability to call winners and losers, see below's clip in which Bove is adamant Lehman gets bought few days before it files for chapter.
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