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FBN's Charlie Gasparino on Rochdale Securities analyst Dick Bove's upcoming book, which will defend big banks.
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Are being unfairly attacked in those attacks are harming the US economy.
Who was saying miss the plans to write about this in -- explosive new book Charlie guess for now has the exclusive details that.
-- physics can be explosive -- I hope it is but Dick -- they had these are really good banking analyst he is gonna penned a book and what's going to be -- -- about this book was -- I made the best -- by attacking banks and it.
Attacking government intervention full -- is really going to be writing what I what he tells us the Fox Business Network.
It's such a defense of the banks he's -- in the say that.
Regulation is destroying the banks this is destroying the US.
As I this is -- Defense Secretary above either but he's supposed released destroy the US's position in the global financial markets.
And that this regulation and basically this is going to be a defense of the of the status quo and -- -- You know you when you write books I've -- fought for from.
You look for little niches in the market this is clearly -- -- because I don't know anybody.
That's saying in that say in this that's that's -- this John Mack we should point out the CEO who forms he'll go of Morgan Stanley.
Is gonna have a book out fairly soon.
-- book he's got a publisher penguin I believe and he's.
Not only that did the due date is is -- 2000 to thirteen I believe that's about when Mac is gonna put his book out.
I don't know Max book is gonna be quite the defense that -- is we're faced got a lot of a lot of publicity lately.
Been on the forefront of how the banks are getting crushed unfairly crushed in his view it's a different take.
You know does that sell -- the public I don't know but I you know what they'll tell you about the -- -- exit judging when I was at brand X network.
It was early in two to his mid 2007 to Bear Stearns hedge funds.
Had just gone down Bear Stearns as -- company stock was teetering.
And I said is there a difference between the hedge funds and company.
And he was the first -- to -- -- He believed the company.
Had some of those same securities those risky securities on its balance sheet.
As the hedge funds and he was ultimately right into -- as you know march does any Bear Stearns was the first first company to go first domino to fall.
That the basic bailed out through purchase which it to -- purchase for JPMorgan.
Am but I tell -- -- was the first guy so I think this book will be adjusting we'll see a much leeway he takes he's pretty controversy was that the police had sued before because.
He basically said certain banks we're gonna go on this who's not afraid to put himself out there I think this will be an interest in book one other point.
Here's one way to play the European crisis that people forget.
Arm the US banks will be good question people -- do they what type of exposure do they have to Greece quantify it.
Italy quokka fight Spain -- the -- and that's how you bet this.
I will tell you every CEO I know says there exposure to Greece itself is the minute -- It -- it's not material to the bottom line if you believe that -- -- I don't know Jaime diamonds line I had a lot of couple weeks ago exactly what he said if you believe that.
And you don't freak out by Greece now the question is does Italy default.
I can't be that huge comp huge economy and a lot of debt outstrips that's -- you play -- you've got to look at bank exposure.
Well this is -- is a great interview and president talked is available to us through.
I'd like asked -- to thank you very much.
Well the closing doesn't rank that we now have 47 minutes to go and the Dow is flirting with session lows right now it keeps growing and growing and growing.
Wait till you hear the newest milestone that is putting.
Apple and a league of its own right now -- on a 130 and.
