CNBC Video: Banking analyst Dick Bove -- aired January 19, 2010
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Bove is mediocre banking analyst but he's correct on Citigroup. Of the 22 billion shares outstanding, the U.S. government owns almost 8 billion and is looking to sell. In some quarters, that could be considered a mild stock overhang.
He is wrong, however, about the banking tax. Though it is mostly for show and might even be unconstitutional, it is a good first step in the direction of fairness for taxpayers.
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