Dick Bove On The Foreclosure Settlement: There Is No Sanctity Of Contracts; Only Fools Meet Their Financial Commitments

http://www.zerohedge.com/news/dick-bove-foreclosure-settlement-there-no-sanctity-contracts-only-fools-meet-their-financial-co

Dick Bove Goes For The Post-Lehman Twofer: MF Global Is Fine

Anybody who followed this clown Dick Bove's advice would have lost a fortune--3 times.  He fancies himself a banking analyst.

http://www.zerohedge.com/news/dick-bove-goes-post-lehman-twofer-mf-global-fine

Dick Bove's Hist(o/e)rical Bank of America Price Targets

Dick Bove, "expert" banking analyst should just hang it up.  He's destroyed enough portfolios with his bullish calls on bankrupt banks. 

http://www.zerohedge.com/article/afternoon-humor-dick-boves-histoerical-bank-america-price-targets

Wall Street analysts

This is all you need to know about Wall Street "experts", "pundits", "analysts", ad nauseum.

Shares of Lehman Brothers were trading at $12.69 on August 20, 2008, already down 87% from its 2007 peak.

http://www.ft.com/cms/s/0/586ed412-6ee6-11dd-a80a-0000779fd18c.html#axzz1OdXYUmPU

On August 21, 2008, banking analyst Dick Bove upgraded Lehman Brothers shares to a Buy recommendation. 

http://www.cnbc.com/id/26332773

Not to be outdone, on September 5, 2008, CNBC's Mad Money host Jim Cramer, went a step further and declared Lehman a "Screaming Buy", causing the shares to be bid up to $16.21, up $1.03 for the day.  It was due to the "Cramer effect", as he had a large following of retail investors (and probably closet institutional investors).

http://seekingalpha.com/article/94165-worst-downgrades-cramer-s-stop-trading-9-5-08

In fact, Cramer was going out on a limb here, he named Lehman his “screaming buy” for the last couple of hours of Friday trading. It “can’t get any worse there,” he said.

On September 15, 2008, Lehman Brothers was forced into bankruptcy, and shares plummeted to $0.  Investors in Lehman Brothers shares lost everything.