Douche Bag of the Day

Douche bag of the day:

Douche Bag Richard Bove of Rochedale Securities (Roch...who?):

"There is a movement in this country to fine, tax, and regulate success in the financial industry," Mr. Bove wrote. "I do not like it."

Arguing bailout cash "was borrowed in the open market and not taken from taxpayer funds" and that "the industry may have been able to handle its problems" had the government not stepped in, Mr. Bove, who speaks for many on Wall Street, seems to believe the bailout didn't carry the baggage of moral hazard that many believe will encourage firms to take risk. In addition, he argues fines, taxes and regulation curtail our financial competitiveness overseas. [Source WSJ]