U.S. Debt, Credit Rating and Bank Asset Valuation

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July 29 (Bloomberg) -- Richard Bove, an analyst at Rochdale Securities, talks about the political standoff over the U.S. debt ceiling and budget deficit, and the likely impact of a downgrade of the government's credit rating on the value of bank assets. Bove, speaking with Tom Keene on Bloomberg Television's "Surveillance Midday," also discusses bank stocks. (Source: Bloomberg)

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