http://finance.yahoo.com/tech-ticker/obama's-%22venezuelan-style%22-policies-will-cause-stock-market-crash-dick-bove-says-414086.html?tickers=spy,%5EDJI,%5EGSPC,dia,XLF,%5EIXIC,%5ERUT Obama's "Venezuelan-style" Policies Will Cause Stock Market Crash, Dick Bove Says Posted Jan 28, 2010 07:30am EST by Peter Gorenstein in Investing, Banking, Election, Politics Related: spy, ^DJI, ^GSPC, dia, XLF, ^IXIC, ^RUT To paraphrase Miller Tabak equity strategist Peter Boockvar, a political science degree on Wall Street may be more important than a finance degree these days. Since the crisis created the need for unprecedented government intervention, stocks are influenced just as much by policy decisions as they are by fundamentals and valuations. Last week's announcement of the "Volcker Rule" and President Obama's digs at the "banker [who] puts the rest of us at risk for his own selfish gain" in the State of the Union address are just the latest examples. Be afraid, Be very afraid. Dick Bove, bank analyst at Rochdale Securities, believes the growing acrimony between Washington and Wall Street could have devastating consequences. "If the President and Congress continue down the path that each has indicated...the equity markets will crash," he warns. "Moreover, the financial system will have to be rebuilt on a new base." President's Obama's latest proposal to limit the size and trading activity at banks will cut off money supply, Bove frets, driving "the United States back into recession and...crash the market." That's not allâ¦ Obama is crafting an attitude towards banks and the rich that Venezuela President Hugo Chavez would recognize as his own, Bove tells Aaron in the accompanying clip,.