Dick Bove: US banks have been 'nationalized'

``"They are not only setting very tough regulations concerning how the banks function, but with the highway safety bill, what they're doing is saying 'we're going to take some of the revenues from the banks and use it to repair highways,'" Bove said.'' -- Sounds good to us. Of course, the Fed dividend is only a tiny drop in the bucket of where banks make their money -- the Fed's QE and ZIRP have kept the big banks alive for the better part of a decade now. Plus, the banks call the regulatory shots, in general. So this doesn't change much.