He doesn’t expect that new financial regulation will stop another financial crisis from occurring either. "There's no period in time in which the banks create financial crises," Bove said. "They help facilitate financial crises." (Related: Break Up the Big Banks? Why It Could Actually Happen ).

The safe way to play the banking sector is through the big regional banks like US Bancorp , BB&T and PNC Financial, Bove said.

He prefers the riskier big bank stocks like JPMorgan Chase Currencies , Bank of America , Citigroup , and Wells Fargo .

Currencies

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