Where the Money Is 10.31.13
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 31 October 2013
⏱️ 26 minutes
🧾️ Download transcript
Summary
2 scary stocks and we dip into our mailbag! Join Motley Fool analysts Matt Koppenheffer and David Hanson as they discuss the latest on Bank of America, Visa, and Berkshire Hathaway.
Transcript
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| 0:00.0 | Visa down, Bank of America has even more legal charges, and Warren Buffett just has so much money. |
| 0:08.0 | You're in the right place, folks, because this is where the money is. Welcome to the show. |
| 0:15.0 | I'm Matt Kopenheffer. |
| 0:17.0 | Right here next to me is David Hanson. |
| 0:19.0 | It is indeed Halloween, |
| 0:21.0 | and if you can't tell I am dressed up for the Howard and Kumar go to White |
| 0:25.3 | Castle fans out there I am extreme sports punk that is a is a very niche reference |
| 0:31.0 | very niche I like that you dressed up as well. You are an investment |
| 0:37.0 | banking analyst after hours after I took the tie off. You took the tie off. |
| 0:40.6 | You're ready you're ready to be there for the night my shirt has orange on it |
| 0:45.1 | orange and black that's that's Halloween oh yeah it's as risky as I go you |
| 0:48.6 | nailed it you nailed it David all right let's move on to the headlines The first headline of the day is from the Wall Street Journal. |
| 0:55.0 | Bank of America says U.S. could file a civil suit on mortgage securities. |
| 1:00.0 | This is upping the amount of money that Bank of America may see for legal liabilities. |
| 1:06.6 | It's like the money pinata that never ends with the big banks. |
| 1:11.4 | The bad news is that there may be more money that Bank |
| 1:14.4 | America has to set aside than you originally thought. The good news is that |
| 1:17.4 | within the article the article talked about more parties pulling out their |
| 1:21.9 | opposition to the 8.5 billion dollar private |
| 1:25.1 | MBS settlement is currently in court that would be good news if I mean if |
| 1:30.3 | parties keep pulling out their opposition and and that goes through, that would definitely |
| 1:34.2 | be good news for sure. |
... |
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