Where the Money Is 11.25.13
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 25 November 2013
⏱️ 23 minutes
🧾️ Download transcript
Summary
Are investors giving Warren Buffett too much credit? Join Motley Fool analysts Matt Koppenheffer and David Hanson as they look at the latest on bank settlements, look at the latest Buffett-buy, and find out where you can pay rent in Bitcoin.
Transcript
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| 0:00.0 | Is the Federal Reserve done giving free money to big banks? |
| 0:04.0 | You're in the right place folks because this is where the money is. |
| 0:08.0 | Welcome to the show. It is Monday. I am Matt Kopenheffer. This here is David |
| 0:15.5 | Hanson. David the American Music Awards were yesterday and Taylor Swift and |
| 0:20.9 | Justin Timberlake cleaned up. |
| 0:23.3 | If you were to come back in a second life, |
| 0:25.5 | would you rather come back as Justin Timberlake |
| 0:27.4 | or Taylor Swift? |
| 0:28.4 | Justin Timberlake. |
| 0:29.4 | I know you'd rather say Myly Cyrus. |
| 0:31.2 | I'm not giving you that option. |
| 0:32.4 | I would say Myly, but it's Justin. You got to giving you that option. I would say |
| 0:32.8 | Myly, but it's Justin. You got Mickey Mouse Club, you got the |
| 0:35.3 | movies, you got the singing. It's the whole package. I like it. That's a strong play. |
| 0:38.8 | Speaking of strong plays, let's go to what the government's up to. Fifth third to pay $25 million to Freddie Mac in |
| 0:45.9 | mortgage settlement. I've got another related one here. This is from Wells Fargo. |
| 0:49.6 | U.S. government seeks to add Wells Fargo, Vice President to Mortgage Fraud |
| 0:54.0 | suit. What we have here is Wells Fargo, this suit is going after misconduct |
| 0:59.4 | going all the way back to 2001. The suit was already in progress. Now the government wants to loop in |
| 1:05.2 | Kurt Lofrano who's responsible for reporting materially defective loans to HUD |
| 1:11.6 | apparently they're saying he wasn't doing that. |
| 1:14.6 | And with the third, you got $25 million going to Freddie Mac |
... |
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