Where the Money Is 12.02.13
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 2 December 2013
⏱️ 26 minutes
🧾️ Download transcript
Summary
What can retail investors learn from 13F filings? Join Motley Fool analysts Matt Koppenheffer and David Hanson as they look at the latest on bank settlements, answer a question about diversifying a smaller portfolio, and grade their Thanksgiving feasts.
Transcript
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| 0:00.0 | Bank of America coughs up millions and the Fed is eyeing the weakest link. |
| 0:05.6 | You're in the right place folks because this is where the money is. |
| 0:09.2 | Welcome to the show. It is Monday. Welcome back from the Thanksgiving holiday. I'm |
| 0:18.0 | Matt Kopenheffer. This here is David Hanson. David, I'm hearing that Amazon is now |
| 0:25.4 | wants to use drones to deliver packages. |
| 0:29.4 | That's great. |
| 0:30.9 | But what I want to know from you is what is the next iteration. What is the next big thing out of Amazon? That's already old news. |
| 0:37.0 | The drones are pretty crazy. You got to watch the video of these things. They're insane. They got eight little helicopter things. The next thing that's |
| 0:43.2 | coming, it's like they just read your mind and know what you want. You don't even |
| 0:46.5 | have to order anything on Amazon anymore. You're just like, oh man. You don't have to go to the |
| 0:49.7 | website. I really want that toaster and then you turn around and the toasters there. That's what's next. You want that toaster and then you turn around the toasters there. |
| 0:52.8 | That's what's next. |
| 0:53.6 | You want a toaster? |
| 0:54.8 | I need a toaster. |
| 0:55.6 | I will get you a toaster. |
| 0:56.8 | That's going to be your Christmas present. |
| 0:58.2 | Thank you. |
| 0:59.2 | All right, getting to the headlines now that we know David's Christmas present from me. We got Bloomberg here. B of A reaches |
| 1:04.5 | 404 million dollar mortgage deal with Freddie Mac as the headline states is a |
| 1:10.9 | 404 million million deal. |
| 1:14.1 | This settles the mortgage complaints of Freddie Mac between 2000 and 2009 from Bank of America. |
| 1:21.7 | And Bank of America is the key there. This is only Bank of America, and Bank of America is the key there. |
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