Where the Money Is 12.17.13
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 17 December 2013
⏱️ 25 minutes
🧾️ Download transcript
Summary
Does Bank of America need to fix itself reputation problem for it to be a successful bank? Join Motley Fool analysts Matt Koppenheffer and David Hanson as they discuss women on Wall Street, value Dunkaroos, and compare Ben Affleck’s career to that of a company.
Transcript
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| 0:00.0 | The Fed turns 100 and we're partying. You're in the right place folks because this is where the money is. |
| 0:11.0 | Welcome to the show. It is Tuesday. I'm Matt Kopin Heifer and this is David |
| 0:15.3 | Hanson. David, I'm glad to be back in the studio and I'm particularly glad |
| 0:19.9 | because you guys were doing some trash talking about me and my flying experience yesterday |
| 0:25.6 | so at least I can be here. Very shady. Multiple flights being delayed and |
| 0:29.9 | canceled. I think you're on the no-fly list. I wish that I wish that I was making it up some sort of interrogation |
| 0:36.0 | all right let's get onto the headlines the first headline of the day we've got a little |
| 0:40.4 | fed action David I know you'll love this. Bernanke says bold actions |
| 0:44.7 | critical in feds 100 years. Federal Reserve turned 100 and some of the old |
| 0:50.8 | boys club there got together, |
| 0:53.0 | along with Janet Yellen, who were expecting. |
| 0:56.0 | No longer a Boys Club get approved. |
| 0:58.5 | She didn't get approved yet. |
| 0:59.4 | I don't think that. |
| 1:00.4 | I'm expecting her to get approved. |
| 1:01.6 | But they talked a lot about the bold actions that need to be |
| 1:05.1 | taken over the years by the Fed to stabilize the economy in certain times. You |
| 1:10.9 | had both ends of the spectrum really there, Paul Volker on the one end, who had to take |
| 1:15.8 | bold actions by pushing interest rates way up to fight inflation, and then you had Greenspan |
| 1:22.1 | who pushed him way down to head off the stock market crash in 1987. |
| 1:27.0 | And then the stock market crash of 2002, which remains a little bit of a cloudy time for him because you had those |
| 1:36.8 | low interest rates kind of roll into the 2008-2009 crash and then you had what |
... |
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