The broad, across-the-board spending cuts known as the sequestration are due to kick in on Friday, March 1, and the effects will be far-reaching. In this video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss why the sequester is bad economics, which companies are going to be affected, and when we can expect to see the damage.
The Sequester Is Dumb, and Bad for These Stocks
By Matt Koppenheffer and David Hanson – Feb 28, 2013 at 2:33PM
NYSE: BAC
Bank of America
Market Cap
$378B
Today's Change
(0.85%) $0.43
Current Price
$51.53
Price as of October 23, 2025 at 9:59 AM ET
The sequestration will be as damaging as it is unnecessary.
About the Author
Matt is the head of the Coverage Team for The Motely Fool's premium products. Previously, he's been . Matt is a heavy user of AI tools and is working on harnessing them to help Fool members. Previously, Matt was GM of Motley Fool Ascent, led The Motley Fool Deutschland, has been an investor on various Fool services, and co-hosted the podcast "Where the Money Is". He also co-authored the book The Astonishing Collapse of MF Global. Matt started his career in San Francisco as a technology-focused investment banker and also worked at a $15 billion private equity company. When he's thinking about how to make Fools smarter, happier, and richer, you can usually find Matt running trails or making a mess in the kitchen. He's a graduate of the University of Pennsylvania, but is a lifelong fan of Penn State football.