Over the weekend, one of the nation's richest and best-known capitalists came out in favor of more regulation for banks. In the following video, Motley Fool contributing writer John Maxfield discusses what this means for the nation's largest banks.

John Maxfield owns shares of Bank of America. The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.