In the following video, Motley Fool analysts Morgan Housel and Matt Koppenheffer discuss some potential ramifications of the fiscal cliff. Since a significant portion of the U.S. national debt is owned by big banks, they stand to lose a lot of money if the fiscal cliff causes interest rates to rise, a scenario that many think may occur. Morgan, however, points to some recent U.S. history that may suggest that quite the opposite is possible.
Fool contributor Matt Koppenheffer owns shares of Bank of America. Fool contributor Morgan Housel has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. Motley Fool newsletter services recommend Wells Fargo & Company. 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.
