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.
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At the Berkshire Hathaway annual meeting, Warren Buffett's right-hand man said that banks should be prohibited from trading derivatives.
John Maxfield owns shares of Bank of America. The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase. 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.
Stocks Mentioned
Berkshire Hathaway
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Bank of America
BAC
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Citigroup
C
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$0.23
JPMorgan Chase
JPM
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$0.29
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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