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.
Charlie Munger Derides "Too Big to Fail"
At the Berkshire Hathaway annual meeting, Warren Buffett's right-hand man said that banks should be prohibited from trading derivatives.
By John Maxfield – May 7, 2013 at 5:30PM EST
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About the Author
I write about banks, trying my best to balance the good and the bad.
Stocks Mentioned
Berkshire Hathaway
NYSE: BRKA
$716,250.00
(+1.46%)+$10,310.00
Bank of America
NYSE: BAC
$52.75
(-1.59%)-$0.85
Citigroup
NYSE: C
$129.09
(+1.17%)+$1.49
JPMorgan Chase
NYSE: JPM
$306.27
(-2.74%)-$8.63
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.