Why I Was Right About Banking

The following video is part of our "Motley Fool Conversations" series, in which financial and economics sector head Ilan Moscovitz and consumer goods editor and analyst Austin Smith discuss topics across the investing world.

In today's edition, Ilan and Austin discuss Ilan's short of a financial stock heavily tied to the mortgage scandal that's heating up. Find out why it paid off and how the latest events could affect banks.

The financial heavies are getting a lot of press these days. And much of it is negative. But there's one small bank that's flying under the radar. It has some of the best operational numbers you'll ever see. The Motley Fool featured it in its brand-new free report: "The Stocks Only the Smartest Investors Are Buying." We invite you to download a free copy. Just click here to find out the name of the bank Buffett would be interested in if he could still invest in small banks.

At the time thisarticle was published Austin Smith has no positions in the stocks mentioned above. Ilan Moscovitz has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, Citigroup Inc , JPMorgan Chase & Co., and Wells Fargo & Company, and is short Lender Processing Services, and has the following options: short APR 2012 $21.00 puts on Wells Fargo & Company, short APR 2012 $21.00 puts on Wells Fargo & Company, short APR 2012 $29.00 calls on Wells Fargo & Company, and short APR 2012 $29.00 calls on Wells Fargo & Company. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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