The Fiscal Cliff, National Debt, and the Big Banks
In this video, Motley Fool analysts Morgan Housel and Matt Koppenheffer sit down to chat about some of the biggest recent news in the financial sector. We hear about AIG and how the U.S. government recently sold off the last of its position in the company, we talk about the recent announcement that the New York Stock Exchange is being bought, we look at UBS and the recent LIBOR manipulation scandal, and we talk about what consequences the fiscal cliff might or might not hold for the big banks, and one absurd solution to the whole debt crisis.
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The article The Fiscal Cliff, National Debt, and the Big Banks originally appeared on Fool.com.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 AIG, Bank of America, and Citigroup and has options on AIG. Motley Fool newsletter services recommend AIG and NYSE Euronext. 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.
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