1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
CanadianValue
Canadian Value
Articles (4624) 

Charlie Munger Fortune Interview - 'Banks May Get in Trouble Again'

May 06, 2013 | About:


Berkshire (NYSE:BRK.A)(NYSE:BRK.B) has an enormous amount of money invested in Wells Fargo (WFC) and Goldman Sachs (GS), so the health of big banks is of great interest to Warren and Charlie.

In this interview Charlie says that he thinks the big banks should be more heavily regulated and simplified.

Allowing deposit taking banks to have derivative books was an horrific error.

Charlie thinks the temptation is too great for bankers who aren't regulated enough. He believes that the trading books are what get the banks in trouble.

There is no pending banking crisis, but eventually the banks with derivative books will get themselves back into trouble.



About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 2.3/5 (3 votes)

Comments

Please leave your comment:


Performances of the stocks mentioned by Canadian Value


User Generated Screeners


gelayor65All Stocks With Blackrock Heav
jan.ellsbergerHernhag rev5
jan.ellsbergerHernhag rev4
jan.ellsbergerHernhag rev3
jan.ellsbergerHernhag rev2
jan.ellsbergerHernhag
BoubaPFS Value Sector
18th_bronzemanzz_ultra_alpha_w_div_conservat
eae010Forward Growth Edited
bpatton23L/Cap value
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK