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"Don't underestimate what could happen here," says Mike Mayo of the regulatory risk to banks....
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Thursday, June 14, 2012, 9:18 AM ET"Don't underestimate what could happen here," says Mike Mayo of the regulatory risk to banks. Think of all Japanese banks have gone through, then add to that a government "going after" them, and you get the U.S. environment. He remains underweight the financial sector, with Wells Fargo (WFC) as his top pick.
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> The one%ers not only off-shore jobs, their 2nd & 3rd homes r off shore too...where's Romney's: West Indies, Europe, Indonesia, Singapore...? I don't have one; can't afford it or the Democratic Republican party...the Libertarians under Ron Paul r going the way of the Reform party of Ross Perot--lame.
> I'm a contrarian investor, i.e., betting against human emotion & the herd instinct...