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"Don't underestimate what could happen here," says Mike Mayo of the regulatory risk to banks....

"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.
Comments (7)
  • Until the next president of the US of A..
    14 Jun 2012, 09:43 AM Reply Like
  • Yep. If Romney gets in, wingnuts will cut regulation, even needed stuff, planned and existing, to the bone. Markets will zoom and especially Wall St. and bank firms. Time to make as much money as possible in preparation for leaving the country before the common folk storm the gates! (Of course, the 1% will escape to their other homes overseas). Romney is actually a middle of the road business man, and doesn't differ much at all from Obama. But if wingnuts get Congress, much more $ to the 1%, deficit will explode again (wingnuts actually like to spend spend spend when their guy is in). He will be pressured to sign all the crazy laws that wingnuts will come up with. You think Occupy will gain momentum? Ha.
    14 Jun 2012, 01:33 PM Reply Like
  • I think that if Romney get's in it will be a result of a democratic election..
    15 Jun 2012, 07:48 AM Reply Like
  • U think? Unless the US Supreme Court gets involved, or have u forgotten the 2000 election precedent, already?
    24 Jul 2012, 11:38 PM Reply Like
  • What do you get when you put Mike Mayo and Meredith Whitney market calls together, with one last round of capitulation for good measure? Give up?....... an ideal long term investment opportunity...
    14 Jun 2012, 09:54 AM Reply Like
  • > Yep, remember Bastile Day: It's celebrated in France...? They started their revolution before US & finished long after III Napoleans...the wingnots/nuts got involved...couldn't decide on democracy w/ capitalism versus Monarchy w/ greed...
    > 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...
    24 Jul 2012, 11:29 PM Reply Like
  • Romney compares favorably to Bush II for those who care, regarding political philosophy; he represents a return to what started two wars & GD II...Obama ain't much either, but we killed Binladen & ratched down the national insanity in Afganistan which is not a threat from there anyway...oh, he'sanother chicken-hawk draft dodger too--look it up....five deferments & none of his sons served in the military either. How can u get that lucky?
    15 Jun 2012, 04:26 PM Reply Like
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