Video: Maria Bartiromo with Bank of America CEO Brian Moynihan -- January 29
There's nothing too special about this very short clip, other than it shows Maria that is about as stupid on camera as Palin has been recently.
Big surprise: Moynihan wants no limits on size.
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UPDATE: Second video added (better).
Video: Bartiromo with Moynihan (more in depth)
"Bank of America is not too big," Moynihan said at the World Economic Forum in Davos, Switzerland. "Big by definition is not the question, it's a question of how you conduct your activities, how you manage activities and how you manage risk."
U.S. President Barack Obama outlined his aggressive plans to curb risk in the financial sector earlier this month. If passed into law, some banks could be broken up in order to separate their traditional banking operations from their riskier units, such as proprietary trading.
Moynihan said that the banking industry is set to "engage" with new regulations, but it is already "healing". He pointed out that BofA and other institutions have made strides in recapitalizing balance sheets.
"I think the idea of not having our $250 billion of capital there for our clients across the board is actually an idea which wouldn't have solved the last problem and won't solve the next," he said.
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