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Are Banks Teetering on the Fiscal Cliff?

Tuesday - 1/1/2013, 6:00pm  ET

In the following video, Motley Fool analysts Morgan Housel and Matt Koppenheffer discuss some potential ramifications of the fiscal cliff. Since a significant portion of the U.S. national debt is owned by big banks, they stand to lose a lot of money if the fiscal cliff causes interest rates to rise, a scenario that many think may occur. Morgan, however, points to some recent U.S. history that may suggest that quite the opposite is possible.

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