Financial Plays & Strategies for 2012

Wednesday, 7 Dec 2011 | 5:10 PM ET

The Fast Money traders with a look a the whipsaw play in financials, and CNBC's John Carney reports how John Mack stood up to regulators and "saved" Morgan Stanley. Also, which investment plays are best to get investor through another potentially rocky road ahead, with Jeffrey Palma, UBS head of global equity strategy.