Meredith Whitney was an obscure Oppenheimer & Co. bank analyst back in 2008 when she broke from the pack and predicted Armageddon. She was right, the pack was wrong, and she parlayed her new-found fame into a research boutique of her own.
Last year she went for it again, predicting that the next big crisis would be in municipal bonds, as U.S. cities, counties and states ran out of money and started defaulting. This call didn't pan out as quickly:
July 15, 2011 - Time is running out on the credibility of Meredith Whitney, who has yet to acknowledge that her eight-month-old prediction of widespread defaults this year in the market for state and local government debt is proving unfounded.
Comments
toxic worthless counterfeit derivatives are still off the books. It's a ponzi scheme.
Wall Street is a criminal enterprise and the Fed
is an enemy of the people.
I say write all these fraudulent debts off and start over.
Let's defund our Nazi Empire and spend the money here at home and pay for Healthcare and schools and eliminate student debt and write down the mortgage loans that skyrocketed due to banking fraud.
We need all the banking regulations that Roosevelt
Installed back and deal with these fraudsters with
the Rico Act.
Let us forget all of the brilliant elected officials, who through their social justice ministries, aided and abetted this collapse?