Top analyst Whitney stands by controversial call: Prepare for massive defaults and social unrest

25 Dec

Meredith Whitney, the former Oppenheimer analyst whose dead-on predictions on the banking crisis vaulted her to fame, stands by her controversial new call: Massive unrest across the country as the municipal-bond market sells off.

Whitney appeared Sunday on “60 Minutes” to predict defaults in as many as 100 cities and towns, followed by European-style public demonstrations as cities slash budgets in response.

via Meredith Whitney: Muni Defaults, Social Unrest Ahead.

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Posted by on December 25, 2010 in economy, money


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