Tag: municipal bankruptcy

Muni Default & Bankruptcy-Chasing Continues

For a moment I thought it was April Fool’s Day, not Leap Day.  Why? Former Kansas City Mayor Mark Funkhouser, now with Governing, blogged on February 29 that Stockton, California’s plan to declare default on $2 million in debt payments might be evidence that Meredith Whitney’s 2010 prediction of 50-100 sizeable muni defaults in the

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Whitney Says Earthquake is Sign of De(Fault) Problem

August is a slow month in D.C.  and we thought we’d add some humor to the post-Earthquake news cycle.  Obviously, none of the statements or quotes in this post are real. Financial analyst Meredith Whitney said that the recent earthquake in the mid-Atlantic region is yet another sign of underlying instability in the municipal bond

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Crying Wolf on Municipal Defaults, Part 2

Here we go again.  Meredith Whitney, the Wall Street analyst who appeared on CBS’ 60 Minutes in December and predicted “50-100 sizeable municipal defaults” totaling “hundreds of billions of dollars,” appeared on CNBC this morning and claimed that there would be “indiscriminate selling” of municipal bonds because “local leaders want to default on debt investors

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