Tag: municipal bonds

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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Meredith Whitney’s Misinformation Campaign

Almost six months ago, Meredith Whitney – the controversial financial investor who made her name by predicting the recent troubles for Wall Street banks  – set off a firestorm in financial markets by claiming that “social unrest” was coming in the form of ”50-100 sizeable municipal defaults.” She’s back this week with an op-ed in

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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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