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IPFS News Link • Government Debt & Financing

Meredith Whitney Getting Trashed For Terrifying Muni Default Call

12-24-2010 • BusinessInsider.com/

Great Wall Street analysts make big, bold calls that make people think. And, right now, Meredith Whitney is the best in the business at that. Regardless of whether Whitney's latest default-doomsday prediction comes true, the whole country is now aware that hundreds of towns, cities, and states face massive budget shortfalls that have to be addressed. Dozens of analysts are now frantically gathering data to figure out whether Meredith Whitney is right or wrong. And we've all gotten a lot better informed about our slow-motion municipal trainwreck. So go ahead and trash Meredith Whitney, if it makes you feel better. Right or wrong, she's done us all--and, yes, herself--a service. If only more analysts were so brave.

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Reported By Jack Gregson

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