More News
- Page Two
- News Links
Anarchives
Radio/TV
- Declare Your Independence with Ernest Hancock
Letters To Editor
- List of Letters
- Write a Letter
Join Us
Marketplace
- Buy Stuff - Sell Stuff
- Store on CafePress.com
Special Editions
RSS Feeds
About Us
Log-In

Make a Comment • Email Link • Send Letter to Editor

IPFS News Link • Government Debt & Financing

JPMorgan CEO says Hundreds of Municipalities "Won't Make It"

03-30-2011 • EconomicPolicyJournal.com

In a speech before the United States Chamber of Commerce, JPMorgan Chase Chairman and CEO Jamie Dimon told the audience: I wouldn’t panic about what I’m about to say. You’re going to see some municipalities not make it. I don’t think it’s going to shatter America, I just think it’s a part of the credit cycle. He went on to say that some municipalities will need to renegotiate their debt and it will be hundreds of them that may “not make it.” Analyst Meredith Whitney has been essentially warning about the same thing but has been under attack for her comments from the muni bond industry and has faced extensive repeated attacks for her view in columns by FOX reporter Charlie Gasparino.

Read Full Story

Reported By Jack Gregson

Make a Comment • Email Link • Send Letter to Editor