Boomberg.com – Joe Mysak: Meredith Whitney Overreaches in Muni Default Call There will be between 50 and 100 ?significant? municipal bond defaults in 2011, totaling ?hundreds of billions? of dollars. So said banking analyst and new municipal bond expert Meredith... Read More
<Click on picture to watch video> CBS News – 60 Minutes: State Budgets: Day of Reckoning Steve Kroft Reports On The Growing Financial Woes States Are Facing By now, just about everyone in the country is aware of the federal... Read More
The Wall Street Journal – Meredith Whitney: State Bailouts? They’ve Already Begun The threat posed by the state fiscal crisis in the U.S. is vastly underestimated and under-appreciated?because even today too few people understand how states have been managing their... Read More
The Economist – American states’ pension funds: A gold-plated burden Hard-pressed American states face a crushing pensions bill Joshua Rauh, of the Kellogg School of Management at Northwestern University, and Robert Novy-Marx, of the University of Rochester, estimate that the... Read More
Bloomberg.com – Whitney Falters in Trying to Repeat Success of Citigroup Call Meredith Whitney, the bank analyst who jumped to celebrity from obscurity by correctly predicting Citigroup Inc.?s dividend cut, is having less success divining stock market winners and losers.... Read More
Fortune.com – Meredith Whitney’s new target: The states Put simply, the study warns that the giant gap between states’ spending and their tax revenues, estimated at $192 billion or 27% of their total budgets for the 2010 fiscal year, presents... Read More
The Wall Street Journal – Meredith Whitney: The Small Business Credit Crunch The financial reforms currently contemplated will further restrict capital. Expect unemployment to stay high. The next several weeks will be critically important for politicians, regulators and the larger... Read More
The Wall Street Journal – Wall Street’s Latest Derivative: Goldman Parodies Exclusive Club Sends Up a Mighty Bank With Lampoons of Old Tunes“How do you solve a problem like Lloyd Blankfein? How do you cap a bonus and keep it... Read More
CNBC – Government ‘Out of Bullets’; Consumers in Trouble: Whitney The government is running out of ways to help the economy as the US faces major issues regarding credit and employment ahead, banking analyst Meredith Whitney told CNBC. “I think... Read More
Zero Hedge (blog) – Meredith Whitney Most Pessimistic About Plummeting Credit Card Lines; Fed’s Meddling In MBS And Agency Purchases The full Meredith Whitney Bloomberg radio interview can be found here. Some of the gloomier observations by Meredith: Credit card... Read More
Bloomberg.com – Whitney Says Goldman Sachs Lost ?Tremendous’ Talent Meredith Whitney, the analyst who cut her rating on Goldman Sachs Group Inc. last month, said the bank has lost some of its top-performing employees as executives left to start their... Read More
The Wall Street Journal – Banks Hasten to Adopt New Loan Rules Banks are moving quickly to restructure commercial mortgages under new U.S. guidelines that are more forgiving of battered property values and can help banks avoid bigger losses. Citigroup... Read More
The Financial Times – Gillian Tett: Rally fuelled by cheap money brings a sense of foreboding Earlier this month, I received a sobering e-mail from a senior, recently-retired banker. This particular man, a veteran of the credit world, had just... Read More
CNN/Money – Is the market rally a hoax? Stocks have soared thanks to ‘strong’ earnings reports. But some worry that the Dow’s move above 10,000 has been fueled by hot air. Still, there are some significant causes for concern. That... Read More
The Wall Street Journal – Reality Check for Bank Profits, Stock Rally In the relationship between bank earnings and the stock market, the honeymoon is over. Wednesday morning’s third-quarter release from J.P. Morgan Chase will be the opening note in... Read More
<Click on chart for larger image> The Wall Street Journal – MEREDITH WHITNEY: The Credit Crunch Continues Taxpayer dollars have supported institutions that are ‘too big to fail.’ Small business has been left out in the cold. Anyone counting on... Read More
The New York Times – Goldman Sachs Likely to Post Huge Profits, Analysts Say Most of Wall Street, and America, is still waiting for an economic recovery. Then there is Goldman Sachs. Up and down Wall Street, analysts and traders... Read More
The Financial Times – Banks face debt downgrades by Moody’s Banks could see a large swathe of their debt downgraded if Moody’s Investors Services, the rating agency, pushes ahead with plans to reform how it rates the hybrid securities that... Read More
Comment Jim was on CNBC last night discussing the markets and whether or not the stock market is peaking this week. See our poll question to the right. If you missed the interview, you can watch it by clicking on... Read More
The Wall Street Journal – When Meredith Whitney Calls, Should You Listen? The Meredith Whitney myth might be in line for a downgrade. The bearish banking analyst has been the toast of Wall Street and Main Street since Oct. 31,... Read More