http://www.NewWaveSlave.com - Meredith Whitney speaks with Maria Bartiromo on the impacts of the elections and the mortgage mess that is cleverly call fraudclosure. Expect massive fiscal & structural problems at state level and also look for 5,000 branch banks closing due to less profitable business. Whitney said the mortgage morass will be similar to the tobacco lawsuits that lasted 40 plus years. Fraudclosure is tobacco 2.0. It doesn't look pretty for the financials, housing industry, or the economy as a whole. Meredith Whitney also said that Ben Bernanke and the Federal Reserve's policy of QE2 doesn't help middle America and it only raises the prices.
Nice interview and worth the watch.
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Meredith Whitney in a school-girl look... I like it!!
tyronebiggums3 1 year ago