Meredith Whitney & Municipal defaults - NewWaveSlave.com

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Uploaded by on Jan 12, 2011

http://www.NewWaveSlave.com - Meredith Whitney discusses her now famous call on municipal defaults in 2011. Whitney expects 50-100 municipal defaults and says there is a total of $3trillion in total Muni debt. The end of "Buy America Bonds" & stimulus money will force municipalities to collapse/merge in order to protect the state. Meredith Whitney states that it isn't the severity, but the frequency of defaults which will lead to indiscriminate selling.

Favorite quote: politicians will have to answer the question of whether to default to bond holders or their constituents. (great question!)
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NewWaveSlave.com

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Uploader Comments (TheNewWaveSlave)

  • So true we are new aged slaves. Most don't see it that way but that's the beauty of it the fact that most believe that income taxes go to support roads, Firemen, schools and police is the CON.

  • @davincij15 I am glad you like my concept re: NewWaveSlave There is more coming down the pike to hopefully wake up the sleeping sheeple.

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  • I love how she laughs @ 3:45 - that tells me a great deal how full of shit these market analysts are.

  • Atlas will shrug.

  • Should 50-100 municipalities default, that will hardly be the end of the world, seeing that there are 42,000 municipal bond issues. Ms. Whitney is doing her best to be a good little ho for the Wall Street Crime Family. This assault on the working people must be stopped.

  • The Fed will buy munis.

  • i live in illinois. shit.

  • 05:46 "You don't HAVE to have both..." She is almost yelling to the CNBC guy... LOL!

  • Here we go again with CNBC creating more division with that red and blue non-sense. This is an american problem. Everyone has to blame.

  • 50 to 100? *Yawn* Buh bye, Illinois, buh bye, Cali. You will not pull the rest of us down with you.

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