Meredith Whitney may not be ahead of the curve on this -- folks have been warning about this for awhile -- but it's significant that one of the most visible analysts on the street is warning about the economic health of the states and ...
"The similarities between the states and the banks are extreme to the extent that states have been spending dramatically and are leveraged dramatically," [Meredith Whitney] said. "Municipal debt has doubled since 2000, spending has ...
Banking analyst Meredith Whitney this afternoon talked with Maria Bartiromo on CNBC on the risks facing state finances.Whitney's report, “Tragedy of the Commons,” offers ratings on 15 US states.Whitney tells Bartiromo that the fiscal ...