Former star financial analyst Meredith Whitney has finally resolved a legal battle, but her hedge fund appears to have little money left. » Read More
Jefferies CEO Rich Handler has at least one prominent supporter — noted banking analyst Meredith Whitney, who said the company is run conservatively and unlikely to get hammered by exposure to European debt.
Some say big-business stars such as Oprah Winfrey, Martha Stewart, and Meg Whitman have not only broken the glass ceiling, they've made it irrelevant. Either way, they're certainty good role models.
Just about a year ago this week, rumors started to circulate in the sometimes sleepy and boring world of municipal finance. The crisis talk went into overdrive, of course, when Ms. Whitney appeared on 60 Minutes andwarned that the $3 trillion municipal bond market faced the immediate threat of hundreds of billions of dollars in defaults.
Major banks stop lending to each other. A liquidity scare sets in. Policy makers contemplate fillingl the void with dollars meant to stave off fears that the banking system is failing.
An economy under constant barrage from housing, price inflation and debt concerns actually has created investment opportunities, banking analyst Meredith Whitney said.
Tea Party members are primarily “freaked out white men” who pose the greatest political threat to Democrats in 2012, according to banking analyst Meredith Whitney.
Meredith Whitney sees signs of a double-dip as cities and towns continue to get squeezed by cuts in federal funding.
New Jersey's move to take out a short-term $2.25 billion loan to pay its bill is symbolic of how difficult state and municipal financing will be in the year ahead, analyst Meredith Whitney said.
There's just not enough funds to go around in New Jersey. Meredith Whitney, Meredith Whitney Advisory Group, weighs in on the Garden State's decision to take out a bank loan to pay its bills.
If all the brightest minds in Harrisburg’s government can’t solve the city’s financial problems, maybe God can.
It’s still not easy being Meredith Whitney.
Since Meredith Whitney made her dire prediction that 50 to 100 municipalities may default on their debt, Congressman Patrick McHenry (R-NC), chairman of the Financial Services and Bailouts of Public and Private Programs subcommittee, has wanted to have her testify to explain her findings.
There's no doubt that states and municipalities have taken on more obligations than they can possibly pay. They can't afford the pensions, medical benefits and debt payments they've already promised to pay. When you add in the costs of basic services, such as education and policing, the situation is very obviously untenable.
Meredith Whitney is facing a watershed event for her predictions regarding mass municipal defaults and financial tumult in state budgets.
We’ve been critical of Meredith Whitney on “The Strategy Session”—especially when it came to her bearish call on the municipal-bond market. But Tuesday she deserves credit for posing what may be the investment community’s biggest question to Goldman Sachs on the heels of its first-quarter earnings.
The municipal debt market held steady Monday morning while Treasuries sold off after Standard & Poor’s said there was almost a one-in-three chance that it would downgrade US Treasury debt in the next few years.
Noted bank analyst Meredith Whitney slashed her first quarter earnings estimate for Morgan Stanley Wednesday, moving expected earnings per share to 34 cents from 59 cents.
Though she still expects municipal bond defaults and another 10 percent drop in housing prices, the analyst calls the US economy “dynamic and strong” and predicts some states will recover strongly.
To provide you advice on your investments, the "Fast Money" traders on Thursday revealed their best plays.
The words debt and crisis have become terribly associated with each other over the last few years. We have had a mortgage debt crisis, a sovereign debt crisis and now a lively debate over the likelihood of a municipal debt crisis.