WHEN: TODAY, WEDNESDAY, JANUARY 12TH
WHERE: CNBC'S "SQUAWK BOX"
Following are excerpts from the unofficial transcript of a CNBC EXCLUSIVE interview with Meredith Whitney, Founder & CEO Meredith Whitney Advisory Group, today on CNBC's "Squawk Box."
All references must be sourced to CNBC.
Whitney on JP Morgan:
I THINK WHAT'S INTERESTING FOR JPMORGAN'S CASE OR LARGER INSTITUTIONS THAT CAN REPAY A DIVIDEND. THEY HAVE A CHOICE, THIS IS OBVIOUSLY A BIASED PERSONAL OPINION, THEY HAVE A CHOICE, THEY CAN MAKE STRATEGIC ACQUISITIONS OUTSIDE THE U.S., AND WOULD BE A BIG DEAL FOR JPMORGAN, I WOULD PREFER TO SEE THEM DO OR THEY CAN RETURN MONEY TO SHAREHOLDERS OR DO A DOMESTIC DEAL, THE SUNTRUST THING I THINK WOULD BE HORRIBLE FOR THEM TO DO.
Whitney on Muni Debt:
FEBRUARY IS A CRITICAL MONTH FOR STATE DATA. BECAUSE THE PUGH INSTITUTE, WHICH COVERS ALL PENSION FUNDS ACROSS THE NATION, THAT DATA COMES OUT. THE DATA IS GOING TO LOOK REALLY BAD.
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