meredith whitney has to go before congress now

[chad]

http://www.zerohedge.com/article/meredith-whitney-called-tesify-house-her-muni-call

apparently they don't like the fact that she's bearish on muni's. i guess if you are a bear on the wrong things now, you get called in and investigated. i'm pretty sure if meredith had trashed au or ag and they sold off she wouldn't be getting called in to congress.

un. fucking. believable.

[osoab]

She was called to testify and declined. As of yet, she has not been subpoenaed.

I wonder if they will ask about steroid abuse in her past. :D

[Cobalt]

I guess everyone is entitled too an opinion, as long as it's the right opinion.

[undgrd]

Is it possible they want to talk to someone who knows what they're doing????

Nah...back to our regularly scheduled program.

http://www.thepeoplesvoice.org/cgi-bin/blogs/media/gladiators_football.jpg = http://cache3.asset-cache.net/xc/dv752050.jpg?v=1&c=IWSAsset&k=2&d=91F5CCEF208281FD88ED82A9006300AC66C612CC519E2853 292321A1C06AB670

[osoab]

Is it possible they want to talk to someone who knows what they're doing????

Nah...back to our regularly scheduled program.

http://www.thepeoplesvoice.org/cgi-bin/blogs/media/gladiators_football.jpg = http://cache3.asset-cache.net/xc/dv752050.jpg?v=1&c=IWSAsset&k=2&d=91F5CCEF208281FD88ED82A9006300AC66C612CC519E2853 292321A1C06AB670


I am wondering if they are going to parade her around and make her the boogie man for bringing down the muni markets.
The sheep will feel better when they have a single scapegoat that is promoted by the TPTB.
I think she stepped on a few too many toes this time.

Damn unfortunate.

[nunaem]

http://www.thepeoplesvoice.org/cgi-bin/blogs/media/gladiators_football.jpg = http://cache3.asset-cache.net/xc/dv752050.jpg?v=1&c=IWSAsset&k=2&d=91F5CCEF208281FD88ED82A9006300AC66C612CC519E2853 292321A1C06AB670


I wish!

Football is womanly compared to The Games.

[undgrd]

Maybe it's time to line up and shoot all the messengers. That'll show the know it all's....who happen to be right.
:oo-->

[osoab]

Behind the bond-crisis brouhaha (http://www.nypost.com/p/news/opinion/opedcolumnists/doomsday_politics_zYKMybcZWpRdjyvbksBshN)



Charles Gasparino
High-profile Wall Street analyst Meredith Whitney's doomsday prediction that hundreds of billions of dollars in municipal bonds will evaporate in default over the next year has been condemned as improbable to irresponsible by just about anyone who knows anything about municipal finance.

Cities and states rarely default on their debt, and for her prediction to be accurate, the economy would have to be getting much worse rather than somewhat better, as most data show. It's hard to imagine even places like California, New York and New Jersey somehow deciding not to pay back bondholders this year; governors in each state want to issue more debt, and such a default would bar them from doing so for years.

The rest at the link.


Denninger's Response

Gasbag-a-Rino Does It Again
(http://market-ticker.org/akcs-www?post=179457)

[Low Pan]

Is it possible they want to talk to someone who knows what they're doing????


I think it's more of they want to talk to her and figure out her sources of information. She's spot on about Muni's too. I feel bad for retirees heavily invested in muni's. They are about to take a BIG hit. :(

At the end of the day I suspect her answer will be "I did my Due Diligence, why didn't you?"