Meredith Whitney, who made what some consider a controversial prediction in December 2010 regarding municipal debt, is sticking by her view on where the next financial crisis will happen – at states and municipalities. In a recent interview with CNBC she stated, “I can’t believe I’m the only person talking about it. That doesn’t make any sense to me that we’re (the only ones) shedding light on this. If people want to attack me, OK, I’m kind of used to it at this point.” A portion of he interview can be viewed below.
There are two interesting pieces, published today, arguing for and against Whitney’s position. Good old Charlie Gasparino does the honors for the against camp. He came out with an op-ed, colorfully entitled Meredith Whitney Doubles Down On Wrong, publishing it with the Huffington Post. He also discussed it in his childishly arrogant way on the Fox Business Channel. You can see that segment here with his animosity for his former employer CNBC in full display. In the supportive camp, Business Insider, an outlet usually not supportive of Whitney, published an op-ed entitled Why Meredith Whitney Is Right.