Sierra Canyon Basketball Schedule 2019, Amherst County Jail Inmate Search, Calgary Airport To Banff Shuttle, 60" Diamond Plate Threshold, Ach Medical Condition, Princeton University Mailing Address, When Will Stroma Medical Be Available, " /> Sierra Canyon Basketball Schedule 2019, Amherst County Jail Inmate Search, Calgary Airport To Banff Shuttle, 60" Diamond Plate Threshold, Ach Medical Condition, Princeton University Mailing Address, When Will Stroma Medical Be Available, " />

Your Sunrise, FL Dentist

Opening Hours : Mon - Thur 8:30am to 5:00pm ; Fri 8:30am to 2:00pm
  Contact : (954) 741-5006

meredith whitney 60 minutes

Gosh and golly, if only the US gov had invested that $700 billion in paying off the odious debt of 46 states instead of allowing bankers to use it to line their pockets after losing everything at gambling, maybe things wouldn't be so bad. Maybe the states should not have RAIDED the pension funds to pay for the illegals that have flooded this country and especially California the land of the liberal lunatics. On December 19, 2010, in an interview on the CBS television program 60 Minutes, Whitney stated that 50 to 100 counties, cities, and towns in the United States would have "significant" municipal bond defaults totaling "hundreds of billions" of dollars, and that "it'll be something to worry about within the next 12 months." Enter your information below to add a new comment. In a liquidity crisis like we face now it's actually the textbook one. "[18] Since the record amount of municipal bond defaults in one year was just over $8 billion at the time, Whitney's comments about hundreds of billions in defaults briefly shook the market and drew a great deal of attention, much of it critical. [1], Whitney joined Oppenheimer Holdings in 1993 as a Director, and in 1995 she joined the company's Specialty Finance Group. Copyright © 2009-2016 DailyBail. [14], Whitney's extremely bearish view on banks landed her on the cover of the August 18, 2008, issue of Fortune magazine. "[20], "A tale of two Americas is emerging: one weighed down by debt and facing de minimis economic growth and another brimming with opportunity and nimble to invest in the future." Meredith calls it again, she does her homework! Layfield is a former WWE Champion, former WWE color commentator, and fellow Fox News Channel contributor. Gov. She is best known for forecasting major problems for Citi in 2007. [2], Whitney grew up in Bethesda, Maryland. Now the loathsome Chris Christie also wants to torpedo high speed rail on the East Coast? Where am I getting the money? There is also a trillion dollar hole in their public pension funds. Fed buys $2.03 bln in bonds; Treasurys stay up. And we all know it's here. I can't pay people for those jobs if I don't have the money to pay them. Creative Commons Attribution-ShareAlike 3.0 Unported License (CC-BY-SA). Whitney returned to Oppenheimer in 2004, where she researched banks and brokers as a Managing Director. California, which faces a $19 billion budget deficit next year, has a credit rating approaching junk status. Who let these troglodytes out of Hades? Whitney, 41, founder of New York-based Meredith Whitney Advisory Group, said she expects more than 1 million job cuts from state and local governments in the spring of 2011. Illinois is so broke that vendors have stopped accepting the state's credit card, and it now borrows 50 cents of every state dollar spent. It appears that Whitney may have connected municipal debt a little too much to corporate debt. Christie is obviously a DB reader...he's not perfect, but at least he's honest...refreshing... @josie...christie actually mentioned the fed in this clip...it's worth the watch...pretty funny... Boston raises property taxes by maximum amount. They reiterated how Illinois was in terrible shape. ", "The Woman Who Called Wall Street's Meltdown", "Weddings/Celebrations; Meredith Whitney, John Layfield", "Prominent Oppenheimer bank analyst Whitney resigns", "Meredith Whitney Winds Down Brokerage After Setting Up Fund", "Company Overview of Meredith Whitney Advisory Group LLC", "Meredith Whitney Is Back: Overseeing Stocks at Bermuda's Arch", "Is Citigroup's Dividend Safe? It has gotten much less attention because each state has a slightly different story. Downgrading Stock Due to Capital Concerns", "The Rise and Rise of Analyst Meredith Whitney", "50 Most Powerful Women: 35. On December 19, 2010, in an interview on the CBS television program 60 Minutes, Whitney stated that 50 to 100 counties, cities, and towns in the United States would have "significant" municipal bond defaults totaling "hundreds of billions" of dollars, and that "it'll be something to worry about within the next 12 months." A December, 2010 report from Bank of America Merrill Lynch indicated that there was $4.25 billion of municipal debt in default, representing only 0.15% of the entire municipal bond market. Meredith Whitney, Zume CFO and predictor of bank troubles ahead of the financial crisis, joins CNBC's "Closing Bell" team to discuss how financials are … I wish more people would dig into the meat of the issue rather than just turn every new piece of info into an excuse to bawl "dirty socialists!!!" CHECK OUT OUR NEW WEBSITE | CITIZEN FREE PRESS, SunEdison: The Biggest Corporate Implosion In U.S. Solar History. Timing will vary a little bit, depending upon which state you're in, but it's comin'." Christie acknowledged that's a lot of jobs. She graduated with honors from Brown University[4] in 1992 with a B.A. 60 Minutes Video - State Budgets Day of Reckoning - Aired tonight. If the Poilce and Fire didn't have attractive pensions, then there would be no police and fire, because the pay can't even support a family. This page is based on the Wikipedia article. The day of reckoning has arrived. It has the highest taxes in the country, a $10 billion deficit and a depressed economy when first-year Governor Chris Christie took office. [23], Whitney's municipal debt thesis is still considered valid by at least one analyst. Anti-Bailout Motivation From Coach Bob Knight: "I'm Tired Of This Shit; This Is Absolute F***ing Bullshit. In 1998, she left Oppenheimer to become an Executive Director at Wachovia. [21][22] She argued that a "new map of prosperity" was emerging in the wake of the financial bust, with jobs moving away from the coasts and toward 17 "central corridor" states in the Midwest and Mountain West. Time to lighten up on municipal bond holdings? [11][12] Earlier that year, Forbes magazine had listed Whitney as the second-best stock picker in the capital-market industry. [24], On February 12, 2005, Whitney married John Layfield in Key West, Florida. HOLY CURRENCY: Bitcoin Up 1500% In 9 Months! She noted that the bank's dividends paid out to investors were greater than its profits at the time, and made the case that this would lead to bankruptcy. Gov. Of course it is. And it's gonna arrive everywhere. I mean, listen, the bottom line is I don't have the money. [10] Shortly after the report's publication and a sharp drop in Citigroup's stock, Charles Prince resigned as the bank's CEO and his successor slashed the dividend. "I canceled it. 60 Minutes had a story December 19, 2010 called: State Budgets Day of Reckoning When municipal bonds may national TV, you know there is a major problem. She is known for successfully forecasting the difficulties of Citigroup and other major banks during the financial crisis of 2007–2008. Still waiting... and conflating the bank bailouts with general stimulus. MAYBE we should look at the Seanators and Congress that have to serve only a term to get a pension that goes up everytime the present ones get a raise. But after looking at the books, he decided to walk away from a long-planned and much-needed project with New York and the federal government to build a rail tunnel into Manhattan.

Sierra Canyon Basketball Schedule 2019, Amherst County Jail Inmate Search, Calgary Airport To Banff Shuttle, 60" Diamond Plate Threshold, Ach Medical Condition, Princeton University Mailing Address, When Will Stroma Medical Be Available,