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Meredith Whitney - Detroit Aftershocks Will Be Staggering

July 25, 2013 | About:

Meredith Whitney thinks there are five more towns like Detroit in Michigan alone.

Additionally she believes that there are many more municipalities across the country in similar positions.

Whitney thinks Detroit's bankruptcy decision will make it easier for others to follow and make the unpopular decision.

Whitney who a couple of years ago predicted a wave of municipal bond defaults which never happened discusses the issue in depth in the video below:

About the author:

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