GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Meredith Whitney - Detroit Aftershocks Will Be Staggering

July 25, 2013 | About:
Canadian Value

Canadian Value

117 followers


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:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 2.0/5 (1 vote)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK