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John Byrne – $2 trillion municipal bond debt crisis could bring down 100 US cities, analyst warns
From The Raw Story:
$2 trillion municipal bond debt crisis could bring down 100 US cities, analyst warns
By John Byrne
Tuesday, December 21st, 2010
A new disaster is looming, according to a prominent market research analyst.
Meredith Whitney, a financial analyst who runs her own consulting firm and correctly predicted the major debt fallout of Citigroup, warned in a little-reported on interview Sunday that as many as 100 US cities face default on their municipal bonds.
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John Byrne
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December 30, 2010 at 12:07 pm2010-’11: From Austerity to Collapse? « Reflections on a Revolution
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