Home > Uncategorized > John Byrne – $2 trillion municipal bond debt crisis could bring down 100 US cities, analyst warns

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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  1. December 30, 2010 at 12:07 pm

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