John Byrne – $2 trillion municipal bond debt crisis could bring down 100 US cities, analyst warns
From The Raw Story:
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.