Meredith Whitney on Banking
As an analyst, it is my job to do fundamental research and call it as I see it, and my bailiwick is financials. My outlook has been negative for over a year and, technically, I have been “right” on my calls. Seeing massive capital destruction has brought me no pleasure, but unfortunately I see little on the horizon that would change my outlook. In fact, after observing the US economy so derailed, I feel that I must act as a citizen of this great country to attempt to offer solutions to this economic train wreck we are all involved in.
First, I am more bearish today than I have been in the past 18 months…..
FT.com / Comment / Opinion – America must keep consumer liquidity flowing.
I have to say that I like Meredith as an analyst. Why? Because she’s not afraid to say it like she sees it and she’s had an uncanny accuracy in the last couple of years.
With that being said, I don’t like what she said about the banking world being in trouble and in worse shape now than what it was any time in the last 18 months, but I also can’t say I disagree with her.
She’s got more to say in the article, but that’s for another time…..
The mother of all margin calls.
See what Citibank is doing with our money.
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