Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana. – Meredith Whitney
You have to know what you own. You have to really do your homework in terms of knowing what supports your bonds. – Meredith Whitney
People knew that Murdoch’s media estate in the UK was too powerful and it was doing very unpleasant things. – Meredith Whitney
You can make great money in a utility type of business by borrowing cheaply and lending sensibly but that’s not what’s being done. – Meredith Whitney
Every day things get better because politicians are addressing the fiscal challenges more aggressively. – Meredith Whitney
You’re either making money or you’re not. If you’re not making money get out of the business. – Meredith Whitney
There’s not a doubt in my mind that you will see a spate of municipal-bond defaults. – Meredith Whitney
There are great municipal investments out there, but on a blanket basis you have to be really careful about knowing what cash flows are supporting your investments. – Meredith Whitney
The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that. – Meredith Whitney
