It’s become a sport to take pot shots at Meredith Whitney over her muni doom prediction, and frankly we consider this one from muni banker Suzanne Shank to be the harshest yet.
“I have not read her report in detail. I have seen her on television. I admire her predictions of the banks, which she has analysed for many years… I’m not sure she has the background in the municipal arena…And I just wish she understood the security structure underlying the bonds a little more.”
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