By Shawn Tully
The housing crash not yet realized its full impact on budgets in the most vulnerable states. It’s the banking crisis all over again – and it’s time to stop ignoring it.
Meredith Whitney, the superstar analyst who famously forecast disaster for America’s big banks before the credit crisis struck, is now warning about another looming threat: The wreckage from over-stretched state budgets.
Meredith Whitney, the superstar analyst who famously forecast disaster for America’s big banks before the credit crisis struck, is now warning about another looming threat: The wreckage from over-stretched state budgets.