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Meredith Whitney: “I have more conviction on the municipal bond call than I’ve had on any single thing in my career”

Last fall, Meredith Whitney made a prediction. Perhaps you remember it? It was part of a report called “Tragedy of the Commons,” wherein the analyst said that there would be “hundreds of billions of dollars’ worth” of municipal-bond defaults a’ coming. While some agreed with her, a vocal contingent did not. Charlie Gasparino, for instance, said that in his infinite wisdom, Whitney’s call suggested she “had been lobotomized.” Now, after several months and dozens of calls to the cops to request they remove Chaz, standing on her lawn yelling “Show me your books, Whitney!”, does MW stand by her analysis? You bet your ass she does and you what to know another thing? She welcomes the haters.

“There’s nothing controversial about that call, if you look at the numbers,” she said today, later adding: “This municipal issue, you can criticize me for anything you want, I’m numb to it, because I have more conviction on this than I’ve had on any single thing in my career.”

[Bloomberg]

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66 Responses to “Meredith Whitney: “I have more conviction on the municipal bond call than I’ve had on any single thing in my career””

  1. Meredith says:

    Municipal bondage rated CC+ for C-leavege.

  2. Tom says:

    apparently, getting her face frosted by a wrestler hasn’t helped her rational thought

  3. Guest says:

    There may be nothing controversial about her analysis or “call” but the way she went about disseminating that information should be investigated. Institutional clients (obviously paid for this right) receive her “call” in September and have until December to buy protection or otherwise exit positions before she goes on CNBC to spread the word to mom and pop that their bonds are going to be worthless. Why December? When balance sheets are being wound down and desks are understaffed? Why not October if default is so nearby? She makes Raj with his $63mm insider trading case look like a piker. Meredith knew exactly the market response she would elicit with the puffed-up reputation (one-call – not even hers or that much of a stretch) given the pedestal she has been thrust upon.

  4. The Observer says:

    It moved. Wait, it’s still going…

  5. Guest says:

    Oh dear. She’s not too confident on MWA LP then.

  6. That's What She Said says:

    i would love to give her the ‘motorboat’

    ~ The Motorboat Guy

  7. Wahoo says:

    Lobotomized… You mean, like she can start fires, with her thoughts?

  8. Ubssucks says:

    Imagine how that cleavage would look if she had a push up bra. WTF is she thinking letting those old puppies sag like that?

  9. nomo robots says:

    believe her robot people , she does her homework!!!!! finally someone with some class and brains. LISTEN ROBOT PEOPLE!!!

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