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Meredith Whitney: GIRD YOUR LOINS

New Jersey’s move to take out a short-term $2.25 billion loan to pay its bills is symbolic of how difficult state and municipal financing will be in the year ahead, analyst Meredith Whitney told CNBC Tuesday…she said these types of moves will be mere warning shots as states approve their spending plans for the fiscal year ahead—running from July 1 to June 30—and balance those budgets by cutting local aid. “That’s what’s really going to hurt. So the pain of the states is just upon us,” said Whitney. “What you’ll see now is as the states are submitting final budgets, you’ll see the real pain at the municipal level start happening July 1. That will intensify and that’s where you’ll see the fallout.””That’s what’s really going to hurt. So the pain of the states is just upon us,” said Whitney. “What you’ll see now is as the states are submitting final budgets, you’ll see the real pain at the municipal level start happening July 1. That will intensify and that’s where you’ll see the fallout.” [CNBC]

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27 Responses to “Meredith Whitney: GIRD YOUR LOINS”

  1. Guest says:

    I keep hearing it but I aint’ seeing it.

  2. Gov Chris Christie says:

    In a slight revision to my adamant statements on FOX News last night, allow me to clarify that when I said that I was opposed to recognizing gay marriage in the state of NJ, it meant me, personally. As for the state; not only are we recognizing it, we are having a sale on it at the state house tomorrow at noon where we will marry all 750,000 of you who have petitioned me, at the discounted rate of $3,250 each bringing in just over $2.250B to our great state.  For the record, I remain staunchly against legalization of marijuana in any form including medical, at least until our next budget shortfall. 

  3. Dr. Rosenrose says:

    I think you’re forgetting about a little financing tool we call the “debt bond”, Ms. Whitney.
    -Illinois

  4. derp says:

    How can a fiscal year last -1 days?

    -AIG quant

    • LEH Quant says:

      It’s a typo, idiot. Days can’t be negative. It’s almost like having 3.5 people. It’s impossible to have .5 people. People are always integers. Days are always positive. You are no quant.

      -LEH Quant

  5. Karl Hungus says:

    Tranny hooker no talk

  6. Sundance Square Quant says:

    Just heard that the Greatest Genius of the Natural Gas World, Aubrey McClendon will be interviewed by Cramer tonight re all the NYT muckraking about shale gas.  I supposed Dykstra was unavailable and MW is otherwise occupied. 

    • guest says:

      Amazing that McClendon would be available for a media interview.  He’s such a hermit.  

  7. Daniel says:

    Yes, No, No.  O, shit.

  8. Jared says:

    Looks like MW is the lock out replacement for Tuck and Strahan on the $5 ft long Subway ad campaign

  9. Villanova Quant says:

    Salon notes ownership of 200 ultrashort muni ETF shares in a private account.

  10. 25th Hour Trader says:

    At some point her call on munis will be right b/c an asteroid will hit the earth (and all of its municipalities).  Until then, as my golden retriever would say, she is R-O-N-G.  Time to pull pitch on this one MW. 

    Source: Trader who learned the hard way repeating the merits of a losing position does not make it a winning position. 

    • AmericanBandersnatch says:

      I find her disquiet a turn on. Lights on, her bent over a desk, while she goes on an on about why her call is still correct while I tell her how right she is.

  11. Feverish Clicker says:

    I’d hit it

  12. Guest says:

    Hydrocephalus is a bitch!

  13. DSK says:

    Not sure but I think I’d like to gird loins together with Meredith. Something about smart dominant women

  14. Beta_is_a_bitch says:

    I’m pretty much up for anything, but this Meredith gal is into some twisted shit.

    – Guy who things S&M stands for sick and mutilation

  15. Verklempt says:

    Ray Lewis v Meredith Whitney…. discuss

  16. Guest says:

    Who cares about NJ? Talk about the global economy if you want to make some waves

    – N. Roubini

  17. jimmy says:

    listen little robot followers , meredith does her homework not like just sign this bill before you read it and we’ll let you know what’s in it. SHE KNOWS