United States: How broke is the country? (Part 2)22 December, 2010, 17:57. Posted by Zarathustra
Tags: Economy, Meredith Whitney, Municipals, United States
Following her appearance in 60 minutes over the weekend, Meredith Whitney sparked more fires and arguments about all these municipal bond defaults.
Not everyone agrees with her near-apocalyptic view, but it is nevertheless good to keep in mind that the municipals and local governments of United States are probably broke.