Whitney trips over muni default tale

It’s no wonder Meredith Whitney wants to distance herself from her prediction of the municipal market’s meltdown. “I never said that there would be hundreds of billions of defaults. It was never a precise estimate over a specific period of time.” So said banking analyst Whitney on Bloomberg Radio this week. This is what she said on an episode of CBS’s “60 Minutes” that aired on Dec. 19, 2010:

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Whitney trips over muni default tale

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