http://www.bloomberg.com/apps/news?pid=20601039&sid=aSApdA59SFok&refer=home
One of the rare inspirational subplots of our current financial panic has been the rise of Meredith Whitney. An obscure and little-noticed analyst of Wall Street banks, working for an obscure and little-noticed Wall Street bank (Oppenheimer & Co.), Whitney has become, in a matter of months, a woman who moves markets.
Why?
Meredith Whitney is the only analyst on Wall Street willing to speak her mind.
Unless you are know the working of Wall St. you have no idea how rare that is.
It all started back on Oct. 31, 2007, when she published her now-legendary report on Citigroup Inc. In it, she pointed out that the company's dividend now exceeded its profits -- the bank was handing money back to its investors faster than it was taking it in from its customers.
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Why is it such a bad idea when people like Meridth Whitney report against the titans of Wall Street. She is the only one of the few,let alone a women to tell the truth about financials power houses. People on Wall Street do not want people who live on Main Street USA to know what they know. My advice to fellow my Wall Streeters get on the bus and start reporting the truth before the rest the counrty becomes a third rate power house. I give you one example, do you think prior to Bear Sterns collaspe with 17 Billion liquity months before the fire sale. Do you think the boys at Goldman and Mer-lycnh did not short that stock. Wake up MAIN STREET I am avaiable for rebuttle at Hubbs1065@aol.com
Don't disagree with you at all. Agree 100%.
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