Tags: bloomberg | meredith | Whitney

Bloomberg TV to Profile Meredith Whitney

Tuesday, 19 Jun 2012 06:42 PM

Bloomberg Television will profile star Wall Street analyst Meredith Whitney, who called the financial meltdown of 2008 long before it happened, Wednesday at 9 p.m. ET/PT.

In 2007 at Oppenheimer & Co., Whitney predicted the subprime mortgage mess would force Citigroup to cut its dividend to raise capital, making a spot-on call that gave her rock-star status among equity analysts after initially receiving heat for making the prediction.

In January 2008, Citigroup did cut its dividend and the stock would eventually lose more than 95 percent of its equity value until government support would prop it up.

Editor's Note: This Wasn’t an Accident — Experts Testify on Financial Meltdown

"I created this firestorm just by doing my job," Whitney has said.

More recently, at the end of 2010, Whitney made a famous call on "Sixty Minutes" that municipal and other local governments across the U.S. could run into financial trouble, with defaults totaling hundreds of billions of dollars.

"A team of experts, including Bloomberg columnists Michael Lewis, Joe Mysak and Alice Schroeder, discuss Whitney's recent report rating the financial health of the 15 largest U.S. states and whether there is any validity to Whitney's claim that cities across America will lose access to credit markets, leading to hundreds of billions in debt defaults," Bloomberg says in an announcement.

"Bloomberg Surveillance" host Tom Keene will interview Whitney about her latest investing insight, including her controversial forecast about defaults in the municipal bond market, Bloomberg adds.

Whitney heads up Meredith Whitney Advisory Group.

Editor's Note: This Wasn’t an Accident — Experts Testify on Financial Meltdown

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2012-42-19
Tuesday, 19 Jun 2012 06:42 PM
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