Meredith Whitney
By: Cullen Roche
December 20, 2010
The following segment on 60 Minutes yesterday evening is a must see. The segment covered the state and local funding crisis in the USA. Meredith Whitney was a special guest and predicted that the crisis would unfold in the “next 12 months”. Whitney says the states are susceptible to hundreds of billions in losses and local insolvencies could be widespread.