Meredith: Widespread defaults looming in U.S. municipal debt market

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Meredith Whitney rose to prominence as a financial analyst by predicting the problems at Citigroup. Ms Whitney has since started her own firm, Meredith Whitney Advisory Group, and is now predicting dramatic declines in US home prices, large layoffs at U.S. banks and widespread defaults in the municipal bond market.

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Source: Aline van Duyn, Financial Times, November 16, 2010.

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