Meredith Whitney, chief executive officer of Meredith Whitney Advisory Group, says her book, "Fate Of The States" was written to help Americans understand the severity of the credit crisis. Whitney talks with Bloomberg's Pimm Fox and Carol Massar on Bloomberg Radio's "Taking Stock."
Lawrence Schloss, New York City's chief investment officer and deputy comptroller for pensions, says 8 percent return is possible for pension plan holders. Schloss talks with Bloomberg's Tom Keene and Sara Eisen on Bloomberg Radio's "Bloomberg Surveillance." Guest Host Meredith Whitney, analyst and chief executive officer of Meredith Whitney Advisory Group also joins the discussion. (Source: Bloomberg)
California, the most populous U.S. state, isn’t likely to see a wave of cities defaulting on payments to municipal bond holders, according to a study sought by Treasurer Bill Lockyer’s debt and advisory commission.
Individual investors fleeing the $3.7 trillion U.S. municipal-bond market at the fastest rate since 2011 are doing so at their own peril. Local debt has logged gains for five straight years in the month of May.
Job cuts on Wall Street will be a “continued slow bleed” after the industry trimmed hundreds of thousands of positions in recent years, said Meredith Whitney, a banking analyst and chief executive officer of Meredith Whitney Advisory Group.