Friday, April 15, 2011

Meredith Whitney

Meredith Whitney, one of the most respected analysts on Wall Street,
went on the CBS news program 60 Minutes, and predicted that:
"You could see 50 sizeable [local government bond] defaults. Fifty to 100 sizeable defaults. More. This will amount to hundreds of billions of dollars' worth of defaults."

She also predicted successfully the whole 2008 crash & essentially what she is saying here is that local governments are going to go belly up. The anti-tax greed 1st American lifestyle is coming home to roost ... not enough tax revenue is what this is all about. Now why don't you hear that said on mainstream media ?? Why is it such a sin to say we need to raise taxes in order to pay the bills ??

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