The Coming Municipal Bond Crisis
The following segment was on CBS’s 60 minutes last night and discusses the likelihood of a state and local funding crisis, which Meredith Whitney predicts will begin in the next 12 months. The municipal bond market is one of the most opaque in the investing world and is subject to strong political machinations. Ms. Whitney nailed it with Citibank and at Meritas Advisors, we think that her detailed analysis of this market warrants serious attention.