Meredith Whitney quotes:
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You can make great money in a utility type of business by borrowing cheaply and lending sensibly but that's not what's being done.
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You have to know what you own. You have to really do your homework in terms of knowing what supports your bonds.
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Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana.
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There are great municipal investments out there, but on a blanket basis you have to be really careful about knowing what cash flows are supporting your investments.
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Every day things get better because politicians are addressing the fiscal challenges more aggressively.
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There's not a doubt in my mind that you will see a spate of municipal-bond defaults.
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You're either making money or you're not. If you're not making money get out of the business.
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People knew that Murdoch's media estate in the UK was too powerful and it was doing very unpleasant things.
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At a certain point, you can't tax people beyond a certain level.
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People dont pay attention until they have to