Will anyone say Merredith Whitney was correct?
I will. She has been accurate in her predictions all along, and taking flak for it all along. She took a lot of flak for predicting a slew of municipal bankruptcies. Some of the idiots criticizing her even mistook municipalities (cities, counties, parishes) for states. They mistook here to mean state bankruptcies. Other idiots understood what she meant, but called her nuts anyway. She’s a female Peter Schiff.