May 5, 2010

Meredith Whitney: US Recovery Is Unsustainable

Meredith Whitney, chief executive officer of Meredith Whitney Advisory Group LLC, talked with Bloomberg's Tom Keene, Ken Prewitt and Kathleen Hays about the U.S. economy, banking industry and credit market.

Whitney, the banking analyst who forecast Citigroup Inc.’s dividend cut in 2008, said yesterday the nation’s largest banks are susceptible to another dip in the consumer-credit market. (Source: Bloomberg)

Video Interview LINK

00:00 Consumer, corporate credit; Citigroup; banks
07:06 Sees second housing slump; U.S. regulation
12:24 Advice for big banks; Goldman suit
16:59 Greece; U.S. recovery unsustainable; credit
23:57 Toxic assets still here; commercial property
32:41 Who benefits from fall of Lehman, Bear?
37:18 Fannie Mae, Freddie Mac still losing money
42:18 Bright spots; bank profits under new rules
44:55 "Single best buy" is Visa on prepaid cards
Running time 47:38

Related Stocks: Visa Inc. (Public, NYSE:V), Citigroup Inc. (Public, NYSE:C), Bank of America Corporation (Public, NYSE:BAC), Goldman Sachs Group, Inc. (Public, NYSE:GS), Fannie Mae (Public, NYSE:FNM), Freddie Mac (Public, NYSE:FRE)

No comments: