Tuesday, November 17, 2009
Uber-bank analyst Meredith Whitney was on CNBC yesterday and was quite concerned about how the Federal Reserve is going to extricate itself from its asset purchase programs in the period ahead, programs that have kept long-term interest rates artificially low.
When asked if the banking sector is now adequately capitalized (right around the 3:20 mark), Whitney replies, "No way, no way" and then on residential real estate she must have said "another leg down" about five times. Oh yeah, and a "double-dip" recession.
Maria doesn't like to get news like this ... there's more in this report over at CNBC.